rolex watch company,limited(the)

rolex watch company,limited(the) Company Information

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Company Number

00142138

Industry

Wholesale of watches and jewellery

 

Shareholders

rolex holding sa

Group Structure

View All

Contact

Registered Address

19 saint jamess square, london, SW1Y 4JE

rolex watch company,limited(the) Estimated Valuation

£541.9m

Pomanda estimates the enterprise value of ROLEX WATCH COMPANY,LIMITED(THE) at £541.9m based on a Turnover of £685.2m and 0.79x industry multiple (adjusted for size and gross margin).

rolex watch company,limited(the) Estimated Valuation

£332.7m

Pomanda estimates the enterprise value of ROLEX WATCH COMPANY,LIMITED(THE) at £332.7m based on an EBITDA of £67.2m and a 4.95x industry multiple (adjusted for size and gross margin).

rolex watch company,limited(the) Estimated Valuation

£673.1m

Pomanda estimates the enterprise value of ROLEX WATCH COMPANY,LIMITED(THE) at £673.1m based on Net Assets of £385.5m and 1.75x industry multiple (adjusted for liquidity).

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Rolex Watch Company,limited(the) Overview

Rolex Watch Company,limited(the) is a live company located in london, SW1Y 4JE with a Companies House number of 00142138. It operates in the wholesale of watches and jewellery sector, SIC Code 46480. Founded in November 1915, it's largest shareholder is rolex holding sa with a 100% stake. Rolex Watch Company,limited(the) is a mature, mega sized company, Pomanda has estimated its turnover at £685.2m with healthy growth in recent years.

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Rolex Watch Company,limited(the) Health Check

Pomanda's financial health check has awarded Rolex Watch Company,Limited(The) a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

9 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

annual sales of £685.2m, make it larger than the average company (£11.3m)

£685.2m - Rolex Watch Company,limited(the)

£11.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.6%)

14% - Rolex Watch Company,limited(the)

7.6% - Industry AVG

production

Production

with a gross margin of 15.4%, this company has a higher cost of product (31.7%)

15.4% - Rolex Watch Company,limited(the)

31.7% - Industry AVG

profitability

Profitability

an operating margin of 9.5% make it more profitable than the average company (4%)

9.5% - Rolex Watch Company,limited(the)

4% - Industry AVG

employees

Employees

with 214 employees, this is above the industry average (36)

214 - Rolex Watch Company,limited(the)

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £73.9k, the company has a higher pay structure (£41.8k)

£73.9k - Rolex Watch Company,limited(the)

£41.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £3.2m, this is more efficient (£435.3k)

£3.2m - Rolex Watch Company,limited(the)

£435.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (36 days)

24 days - Rolex Watch Company,limited(the)

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (22 days)

0 days - Rolex Watch Company,limited(the)

22 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 38 days, this is less than average (126 days)

38 days - Rolex Watch Company,limited(the)

126 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (10 weeks)

15 weeks - Rolex Watch Company,limited(the)

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.9%, this is a lower level of debt than the average (54.9%)

18.9% - Rolex Watch Company,limited(the)

54.9% - Industry AVG

ROLEX WATCH COMPANY,LIMITED(THE) financials

EXPORTms excel logo

Rolex Watch Company,Limited(The)'s latest turnover from December 2023 is £685.2 million and the company has net assets of £385.5 million. According to their latest financial statements, Rolex Watch Company,Limited(The) has 214 employees and maintains cash reserves of £17.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover685,218,000608,158,000519,883,000468,080,000414,507,000366,975,000329,079,000268,043,000190,085,000179,449,000156,647,787142,588,045133,026,553109,322,06398,112,721
Other Income Or Grants000000000000000
Cost Of Sales579,733,000508,955,000394,235,000356,036,000312,511,000280,845,000259,857,000220,789,000145,330,000136,946,000121,582,064110,021,455110,826,23789,486,30675,230,791
Gross Profit105,485,00099,203,000125,648,000112,044,000101,996,00086,130,00069,222,00047,254,00044,755,00042,503,00035,065,72332,566,59022,200,31619,835,75722,881,930
Admin Expenses40,112,00039,798,00034,089,00028,862,00031,790,00030,652,00027,425,00024,730,00024,868,00024,851,00019,553,34216,972,01417,614,12417,520,83216,233,492
Operating Profit65,373,00059,405,00091,559,00083,182,00070,206,00055,478,00041,797,00022,524,00019,887,00017,652,00015,512,38115,594,5764,586,1922,314,9256,648,438
Interest Payable613,000106,000144,000119,000158,000173,000290,00003,0001,540,0000131,00063,000154,000371,533
Interest Receivable1,044,000190,00012,00047,000171,000162,00064,000116,00023,0001,646,00021,32911,141014,7690
Pre-Tax Profit65,804,00059,489,00091,427,00083,110,00070,219,00055,467,00041,571,00022,640,00019,907,00017,758,00015,703,06115,481,2555,135,2582,175,6946,276,905
Tax-15,927,000-11,831,000-18,215,000-16,100,000-13,523,000-10,633,000-8,095,000-4,996,000-4,108,000-3,893,000-3,651,511-3,798,142-991,048-783,213-1,912,312
Profit After Tax49,877,00047,658,00073,212,00067,010,00056,696,00044,834,00033,476,00017,644,00015,799,00013,865,00012,051,55011,683,1134,144,2101,392,4814,364,593
Dividends Paid35,000,00045,000,00090,000,00070,000,00060,000,00035,000,00045,000,0008,000,0008,000,0003,000,0003,000,0000000
Retained Profit14,877,0002,658,000-16,788,000-2,990,000-3,304,0009,834,000-11,524,0009,644,0007,799,00010,865,0009,051,55011,683,1134,144,2101,392,4814,364,593
Employee Costs15,813,00014,521,00013,089,00013,002,00012,780,00012,788,00011,218,00010,917,00010,933,00011,811,00011,691,23111,191,99310,231,6499,449,9577,464,369
Number Of Employees214210197203194192191174172161161160161136132
EBITDA*67,158,00061,063,00093,216,00084,610,00071,487,00056,647,00042,900,00023,640,00020,993,00018,755,00016,613,21716,982,3536,076,9063,293,4717,488,179

