watch & passion ltd
watch & passion ltd Company Information
Company Number
09002202
Next Accounts
27 days late
Shareholders
salvatore buonomo
Group Structure
View All
Industry
Retail sale of second-hand goods (other than antiques and antique books) in stores
+1Registered Address
c/o. suite 205, balfour house, 741 high road, london, N12 0BP
Website
watchandpassion.comwatch & passion ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCH & PASSION LTD at £321.3k based on a Turnover of £812.9k and 0.4x industry multiple (adjusted for size and gross margin).
watch & passion ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCH & PASSION LTD at £51.7k based on an EBITDA of £17.3k and a 2.99x industry multiple (adjusted for size and gross margin).
watch & passion ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCH & PASSION LTD at £539.9k based on Net Assets of £205.8k and 2.62x industry multiple (adjusted for liquidity).
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Watch & Passion Ltd Overview
Watch & Passion Ltd is a live company located in london, N12 0BP with a Companies House number of 09002202. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in April 2014, it's largest shareholder is salvatore buonomo with a 100% stake. Watch & Passion Ltd is a established, small sized company, Pomanda has estimated its turnover at £812.9k with rapid growth in recent years.
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Watch & Passion Ltd Health Check
Pomanda's financial health check has awarded Watch & Passion Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £812.9k, make it smaller than the average company (£5.4m)
- Watch & Passion Ltd
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 87%, show it is growing at a faster rate (7.5%)
- Watch & Passion Ltd
7.5% - Industry AVG
Production
with a gross margin of 29.7%, this company has a higher cost of product (59.2%)
- Watch & Passion Ltd
59.2% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (8.4%)
- Watch & Passion Ltd
8.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
1 - Watch & Passion Ltd
18 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has an equivalent pay structure (£27.5k)
- Watch & Passion Ltd
£27.5k - Industry AVG
Efficiency
resulting in sales per employee of £812.9k, this is more efficient (£148.8k)
- Watch & Passion Ltd
£148.8k - Industry AVG
Debtor Days
it gets paid by customers after 166 days, this is later than average (11 days)
- Watch & Passion Ltd
11 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (50 days)
- Watch & Passion Ltd
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Watch & Passion Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Watch & Passion Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.3%, this is a similar level of debt than the average (48%)
44.3% - Watch & Passion Ltd
48% - Industry AVG
WATCH & PASSION LTD financials
Watch & Passion Ltd's latest turnover from April 2023 is estimated at £812.9 thousand and the company has net assets of £205.8 thousand. According to their latest financial statements, Watch & Passion Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,177,024 | 2,153,934 | |||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 60,186 | 39,945 | |||||||
| Tax | -9,127 | -7,207 | |||||||
| Profit After Tax | 51,059 | 32,738 | |||||||
| Dividends Paid | |||||||||
| Retained Profit | 51,059 | 32,738 | |||||||
| Employee Costs | 29,478 | 18,385 | |||||||
| Number Of Employees | 1 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,420 | 7,861 | 13,160 | 18,459 | 3,909 | ||||
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 3,420 | 7,861 | 13,160 | 18,459 | 3,909 | ||||
| Stock & work in progress | 190,000 | 260,000 | 262,000 | 204,413 | 185,220 | 105,886 | 124,387 | ||
| Trade Debtors | 369,730 | 183,682 | |||||||
| Group Debtors | |||||||||
| Misc Debtors | 5,500 | 5,500 | 5,983 | 5,500 | 5,500 | 5,500 | |||
| Cash | 206,361 | 167,396 | 21,950 | 89,924 | 34,625 | 56,395 | 39,535 | ||
| misc current assets | |||||||||
| total current assets | 369,730 | 401,861 | 432,896 | 289,933 | 299,837 | 225,345 | 167,781 | 163,922 | 183,682 |
| total assets | 369,730 | 401,861 | 432,896 | 289,933 | 303,257 | 233,206 | 180,941 | 182,381 | 187,591 |
| Bank overdraft | 40,000 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 73,463 | 2 | 1 | 1 | 1 | 1 | 154,753 | ||
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 42,610 | 226,992 | 96,115 | 161,361 | 141,277 | 123,664 | 128,484 | ||
| total current liabilities | 73,463 | 82,612 | 226,993 | 96,115 | 161,362 | 141,278 | 123,665 | 128,484 | 154,753 |
| loans | 123,333 | ||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 1,133 | ||||||||
| other liabilities | 89,333 | ||||||||
| provisions | |||||||||
| total long term liabilities | 90,466 | 123,333 | |||||||
| total liabilities | 163,929 | 205,945 | 226,993 | 96,115 | 161,362 | 141,278 | 123,665 | 128,484 | 154,753 |
| net assets | 205,801 | 195,916 | 205,903 | 193,818 | 141,895 | 91,928 | 57,276 | 53,897 | 32,838 |
| total shareholders funds | 205,801 | 195,916 | 205,903 | 193,818 | 141,895 | 91,928 | 57,276 | 53,897 | 32,838 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 3,420 | 5,299 | 5,299 | 5,299 | 1,435 | 1,304 | |||
| Amortisation | |||||||||
| Tax | -9,127 | -7,207 | |||||||
| Stock | -190,000 | -70,000 | -2,000 | 57,587 | 19,193 | 79,334 | -18,501 | 124,387 | |
| Debtors | 364,230 | -483 | 483 | 5,500 | -183,682 | 183,682 | |||
| Creditors | 73,461 | 1 | 1 | -1 | 1 | -154,753 | 154,753 | ||
| Accruals and Deferred Income | -41,477 | -184,382 | 130,877 | -65,246 | 20,084 | 17,613 | -4,820 | 128,484 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | -123,333 | 123,333 | |||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | 89,333 | ||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | -30,000 | 100 | |||||||
| cash and cash equivalents | |||||||||
| cash | -206,361 | 38,965 | 145,446 | -67,974 | 55,299 | -21,770 | 16,860 | 39,535 | |
| overdraft | -40,000 | 40,000 | |||||||
| change in cash | -166,361 | -1,035 | 145,446 | -67,974 | 55,299 | -21,770 | 16,860 | 39,535 |
watch & passion ltd Credit Report and Business Information
Watch & Passion Ltd Competitor Analysis
Perform a competitor analysis for watch & passion ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in N12 area or any other competitors across 12 key performance metrics.
watch & passion ltd Ownership
WATCH & PASSION LTD group structure
Watch & Passion Ltd has no subsidiary companies.
Ultimate parent company
WATCH & PASSION LTD
09002202
watch & passion ltd directors
Watch & Passion Ltd currently has 2 directors. The longest serving directors include Mr Salvatore Buonomo (Apr 2014) and Mr Loris Buonomo (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Salvatore Buonomo | England | 60 years | Apr 2014 | - | Director |
| Mr Loris Buonomo | England | 30 years | Sep 2015 | - | Director |
P&L
April 2023turnover
812.9k
+1159%
operating profit
17.3k
0%
gross margin
29.7%
+2.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
205.8k
+0.05%
total assets
369.7k
-0.08%
cash
0
-1%
net assets
Total assets minus all liabilities
watch & passion ltd company details
company number
09002202
Type
Private limited with Share Capital
industry
47799 - Retail sale of second-hand goods (other than antiques and antique books) in stores
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
c/o. suite 205, balfour house, 741 high road, london, N12 0BP
Bank
-
Legal Advisor
-
watch & passion ltd 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 found 1 charges/mortgages relating to watch & passion ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
watch & passion ltd 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.
Click to start generating capital raising & share issue transactions for WATCH & PASSION LTD. This can take several minutes, an email will notify you when this has completed.
watch & passion ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
