TheManWithNoName
Registered Shopper
- Joined
- Feb 16, 2023
- Messages
- 1,343
So, Gemporia's are due next month.
What do we reckon they'll show. Even worse that last year? Better than last year? About the same?
My predication is they'll have done about the same. I've seen nothing to suggest that customers have rushed back in their droves to Gems TV - but they do seem to be selling enough to be 'ticking over'.
Jewellery Maker seems to have lost a lot of customers and it also get a lot of criticism.
Gem Collector seems unpredictable - it seems to have a few loyal customers - but it also seems to have quite a few that have been disgruntled by price hikes.
Hobby Maker - that seems to be the one area of their business that is thriving.
Sewing Street - no idea at all.
I've spotted some interesting things tonight though. Looking at Gemporia's list of directors, I see that a number of them 'resigned' in October last year ('resigned' on Companies House doesn't actually mean that handed in their notice and left - 'resigned' simply mean that they're no longer a director, regardless of the manner in which they left. Even if someone passes away, it still shows 'resigned' on Companies House).
Sarah Bennett is no longer showing as a director - 6 months after Steve Bennett told us on-air that Sarah Bennett would be becoming more involved again.
Paula Bennett is no longer showing as a director.
John Bennett is no longer showing as a director.
John Winspear is no longer showing as a director (or company secretary either). I believe he was their finance director.
find-and-update.company-information.service.gov.uk
It seems a little odd that they all went at the same time.
I've also found out that their call centre manager, Jayne Sankey, was also made redundant last year too.
I suspect I can see why their prices have become ridiculous at times though. I would imagine this loan comes with a hefty interest bill.........
This line is concerning:
"During the pandemic, many people have taken to watching TV and crafting to pass the time. In line with this trend, Gemporia Partnership’s profit increased by 42% in the year to March 2021. The business has retained a significant proportion of its new customers as pandemic restrictions have been lifted by the Government. The business has grown by attracting 55,000 new customers in the year to March, and re-launching its craft product range last year, which now accounts for 20% of its sales."
This loan appears to have been taken out in the September of the same year. But then 'normality' hit, lockdowns ended, and by 2022, all of the Covid situation had ended.
Forward to 2023, and we know the Company had obvious financial problems last year.
Did they expect the Covid growth to continue - only to find that it ended, and left them in a difficult situation? Who knows.
I'm intrigued to see what the accounts say next month!
What do we reckon they'll show. Even worse that last year? Better than last year? About the same?
My predication is they'll have done about the same. I've seen nothing to suggest that customers have rushed back in their droves to Gems TV - but they do seem to be selling enough to be 'ticking over'.
Jewellery Maker seems to have lost a lot of customers and it also get a lot of criticism.
Gem Collector seems unpredictable - it seems to have a few loyal customers - but it also seems to have quite a few that have been disgruntled by price hikes.
Hobby Maker - that seems to be the one area of their business that is thriving.
Sewing Street - no idea at all.
I've spotted some interesting things tonight though. Looking at Gemporia's list of directors, I see that a number of them 'resigned' in October last year ('resigned' on Companies House doesn't actually mean that handed in their notice and left - 'resigned' simply mean that they're no longer a director, regardless of the manner in which they left. Even if someone passes away, it still shows 'resigned' on Companies House).
Sarah Bennett is no longer showing as a director - 6 months after Steve Bennett told us on-air that Sarah Bennett would be becoming more involved again.
Paula Bennett is no longer showing as a director.
John Bennett is no longer showing as a director.
John Winspear is no longer showing as a director (or company secretary either). I believe he was their finance director.
GEMPORIA LIMITED filing history - Find and update company information - GOV.UK
GEMPORIA LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
It seems a little odd that they all went at the same time.
I've also found out that their call centre manager, Jayne Sankey, was also made redundant last year too.
I suspect I can see why their prices have become ridiculous at times though. I would imagine this loan comes with a hefty interest bill.........
This line is concerning:
"During the pandemic, many people have taken to watching TV and crafting to pass the time. In line with this trend, Gemporia Partnership’s profit increased by 42% in the year to March 2021. The business has retained a significant proportion of its new customers as pandemic restrictions have been lifted by the Government. The business has grown by attracting 55,000 new customers in the year to March, and re-launching its craft product range last year, which now accounts for 20% of its sales."
This loan appears to have been taken out in the September of the same year. But then 'normality' hit, lockdowns ended, and by 2022, all of the Covid situation had ended.
Forward to 2023, and we know the Company had obvious financial problems last year.
Did they expect the Covid growth to continue - only to find that it ended, and left them in a difficult situation? Who knows.
I'm intrigued to see what the accounts say next month!
Last edited:
