The Watchbase (uk) Ltd

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the watchbase (uk) ltd Company Information

Live

MatureSmallDeclining

Company Number

05181768

Website

Registered Address

249 cranbrook road, ilford, essex, IG1 4TG

Industry

Other business support service activities n.e.c.

Telephone

Next Accounts Due

April 2025

Group Structure

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Directors

Kevin Reynolds13 Years

Shareholders

kevin reynolds 50%

susan reynolds 50%

the watchbase (uk) ltd Estimated Valuation

£384.5k

Pomanda estimates the enterprise value of THE WATCHBASE (UK) LTD at £384.5k based on a Turnover of £688k and 0.56x industry multiple (adjusted for size and gross margin).

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The Watchbase (uk) Ltd is a live company located in essex, IG1 4TG with a Companies House number of 05181768. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2004, it's largest shareholder is kevin reynolds with a 50% stake. The Watchbase (uk) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £688k with declining growth in recent years.

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Pomanda's financial health check has awarded The Watchbase (Uk) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £688k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (4.9%)

EXPORT

The Watchbase (Uk) Ltd's latest turnover from July 2023 is estimated at £688 thousand and the company has net assets of £42.2 thousand. According to their latest financial statements, The Watchbase (Uk) Ltd has 2 employees and maintains cash reserves of £35.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Turnover	687,988	718,810	1,175,003	1,375,332	606,185	1,755,581	1,512,863	548,166	489,785	124,908	95,100	56,975	46,031
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	430,146	444,179	745,353	852,179	379,084	1,096,302	934,340	338,454	309,365	80,365	61,239	35,695	28,116
Gross Profit	257,842	274,631	429,650	523,154	227,101	659,280	578,523	209,712	180,421	44,542	33,861	21,280	17,915
Admin Expenses	322,560	328,792	437,511	466,865	252,425	576,140	458,935	218,277	174,494	32,366	32,445	23,066	15,094
Operating Profit	-64,718	-54,161	-7,861	56,289	-25,324	83,140	119,588	-8,565	5,927	12,176	1,416	-1,786	2,821
Interest Payable	6,799	4,739	3,285	2,694	3,600	3,107	1,477	651	0	0	0	0	0
Interest Receivable	1,675	199	109	109	0	0	0	1	29	43	26	34	22
Pre-Tax Profit	-69,842	-58,701	-11,036	53,704	-28,924	80,033	118,111	-9,215	5,956	12,219	1,443	-1,752	2,843
Tax	0	0	0	-10,204	0	-15,206	-22,441	0	-1,191	-2,566	-332	0	-739
Profit After Tax	-69,842	-58,701	-11,036	43,500	-28,924	64,827	95,670	-9,215	4,765	9,653	1,111	-1,752	2,104
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-69,842	-58,701	-11,036	43,500	-28,924	64,827	95,670	-9,215	4,765	9,653	1,111	-1,752	2,104
Employee Costs	94,622	134,302	127,478	82,867	82,519	78,334	75,724	189,831	149,983	37,618	36,880	36,758	35,877
Number Of Employees	2	3	3	2	2	2	2	5	4	1	1	1	1
EBITDA*	-63,902	-53,149	-7,497	56,712	-24,882	85,657	122,785	-4,654	6,575	13,040	1,561	-1,592	2,821

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Tangible Assets	2,449	3,037	1,093	1,270	1,328	7,550	9,593	11,734	1,945	2,593	437	582	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,449	3,037	1,093	1,270	1,328	7,550	9,593	11,734	1,945	2,593	437	582	0
Stock & work in progress	286,000	353,000	426,000	385,000	320,000	284,000	198,000	165,800	56,300	12,200	6,500	7,000	7,500
Trade Debtors	32,909	26,798	127,689	123,690	31,634	366,288	327,972	54,460	47,315	10,506	8,605	3,373	1,422
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,195	3,446	3,224	1,574	3,709	2,302	7,090	0	0	0	0	0	0
Cash	35,100	31,900	0	218,786	0	6	6	273	6	11,587	5,623	4,938	8,809
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	357,204	415,144	556,913	729,050	355,343	652,596	533,068	220,533	103,621	34,293	20,728	15,311	17,731
total assets	359,653	418,181	558,006	730,320	356,671	660,146	542,661	232,267	105,566	36,886	21,165	15,893	17,731
Bank overdraft	31,482	44,151	19,261	0	38,338	68,342	27,255	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	20,017	0	0	0	0	0
Trade Creditors	187,581	194,977	258,469	350,039	134,545	212,419	179,490	67,351	89,683	25,768	19,700	15,539	15,625
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	2,155	3,233	3,233	0	0	0	0	0
other current liabilities	79,328	38,162	71,138	148,540	45,547	210,065	228,190	129,609	0	0	0	0	0
total current liabilities	298,391	277,290	348,868	498,579	218,430	492,981	438,168	220,210	89,683	25,768	19,700	15,539	15,625
loans	19,100	28,887	38,433	50,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	2,155	5,389	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	19,100	28,887	38,433	50,000	0	0	2,155	5,389	0	0	0	0	0
total liabilities	317,491	306,177	387,301	548,579	218,430	492,981	440,323	225,599	89,683	25,768	19,700	15,539	15,625
net assets	42,162	112,004	170,705	181,741	138,241	167,165	102,338	6,668	15,883	11,118	1,465	354	2,106
total shareholders funds	42,162	112,004	170,705	181,741	138,241	167,165	102,338	6,668	15,883	11,118	1,465	354	2,106

