Best Quality Watches Limited

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best quality watches limited Company Information

Company Number

07067258

Next Accounts

Mar 2026

Directors

Spencer Dryer

Shareholders

milstead worldwide llc

spencer dryer

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Group Structure

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Industry

Retail sale of watches and jewellery in specialised stores

Registered Address

74-76 watling street, radlett, WD7 7NP

Website

www.best-quality-watches.co.uk

best quality watches limited Estimated Valuation

£9.7m

Pomanda estimates the enterprise value of BEST QUALITY WATCHES LIMITED at £9.7m based on a Turnover of £23.7m and 0.41x industry multiple (adjusted for size and gross margin).

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Best Quality Watches Limited is a live company located in radlett, WD7 7NP with a Companies House number of 07067258. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in November 2009, it's largest shareholder is milstead worldwide llc with a 50% stake. Best Quality Watches Limited is a established, large sized company, Pomanda has estimated its turnover at £23.7m with high growth in recent years.

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Pomanda's financial health check has awarded Best Quality Watches Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £23.7m, make it larger than the average company (£14m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a similar rate (18.7%)

EXPORT

Best Quality Watches Limited's latest turnover from June 2024 is £23.7 million and the company has net assets of £2.9 million. According to their latest financial statements, Best Quality Watches Limited has 25 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Nov 2010
Turnover	23,734,222	19,871,690	29,192,457	14,141,017	2,357,001	1,890,392	3,584,206	5,413,127	8,431,428	12,519,002	9,671,334	9,207,237	1,142,186	845,650
Other Income Or Grants
Cost Of Sales	20,886,588	17,779,067	26,331,859	12,692,912	1,398,273	1,111,239	2,020,429	3,134,961	4,743,520	7,206,631	5,351,323	5,255,899	586,848	463,972
Gross Profit	2,847,634	2,092,623	2,860,598	1,448,105	958,728	779,153	1,563,777	2,278,166	3,687,908	5,312,370	4,320,011	3,951,338	555,338	381,678
Admin Expenses	2,269,886	1,809,043	2,021,583	945,499	375,389	712,709	1,397,142	3,145,483	3,255,576	5,226,623	4,528,989	2,896,901	337,041	231,293
Operating Profit	577,748	283,580	839,015	502,606	583,339	66,444	166,635	-867,317	432,332	85,747	-208,978	1,054,437	218,297	150,385
Interest Payable	268,058	343,571	456,595	209,339		3	1
Interest Receivable	6,054				201	2,587	2,873	1,616	2,108	1,441	795	698	1,030	618
Pre-Tax Profit	315,744	-59,991	382,420	293,267	583,540	69,028	169,507	-865,701	434,440	87,189	-208,183	1,055,136	219,327	151,003
Tax	-34,238	60,251	-125,896	-33,503	-110,873	-13,115	-32,206		-86,888	-18,310		-253,233	-57,025	-42,281
Profit After Tax	281,506	260	256,524	259,764	472,667	55,913	137,301	-865,701	347,552	68,879	-208,183	801,903	162,302	108,722
Dividends Paid	130,000	130,000	75,833
Retained Profit	151,506	-129,740	180,691	259,764	472,667	55,913	137,301	-865,701	347,552	68,879	-208,183	801,903	162,302	108,722
Employee Costs	849,018	769,919	732,400	380,738	319,736	398,482	365,446	373,808	1,283,935	1,736,089	1,430,224	1,572,000	178,390	177,081
Number Of Employees	25	24	21	16	13	13	15	16	50	68	54	52	7	6
EBITDA*	594,685	323,392	883,459	540,949	609,745	85,938	193,275	-836,959	463,128	115,085	-171,221	1,112,960	225,464	150,385

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Nov 2010
Tangible Assets	1,291,369	1,282,040	147,164	153,373	96,402	29,695	48,081	59,939	60,824	77,253	104,274	106,645	41,131
Intangible Assets	15,622	20,432	25,242	12,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,306,991	1,302,472	172,406	165,373	96,402	29,695	48,081	59,939	60,824	77,253	104,274	106,645	41,131
Stock & work in progress	5,147,309	7,597,215	10,040,698	6,183,976	2,361,271	2,310,249	2,229,639	1,210,811	1,277,687	726,482	1,215,534	603,025	568,025	224,140
Trade Debtors	330,766	537,460	743,443	305,215	250,997	323,476	953,448	1,219,133	1,065,315	1,022,862	825,174	914,363	90,780	88,480
Group Debtors
Misc Debtors	286,495	228,183	55,184	39,159	53,550	134,756	54,712	76,233	30,153		7,531
Cash	1,425,034	1,378,121	543,164	182,256	401,858	363,162	326,608	822,776	470,331	372,690	203,763	114,428	164,807	247,250
misc current assets
total current assets	7,189,604	9,740,979	11,382,489	6,710,606	3,067,676	3,131,643	3,564,407	3,328,953	2,843,486	2,122,034	2,252,002	1,631,816	823,612	559,870
total assets	8,496,595	11,043,451	11,554,895	6,875,979	3,164,078	3,161,338	3,612,488	3,388,892	2,904,310	2,199,287	2,356,276	1,738,461	864,743	559,870
Bank overdraft						37	37
Bank loan	65,779	227,803	225,570	151,250
Trade Creditors	357,413	270,210	30,866	132,531	67,869	83,817	162,223	48,006	204,657	1,265,564	611,432	405,434	233,619	151,048
Group/Directors Accounts
other short term finances	780,000	2,916,800	3,430,000	4,531,275
hp & lease commitments
other current liabilities	256,753	270,408	941,599	653,675	2,623,442	2,468,696	2,897,353	2,925,312	1,418,378
total current liabilities	1,459,945	3,685,221	4,628,035	5,468,731	2,691,311	2,552,550	3,059,613	2,973,318	1,623,035	1,265,564	611,432	405,434	233,619	151,048
loans	4,000,811	4,508,135	3,987,075	673,750
hp & lease commitments
Accruals and Deferred Income
other liabilities											880,000	260,000	360,000	300,000
provisions	99,883	65,645	25,595
total long term liabilities	4,100,694	4,573,780	4,012,670	673,750							880,000	260,000	360,000	300,000
total liabilities	5,560,639	8,259,001	8,640,705	6,142,481	2,691,311	2,552,550	3,059,613	2,973,318	1,623,035	1,265,564	1,491,432	665,434	593,619	451,048
net assets	2,935,956	2,784,450	2,914,190	733,498	472,767	608,788	552,875	415,574	1,281,275	933,723	864,844	1,073,027	271,124	108,822
total shareholders funds	2,935,956	2,784,450	2,914,190	733,498	472,767	608,788	552,875	415,574	1,281,275	933,723	864,844	1,073,027	271,124	108,822

