Y J Jewellery Ltd

Y J Jewellery Ltd is a small, active company based in London, UK, founded four years ago in 2020. It’s a solo-founded operation with one director and owner, Sabri Yusuf Lait, and employs just one person. The company holds £360,525 in assets and operates from a real address at 372 Edgware Road. It’s primarily involved in the retail sale of watches and jewellery, as well as repairing watches and jewellery. The business also imports electrical machinery and equipment, with a recent import recorded just one month ago.

The company's website showcases a wide range of jewellery, including rings, necklaces, pendants, bracelets, and earrings, and even offers a membership program with different tiers. It accepts various payment methods, including American Express, Mastercard, PayPal, Union Pay, and Visa, and even offers a Whatsapp number for customer inquiries. It’s clear that Y J Jewellery Ltd is focused on online retail, with a modern e-commerce presence.

Financially, Y J Jewellery Ltd is showing some concerning trends. While its property, plant, and equipment increased significantly, from £8,700 to £31,000, its net assets have plummeted, from £93,000 to -£30,000. This is a dramatic shift, with retained earnings and accumulated losses contributing to the negative equity. Current assets have also decreased by 16%, dropping to £360,000, and bank overdrafts remain steady at £1,800. Trade creditors have increased by 14%, reaching £390,000. 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 remain agile, but the sharp decline in equity raises questions about its financial health. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company is clearly facing some financial pressures, despite its online presence and product range. Whether it can turn things around remains to be seen, but it’s a company to watch closely.

Registered in England/Wales under the registration number 12874029, with a registered address at W2 1EB, England, London, 372 Edgware Road.

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