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets32,845,00033,545,00034,350,00035,584,00030,634,00031,200,00031,375,00031,975,00032,582,00033,367,00034,412,64935,344,62536,213,35137,144,97528,435,147
Intangible Assets000000000000000
Investments & Other310,450,00000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets343,295,00033,545,00034,350,00035,584,00030,634,00031,200,00031,375,00031,975,00032,582,00033,367,00034,412,64935,344,62536,213,35137,144,97528,435,147
Stock & work in progress61,931,00044,617,00035,817,00025,109,00044,355,00025,864,00024,543,00016,816,00027,676,00038,404,00035,562,81731,976,02830,946,92017,875,84222,860,208
Trade Debtors45,617,00036,059,00036,981,00051,606,00037,255,00042,640,00048,158,00039,480,00038,729,00043,330,00031,428,69925,952,78928,706,68722,697,86521,215,985
Group Debtors0000000000107,50001,57600
Misc Debtors6,558,00012,342,0001,528,0004,686,0003,036,0001,302,0001,459,0002,131,0001,067,0001,117,0001,178,197937,8921,807,776627,065567,257
Cash17,632,00034,532,00032,068,00036,027,00037,261,00059,531,00039,608,00055,736,00026,648,0004,346,0007,035,9662,229,4944,578,3825,617,4678,310,909
misc current assets000000000000000
total current assets131,738,000127,550,000106,394,000117,428,000121,907,000129,337,000113,768,000114,163,00094,120,00087,197,00075,313,17961,096,20366,041,34146,818,23952,954,359
total assets475,033,000161,095,000140,744,000153,012,000152,541,000160,537,000145,143,000146,138,000126,702,000120,564,000109,725,82896,440,828102,254,69283,963,21481,389,506
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 1,362,0001,326,0001,216,000241,000196,000194,000192,0001,164,000939,0001,369,000416,278165,065455,715855,021339,521
Group/Directors Accounts31,028,00032,452,00027,014,00026,274,00021,045,00025,114,00022,941,00016,115,0008,656,0009,963,00011,951,2327,515,29723,802,6537,912,7428,265,901
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities26,545,00026,356,00019,068,00014,247,00018,331,00018,947,00015,522,0009,978,0009,225,0009,314,0006,768,8725,476,8305,170,6215,643,4284,091,312
total current liabilities58,935,00060,134,00047,298,00040,762,00039,572,00044,255,00038,655,00027,257,00018,820,00020,646,00019,136,38213,157,19229,428,98914,411,19112,696,734
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income28,238,00000000000000000
other liabilities0000185,0000000000000
provisions2,356,0001,928,0006,247,00013,164,00000011,412,0000000000
total long term liabilities30,594,0001,928,0006,247,00013,164,0006,391,0005,677,0007,324,00011,412,000000481,0002,887,0002,583,0003,738,000
total liabilities89,529,00062,062,00053,545,00053,926,00045,963,00049,932,00045,979,00038,669,00018,820,00020,646,00019,136,38213,638,19232,315,98916,994,19116,434,734
net assets385,504,00099,033,00087,199,00099,086,000106,578,000110,605,00099,164,000107,469,000107,882,00099,918,00090,589,44682,802,63669,938,70366,969,02364,954,772
total shareholders funds385,504,00099,033,00087,199,00099,086,000106,578,000110,605,00099,164,000107,469,000107,882,00099,918,00090,589,44682,802,63669,938,70366,969,02364,954,772
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit65,373,00059,405,00091,559,00083,182,00070,206,00055,478,00041,797,00022,524,00019,887,00017,652,00015,512,38115,594,5764,586,1922,314,9256,648,438
Depreciation1,785,0001,658,0001,657,0001,428,0001,281,0001,169,0001,103,0001,116,0001,106,0001,103,0001,100,8361,387,7771,490,714978,546839,741
Amortisation000000000000000
Tax-15,927,000-11,831,000-18,215,000-16,100,000-13,523,000-10,633,000-8,095,000-4,996,000-4,108,000-3,893,000-3,651,511-3,798,142-991,048-783,213-1,912,312
Stock17,314,0008,800,00010,708,000-19,246,00018,491,0001,321,0007,727,000-10,860,000-10,728,0002,841,1833,586,7891,029,10813,071,078-4,984,36622,860,208
Debtors3,774,0009,892,000-17,783,00016,001,000-3,651,000-5,675,0008,006,0001,815,000-4,651,00011,732,6045,823,715-3,625,3587,191,1091,541,68821,783,242
Creditors36,000110,000975,00045,0002,0002,000-972,000225,000-430,000952,722251,213-290,650-399,306515,500339,521
Accruals and Deferred Income28,427,0007,288,0004,821,000-4,084,000-616,0003,425,0005,544,000753,000-89,0002,545,1281,292,042306,209-472,8071,552,1164,091,312
Deferred Taxes & Provisions428,000-4,319,000-6,917,00013,164,00000-11,412,00011,412,0000000000
Cash flow from operations59,034,00033,619,00080,955,00080,880,00042,510,00053,795,00012,232,00040,079,00031,745,0003,786,0635,094,45715,796,020-16,048,4428,020,552-34,636,750
Investing Activities
capital expenditure00000-981,000-528,000-509,000-311,000-57,000-156,508-512,51352,976-9,688,739-14,100,530
Change in Investments310,450,00000000000000000
cash flow from investments-310,450,0000000-981,000-528,000-509,000-311,000-57,000-156,508-512,51352,976-9,688,739-14,100,530
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-1,424,0005,438,000740,0005,229,000-4,069,0002,173,0006,826,0007,459,000-1,307,000-1,988,2324,435,935-16,287,35615,889,911-353,1598,265,901
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000-185,000185,0000000000000
share issue271,594,0009,176,0004,901,000-4,502,000-723,0001,607,0003,219,000-10,057,000165,000-1,536,446-1,264,7401,180,820-1,174,530621,77060,590,179
interest431,00084,000-132,000-72,00013,000-11,000-226,000116,00020,000106,00021,329-119,859-63,000-139,231-371,533
cash flow from financing270,601,00014,698,0005,509,000470,000-4,594,0003,769,0009,819,000-2,482,000-1,122,000-3,418,6783,192,524-15,226,39514,652,381129,38068,484,547
cash and cash equivalents
cash-16,900,0002,464,000-3,959,000-1,234,000-22,270,00019,923,000-16,128,00029,088,00022,302,000-2,689,9664,806,472-2,348,888-1,039,085-2,693,4428,310,909
overdraft000000000000000
change in cash-16,900,0002,464,000-3,959,000-1,234,000-22,270,00019,923,000-16,128,00029,088,00022,302,000-2,689,9664,806,472-2,348,888-1,039,085-2,693,4428,310,909

