QUEENSMITH (GROUP) LTD
Get an alert when QUEENSMITH (GROUP) LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-02 (in 6mo)
Last made up 2025-10-19
Watchouts
Cash
£4M
+47.5% highest in 5 filed years
Net assets
£6M
+29.4% highest in 5 filed years
Employees
85
+32.8% vs 2023
Profit before tax
£2M
-2.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,647,171 | £13,966,349 | |
| Operating profit | — | — | — | — | £2,393,566 | £2,214,031 | |
| Profit before tax | — | — | — | — | £2,366,836 | £2,308,924 | |
| Net profit | — | — | — | — | £1,720,735 | £1,642,303 | |
| Cash | £335,977 | £829,019 | £732,575 | — | £2,461,083 | £3,629,007 | |
| Total assets less current liabilities | £1,764,652 | £2,566,485 | £3,393,593 | — | £5,218,218 | £6,633,069 | |
| Net assets | £1,428,584 | £1,863,532 | £2,692,674 | — | £4,681,535 | £6,056,698 | |
| Equity | £1,428,584 | £1,863,532 | £2,692,674 | £3,120,377 | £4,681,535 | £6,056,698 | |
| Average employees | — | — | — | — | 64 | 85 | |
| Wages | — | — | — | — | £2,373,415 | £2,846,375 | |
| Directors' remuneration | — | — | — | — | £255,544 | £274,989 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+10.4%
£12,647,171 £13,966,349
-
Cash
+47.5%
£2,461,083 £3,629,007
highest in 5 filed years
-
Net assets
+29.4%
£4,681,535 £6,056,698
highest in 5 filed years
-
Employees
+32.8%
64 85
-
Operating profit
-7.5%
£2,393,566 £2,214,031
-
Profit before tax
-2.4%
£2,366,836 £2,308,924
-
Wages
+19.9%
£2,373,415 £2,846,375
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 18.9% | 15.9% | |
| Net margin | — | — | — | — | 13.6% | 11.8% | |
| Return on capital employed | — | — | — | — | 45.9% | 33.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 38.7% | 31.4% | |
| Current ratio | — | — | — | — | -1.85x | -2.48x | |
| Interest cover | — | — | — | — | 89.55x | 4823.60x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- QUEENSMITH (GROUP) LTD 2023-07-21 → present
- HEARTS OF LONDON (GROUP) LTD 2019-03-22 → 2023-07-21
- HEARTS OF LONDON (UK) LTD 2011-03-30 → 2019-03-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- ML Audit LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- QUEENSMITH (GROUP) LTD · parent
- Central Diamond Company Ltd 1%
- Hearts Of London Ltd 1%
Significant events
- “2024 marks a defining year for Queensmith as we continue to transform the fine jewellery market. As the first UK retailer to champion lab-grown diamonds, our commitment to innovation, vertical integration and brand excellence has cemented our position as a market leader in this rapidly expanding category.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AFSHAR, Brett | Director | 2011-03-30 | Aug 1974 | British |
| AFSHAR, Natalie Elizabeth | Director | 2021-09-30 | May 1975 | British |
| CHRYSTAL, Catherine | Director | 2022-04-27 | Mar 1965 | British |
| DIXON, Emily Kate | Director | 2022-04-27 | Sep 1986 | British |
| NOBES, Sam | Director | 2022-04-27 | Oct 1988 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Brett Afshar | Individual | Shares 75–100% | 2016-07-01 | Active |
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-25 RESOLUTIONS Resolution
- 2025-09-25 MA Memorandum articles
- 2023-07-21 CERTNM Certificate change of name company
- 2023-07-21 NM06 Change of name request comments
- 2023-07-21 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-25 | MA | incorporation | Memorandum articles | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-08-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-21 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-07-21 | NM06 | change-of-name | Change of name request comments | |
| 2023-07-21 | CONNOT | change-of-name | Change of name notice | |
| 2022-12-20 | CH01 | officers | Change person director company with change date | |
| 2022-11-29 | CH01 | officers | Change person director company with change date | |
| 2022-11-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-05-26 | SH01 | capital | Capital allotment shares | |
| 2022-05-26 | SH01 | capital | Capital allotment shares | |
| 2022-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-12 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.