Wakefields Jewellers Limited

Wakefields Jewellers Ltd from West Sussex UK is a small, active company established 61 years ago. With 26 employees and £2,692,322 in assets, it’s a well-established family business boasting a perfect 5.0 Google rating from 291 reviews. Four directors and two owners steer the company, which regularly imports jewelry, precious stones, and metals—the last import operation was made on March 01, 2025.

The company operates a retail store selling watches and jewelry, with a strong emphasis on bespoke design and repair services. Its website showcases a wide range of products, including engagement rings, wedding bands, and luxury watches from brands like Rolex and Tudor. It also offers an appointment booking service, click-and-collect options, and a dedicated workshop for watch servicing and jewelry repairs. The website also features a blog with content on jewelry care, trends, and the company’s history.

Financially, Wakefields Jewellers Ltd shows some concerning trends. While turnover remained stable at £3.2 million, net assets decreased by 13% to £2.8 million. Cash reserves plummeted 56% to £240,000, and bank borrowings increased by 3.3% to £83,000. Trade creditors also decreased by 38%, which could indicate improved debt management. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), which helps it maintain flexibility. The lack of an auditor mentioned likely means the financial statements are unaudited.

The sharp drop in cash reserves and the increase in bank borrowings suggest the company might be facing some financial pressures, although it’s difficult to say for sure without more information. The company’s long history and strong Google rating suggest it has a loyal customer base, but it will need to manage its finances carefully to ensure its long-term success.

Registered in England/Wales under the registration number 00801004, with a registered address at RH12 1PF, West Sussex, 11 West Street, Horsham.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.