Warstone Jewellers Limited

Warstone Jewellers Ltd, based in Birmingham, UK, is a small, family-run business with an active status, having been founded sixteen years ago in 08. With five employees and £857,347 in assets, it’s a modest operation. The company operates from a virtual address – a little unusual, as 113 other companies are registered at the same location – and is managed by two directors and two owners. It has a stellar 5.0 Google rating based on 317 reviews, and regularly imports jewelry, precious stones, and metals, with the latest import activity recorded four months ago.

The company’s core business is retail sale of watches and jewellery in specialised stores. It’s a regular importer, with its top import category being Jewelry, precious stones, and metals, totaling 4 months of imports. The last import operation was conducted on April 01, 2024.

Financially, Warstone Jewellers Ltd presents a mixed picture. Current assets grew by 8.7% to £860,000, while net assets increased by 8.8% to £1.1 million – a positive trend. Cash reserves saw a significant boost, jumping 78% to £260,000. However, bank borrowings decreased by 40% to £16,000, and trade debtors plummeted 68% to £4,100. Creditors also decreased by 5.1% to £170,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in debtors could indicate some difficulties with customer payments. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Warstone Jewellers Ltd appears to be financially stable, with growing assets and a healthy cash position. However, the decrease in debtors warrants a closer look. The company’s strong Google rating and family-run nature suggest a loyal customer base and a commitment to quality, which should help it navigate any future challenges.

Registered in England/Wales under the registration number 06657339, with a registered address at B1 3ND, England, Birmingham, 9-11 Vittoria Street.

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