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Nov 2010
Operating Activities
Operating Profit	577,748	283,580	839,015	502,606	583,339	66,444	166,635	-867,317	432,332	85,747	-208,978	1,054,437	218,297	150,385
Depreciation	12,127	35,002	39,634	38,343	26,406	19,494	26,640	30,358	30,796	29,338	37,757	58,523	7,167
Amortisation	4,810	4,810	4,810
Tax	-34,238	60,251	-125,896	-33,503	-110,873	-13,115	-32,206		-86,888	-18,310		-253,233	-57,025	-42,281
Stock	-2,449,906	-2,443,483	3,856,722	3,822,705	2,361,271	80,610	1,018,828	-66,876	551,205	-489,052	612,509	35,000	343,885	224,140
Debtors	-148,382	-32,984	454,253	39,827	304,547	-549,928	-287,206	199,898	72,606	190,157	-81,658	823,583	2,300	88,480
Creditors	87,203	239,344	-101,665	64,662	67,869	-78,406	114,217	-156,651	-1,060,907	654,132	205,998	171,815	82,571	151,048
Accruals and Deferred Income	-13,655	-671,191	287,924	-1,969,767	2,623,442	-428,657	-27,959	1,506,934	1,418,378
Deferred Taxes & Provisions	34,238	40,050	25,595
Cash flow from operations	3,266,521	2,468,313	-3,341,558	-5,260,191	524,365	35,078	-484,295	380,302	109,900	1,049,802	-496,074	172,959	-95,175	-53,468
Investing Activities
capital expenditure	-21,456				-122,808	-1,108	-14,782	-29,473	-14,367	-2,317	-35,386	-124,037	-48,298
Change in Investments
cash flow from investments	-21,456				-122,808	-1,108	-14,782	-29,473	-14,367	-2,317	-35,386	-124,037	-48,298
Financing Activities
Bank loans	-162,024	2,233	74,320	151,250
Group/Directors Accounts
Other Short Term Loans	-2,136,800	-513,200	-1,101,275	4,531,275
Long term loans	-507,324	521,060	3,313,325	673,750
Hire Purchase and Lease Commitments
other long term liabilities										-880,000	620,000	-100,000	60,000	300,000
share issue			2,000,001	967	100									100
interest	-262,004	-343,571	-456,595	-209,339	201	2,584	2,872	1,616	2,108	1,441	795	698	1,030	618
cash flow from financing	-3,068,152	-333,478	3,829,776	5,147,903	301	2,584	2,872	1,616	2,108	-878,559	620,795	-99,302	61,030	300,718
cash and cash equivalents
cash	46,913	834,957	360,908	-219,602	401,858	36,554	-496,168	352,445	97,641	168,927	89,335	-50,379	-82,443	247,250
overdraft							37
change in cash	46,913	834,957	360,908	-219,602	401,858	36,554	-496,205	352,445	97,641	168,927	89,335	-50,379	-82,443	247,250

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 best quality watches limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in WD7 area or any other competitors across 12 key performance metrics.

BEST QUALITY WATCHES LIMITED group structure

Best Quality Watches Limited has no subsidiary companies.

Ultimate parent company

BEST QUALITY WATCHES LIMITED

07067258

BEST QUALITY WATCHES LIMITED Shareholders

milstead worldwide llc	50%
spencer dryer	37.5%
michelle dryer	12.5%

Best Quality Watches Limited currently has 1 director, Mr Spencer Dryer serving since Jan 2013.

officer	country	age	start	end	role
Mr Spencer Dryer		58 years	Jan 2013	-	Director

P&L

June 2024

turnover

23.7m

+19%

operating profit

577.7k

+104%

gross margin

12%

+13.93%

turnover

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

Balance Sheet

June 2024

net assets

2.9m

+0.05%

total assets

8.5m

-0.23%

cash

1.4m

+0.03%

net assets

Total assets minus all liabilities

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company number

07067258

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

74-76 watling street, radlett, WD7 7NP

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best quality watches limited Estimated Valuation

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