Mdn Watches Ltd

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mdn watches ltd Company Information

Live

EstablishedSmallDeclining

Company Number

08230149

Website

Registered Address

19 the circle, queen elizabeth street, london, SE1 2JE

Industry

Repair of watches, clocks and jewellery

Retail sale of watches and jewellery in specialised stores

Telephone

Next Accounts Due

July 2024

Group Structure

View All

Directors

Matteo Di Napoli11 Years

Shareholders

matteo di napoli 100%

mdn watches ltd Estimated Valuation

£570.1k - £1.1m

The estimated valuation range for mdn watches ltd, derived from financial data as of October 2022 and the most recent industry multiples, is between £570.1k to £1.1m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Mdn Watches Ltd is a live company located in london, SE1 2JE with a Companies House number of 08230149. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in September 2012, it's largest shareholder is matteo di napoli with a 100% stake. Mdn Watches Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Mdn Watches Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £2.8m, make it in line with the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (1.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MDN WATCHES LTD group structure

Mdn Watches Ltd has no subsidiary companies.

Ultimate parent company

MDN WATCHES LTD

08230149

MDN WATCHES LTD Shareholders

matteo di napoli

100%

Mdn Watches Ltd currently has 1 director, Mr Matteo Di Napoli serving since Sep 2012.

officer	country	age	start	end	role
Mr Matteo Di Napoli	England	36 years	Sep 2012	-	Director

EXPORT

Mdn Watches Ltd's latest turnover from October 2022 is estimated at £2.8 million and the company has net assets of £742.7 thousand. According to their latest financial statements, Mdn Watches Ltd has 1 employee and maintains cash reserves of £83.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Turnover	2,815,703	1,429,506	3,422,776	4,607,580	2,455,214	942,512	891,098	261,422	256,720	37,045
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,574,087	652,718	3,130,928	4,433,641	1,395,115	560,941	508,077	132,433	150,785	22,248
Gross Profit	1,241,616	776,788	291,848	173,939	1,060,099	381,570	383,021	128,989	105,935	14,797
Admin Expenses	1,008,857	751,650	162,512	119,531	883,067	355,927	361,638	109,928	77,112	14,021
Operating Profit	232,759	25,138	129,336	54,408	177,032	25,643	21,383	19,061	28,823	776
Interest Payable	3,474	3,000	12,480	11,760	658	609	0	0	0	0
Interest Receivable	1,191	123	0	0	617	62	105	146	62	2
Pre-Tax Profit	230,477	22,260	116,856	42,648	176,991	25,096	21,489	19,208	28,885	778
Tax	-43,791	-4,229	-22,369	-8,760	-33,628	-4,768	-4,298	-3,841	-6,066	-179
Profit After Tax	186,686	18,031	94,487	33,888	143,363	20,328	17,191	15,366	22,819	599
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	186,686	18,031	94,487	33,888	143,363	20,328	17,191	15,366	22,819	599
Employee Costs	21,340	22,894	65,780	41,137	652,035	267,716	75,966	23,510	12,250	12,369
Number Of Employees	1	1	1	1	31	15	7	2	1	1
EBITDA*	232,759	25,138	129,336	57,713	180,094	28,103	22,710	19,998	29,650	1,111