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-64,718	-54,161	-7,861	56,289	-25,324	83,140	119,588	-8,565	5,927	12,176	1,416	-1,786	2,821	0	0
Depreciation	816	1,012	364	423	442	2,517	3,197	3,911	648	864	145	194	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-10,204	0	-15,206	-22,441	0	-1,191	-2,566	-332	0	-739	0	0
Stock	-67,000	-73,000	41,000	65,000	36,000	86,000	32,200	109,500	44,100	5,700	-500	-500	7,500	0	0
Debtors	5,860	-100,669	5,649	89,921	-333,247	33,528	280,602	7,145	36,809	1,901	5,232	1,951	1,422	0	0
Creditors	-7,396	-63,492	-91,570	215,494	-77,874	32,929	112,139	-22,332	63,915	6,068	4,161	-86	15,625	0	0
Accruals and Deferred Income	41,166	-32,976	-77,402	102,993	-164,518	-18,125	98,581	129,609	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	31,008	24,052	-223,118	210,074	29,973	-34,273	-1,738	-14,022	-11,610	8,941	658	-3,129	8,785	0	0
Investing Activities
capital expenditure	-228	-2,956	-187	-365	5,780	-474	-1,056	-13,700	0	-3,020	0	-776	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-228	-2,956	-187	-365	5,780	-474	-1,056	-13,700	0	-3,020	0	-776	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	-20,017	20,017	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,787	-9,546	-11,567	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-2,155	-3,233	-3,234	8,622	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	2	0	0
interest	-5,124	-4,540	-3,176	-2,585	-3,600	-3,107	-1,477	-650	29	43	26	34	22	0	0
cash flow from financing	-14,911	-14,086	-14,743	47,415	-5,755	-6,340	-24,728	27,989	29	43	26	34	24	0	0
cash and cash equivalents
cash	3,200	31,900	-218,786	218,786	-6	0	-267	267	-11,581	5,964	685	-3,871	8,809	0	0
overdraft	-12,669	24,890	19,261	-38,338	-30,004	41,087	27,255	0	0	0	0	0	0	0	0
change in cash	15,869	7,010	-238,047	257,124	29,998	-41,087	-27,522	267	-11,581	5,964	685	-3,871	8,809	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for the watchbase (uk) ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in IG1 area or any other competitors across 12 key performance metrics.

THE WATCHBASE (UK) LTD group structure

The Watchbase (Uk) Ltd has no subsidiary companies.

Ultimate parent company

THE WATCHBASE (UK) LTD

05181768

THE WATCHBASE (UK) LTD Shareholders

kevin reynolds	50%
susan reynolds	50%

The Watchbase (Uk) Ltd currently has 1 director, Mr Kevin Reynolds serving since Oct 2010.

officer	country	age	start	end	role
Mr Kevin Reynolds		68 years	Oct 2010	-	Director

P&L

July 2023

turnover

688k

-4%

operating profit

-64.7k

gross margin

37.5%

-1.91%

turnover

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

Balance Sheet

July 2023

net assets

42.2k

-0.62%

total assets

359.7k

-0.14%

cash

35.1k

+0.1%

net assets

Total assets minus all liabilities

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company number

05181768

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

jacques farel (uk) limited (March 2013)

last accounts submitted

July 2023

address

249 cranbrook road, ilford, essex, IG1 4TG

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.

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the watchbase (uk) ltd Company Information

the watchbase (uk) ltd Estimated Valuation

the watchbase (uk) ltd Estimated Valuation

the watchbase (uk) ltd Estimated Valuation

The Watchbase (uk) Ltd Overview

The Watchbase (uk) Ltd Health Check

THE WATCHBASE (UK) LTD financials

the watchbase (uk) ltd Credit Report and Business Information

The Watchbase (uk) Ltd Competitor Analysis

the watchbase (uk) ltd Ownership

the watchbase (uk) ltd directors

the watchbase (uk) ltd company details

the watchbase (uk) ltd Charges & Mortgages

the watchbase (uk) ltd Companies House Filings - See Documents