rolex watch company,limited(the) Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Rolex Watch Company,limited(the) Competitor Analysis

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Perform a competitor analysis for rolex watch company,limited(the) by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in SW1Y area or any other competitors across 12 key performance metrics.

rolex watch company,limited(the) Ownership

ROLEX WATCH COMPANY,LIMITED(THE) group structure

Rolex Watch Company,Limited(The) has 4 subsidiary companies.

Ultimate parent company

ROLEX HOLDING SA

#0004869

1 parent

ROLEX WATCH COMPANY,LIMITED(THE)

00142138

4 subsidiaries

ROLEX WATCH COMPANY,LIMITED(THE) Shareholders

rolex holding sa 100%

rolex watch company,limited(the) directors

Rolex Watch Company,Limited(The) currently has 4 directors. The longest serving directors include Mr Richard De Leyser (Jan 2011) and Mr Deon Parker (Jun 2016).

officercountryagestartendrole
Mr Richard De LeyserEngland63 years Jan 2011- Director
Mr Deon ParkerEngland52 years Jun 2016- Director
Mr Marius Davoli57 years Jul 2022- Director
Mr Jean-Frederic Dufour57 years Jul 2022- Director

P&L

December 2023

turnover

685.2m

+13%

operating profit

65.4m

+10%

gross margin

15.4%

-5.63%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

385.5m

+2.89%

total assets

475m

+1.95%

cash

17.6m

-0.49%

net assets

Total assets minus all liabilities

rolex watch company,limited(the) company details

company number

00142138

Type

Private limited with Share Capital

industry

46480 - Wholesale of watches and jewellery

incorporation date

November 1915

age

110

incorporated

UK

ultimate parent company

ROLEX HOLDING SA

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

BDO LLP

address

19 saint jamess square, london, SW1Y 4JE

Bank

BARCLAYS BANK PLC

Legal Advisor

D YOUNG & CO LLP

rolex watch company,limited(the) Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to rolex watch company,limited(the).

rolex watch company,limited(the) Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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rolex watch company,limited(the) Companies House Filings - See Documents

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