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Tangible Assets	0	0	0	0	3,306	6,368	1,560	2,240	1,573	2,080
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	150,000	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	150,000	0	0	0	3,306	6,368	1,560	2,240	1,573	2,080
Stock & work in progress	640,746	760,316	909,666	1,146,434	325,807	268,600	89,160	56,050	42,350	3,850
Trade Debtors	877,366	715,254	92,850	110,683	545,199	89,489	100,028	0	575	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	3,165	0	0	0	0	0	0	0	0
Cash	83,441	22,406	223,157	94,545	164,369	292	49,469	34,821	23,736	870
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,601,553	1,501,141	1,225,673	1,351,662	1,035,375	358,381	238,657	90,871	66,661	4,720
total assets	1,751,553	1,501,141	1,225,673	1,351,662	1,038,681	364,749	240,217	93,111	68,234	6,800
Bank overdraft	0	1,795	0	0	0	19,494	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	292,735	393,127	144,325	541,241	400,494	0	1	54,326	44,815	6,200
Group/Directors Accounts	99,948	123,534	72,016	40,438	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	580,324	530,078	571,336	476,474	418,520	268,951	184,240	0	0	0
total current liabilities	973,007	1,048,534	787,677	1,058,153	819,014	288,445	184,241	54,326	44,815	6,200
loans	35,833	46,580	50,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	35,833	46,580	50,000	0	0	0	0	0	0	0
total liabilities	1,008,840	1,095,114	837,677	1,058,153	819,014	288,445	184,241	54,326	44,815	6,200
net assets	742,713	406,027	387,996	293,509	219,667	76,304	55,976	38,785	23,419	600
total shareholders funds	742,713	406,027	387,996	293,509	219,667	76,304	55,976	38,785	23,419	600

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Operating Activities
Operating Profit	232,759	25,138	129,336	54,408	177,032	25,643	21,383	19,061	28,823	776
Depreciation	0	0	0	3,305	3,062	2,460	1,327	937	827	335
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-43,791	-4,229	-22,369	-8,760	-33,628	-4,768	-4,298	-3,841	-6,066	-179
Stock	-119,570	-149,350	-236,768	820,627	57,207	179,440	33,110	13,700	38,500	3,850
Debtors	158,947	625,569	-17,833	-434,516	455,710	-10,539	100,028	-575	575	0
Creditors	-100,392	248,802	-396,916	140,747	400,494	-1	-54,325	9,511	38,615	6,200
Accruals and Deferred Income	50,246	-41,258	94,862	57,954	149,569	84,711	184,240	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	99,445	-247,766	59,514	-138,457	183,612	-60,856	15,189	12,543	23,124	3,282
Investing Activities
capital expenditure	0	0	0	1	0	-7,268	-647	-1,604	-320	-2,415
Change in Investments	150,000	0	0	0	0	0	0	0	0	0
cash flow from investments	-150,000	0	0	1	0	-7,268	-647	-1,604	-320	-2,415
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-23,586	51,518	31,578	40,438	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,747	-3,420	50,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	150,000	0	0	39,954	0	0	0	0	0	1
interest	-2,283	-2,877	-12,480	-11,760	-41	-547	105	146	62	2
cash flow from financing	113,384	45,221	69,098	68,632	-41	-547	105	146	62	3
cash and cash equivalents
cash	61,035	-200,751	128,612	-69,824	164,077	-49,177	14,648	11,085	22,866	870
overdraft	-1,795	1,795	0	0	-19,494	19,494	0	0	0	0
change in cash	62,830	-202,546	128,612	-69,824	183,571	-68,671	14,648	11,085	22,866	870

P&L

October 2022

turnover

2.8m

+97%

operating profit

232.8k

gross margin

44.1%

-18.85%

turnover

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

Balance Sheet

October 2022

net assets

742.7k

+0.83%

total assets

1.8m

+0.17%

cash

83.4k

+2.72%

net assets

Total assets minus all liabilities

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company number

08230149

Type

Private limited with Share Capital

industry

95250 - Repair of watches, clocks and jewellery

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

September 2012

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

19 the circle, queen elizabeth street, london, SE1 2JE

last accounts submitted

October 2022

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 mdn watches ltd.

mdn watches ltd Company Information

mdn watches ltd Estimated Valuation

mdn watches ltd Estimated Valuation

mdn watches ltd Estimated Valuation

Mdn Watches Ltd AI Business Plan

Mdn Watches Ltd Overview

Mdn Watches Ltd Health Check

mdn watches ltd Credit Report and Business Information

Mdn Watches Ltd Competitor Analysis

mdn watches ltd Ownership

mdn watches ltd directors

MDN WATCHES LTD financials

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mdn watches ltd Charges & Mortgages

mdn watches ltd Companies House Filings - See Documents