watches ldn ltd
watches ldn ltd Company Information
Company Number
09254616
Website
-Registered Address
2nd floor, connaught house, 1-3 mount stree, london, W1K 3NB
Industry
Retail sale of watches and jewellery in specialised stores
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Directors
Nicholas Baranga10 Years
Shareholders
nicholas baranga 100%
watches ldn ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCHES LDN LTD at £180.9k based on a Turnover of £459.4k and 0.39x industry multiple (adjusted for size and gross margin).
watches ldn ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCHES LDN LTD at £0 based on an EBITDA of £-54.8k and a 3.31x industry multiple (adjusted for size and gross margin).
watches ldn ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCHES LDN LTD at £1.1m based on Net Assets of £378.4k and 3.02x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Watches Ldn Ltd Overview
Watches Ldn Ltd is a live company located in london, W1K 3NB with a Companies House number of 09254616. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in October 2014, it's largest shareholder is nicholas baranga with a 100% stake. Watches Ldn Ltd is a established, micro sized company, Pomanda has estimated its turnover at £459.4k with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Watches Ldn Ltd Health Check
Pomanda's financial health check has awarded Watches Ldn Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £459.4k, make it smaller than the average company (£10m)
- Watches Ldn Ltd
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (12.2%)
- Watches Ldn Ltd
12.2% - Industry AVG
Production
with a gross margin of 35.8%, this company has a comparable cost of product (35.8%)
- Watches Ldn Ltd
35.8% - Industry AVG
Profitability
an operating margin of -13.9% make it less profitable than the average company (7.9%)
- Watches Ldn Ltd
7.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (23)
1 - Watches Ldn Ltd
23 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Watches Ldn Ltd
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £459.4k, this is more efficient (£211.4k)
- Watches Ldn Ltd
£211.4k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is later than average (14 days)
- Watches Ldn Ltd
14 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (38 days)
- Watches Ldn Ltd
38 days - Industry AVG
Stock Days
it holds stock equivalent to 953 days, this is more than average (181 days)
- Watches Ldn Ltd
181 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (21 weeks)
15 weeks - Watches Ldn Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.8%, this is a higher level of debt than the average (45.8%)
62.8% - Watches Ldn Ltd
45.8% - Industry AVG
WATCHES LDN LTD financials
Watches Ldn Ltd's latest turnover from September 2023 is estimated at £459.4 thousand and the company has net assets of £378.4 thousand. According to their latest financial statements, Watches Ldn Ltd has 1 employee and maintains cash reserves of £180 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 3,596,950 | |||||||
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 3,192,622 | |||||||
| Gross Profit | 404,328 | |||||||
| Admin Expenses | 48,436 | |||||||
| Operating Profit | 355,892 | |||||||
| Interest Payable | 729 | |||||||
| Interest Receivable | 0 | |||||||
| Pre-Tax Profit | 355,163 | |||||||
| Tax | -67,649 | |||||||
| Profit After Tax | 287,514 | |||||||
| Dividends Paid | 0 | |||||||
| Retained Profit | 287,514 | |||||||
| Employee Costs | ||||||||
| Number Of Employees | 1 | 2 | ||||||
| EBITDA* | 356,127 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,921 | 29,081 | 941 | 1,176 | 1,470 | 1,838 | 2,298 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,921 | 29,081 | 941 | 1,176 | 1,470 | 1,838 | 2,298 | 0 |
| Stock & work in progress | 769,785 | 1,051,250 | 612,500 | 454,747 | 150,080 | 0 | 0 | 15,240 |
| Trade Debtors | 30,000 | 0 | 82,600 | 0 | 0 | 182,069 | 143,446 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 13,517 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 180,010 | 712,819 | 166,498 | 36,013 | 47,789 | 0 | 0 | 51,972 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 993,312 | 1,770,069 | 861,598 | 490,760 | 197,869 | 182,069 | 143,446 | 67,212 |
| total assets | 1,017,233 | 1,799,150 | 862,539 | 491,936 | 199,339 | 183,907 | 145,744 | 67,212 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,015 | 9,767 | 5,517 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,000 | 3,600 | 0 | 0 | 0 | 177,260 | 125,101 | 49,934 |
| Group/Directors Accounts | 0 | 0 | 0 | 147,622 | 167,637 | 0 | 0 | 0 |
| other short term finances | 49,942 | 468,850 | 246,600 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 547,944 | 834,572 | 254,330 | 28,919 | 16,829 | 0 | 0 | 0 |
| total current liabilities | 618,901 | 1,316,789 | 506,447 | 176,541 | 184,466 | 177,260 | 125,101 | 49,934 |
| loans | 19,908 | 29,922 | 44,483 | 255,300 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 19,908 | 29,922 | 44,483 | 255,300 | 0 | 0 | 0 | 0 |
| total liabilities | 638,809 | 1,346,711 | 550,930 | 431,841 | 184,466 | 177,260 | 125,101 | 49,934 |
| net assets | 378,424 | 452,439 | 311,609 | 60,095 | 14,873 | 6,647 | 20,643 | 17,278 |
| total shareholders funds | 378,424 | 452,439 | 311,609 | 60,095 | 14,873 | 6,647 | 20,643 | 17,278 |
| Sep 2023 | Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 355,892 | |||||||
| Depreciation | 9,218 | 5,805 | 235 | 294 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||
| Tax | -67,649 | |||||||
| Stock | -281,465 | 438,750 | 157,753 | 304,667 | 150,080 | 0 | -15,240 | 15,240 |
| Debtors | 37,517 | -76,600 | 82,600 | 0 | -182,069 | 38,623 | 143,446 | 0 |
| Creditors | 7,400 | 3,600 | 0 | 0 | -177,260 | 52,159 | 75,167 | 49,934 |
| Accruals and Deferred Income | -286,628 | 580,242 | 225,411 | 12,090 | 16,829 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 273,536 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 248 | 4,250 | 5,517 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -147,622 | -20,015 | 167,637 | 0 | 0 | 0 |
| Other Short Term Loans | -418,908 | 222,250 | 246,600 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,014 | -14,561 | -210,817 | 255,300 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -729 | |||||||
| cash flow from financing | -143,051 | |||||||
| cash and cash equivalents | ||||||||
| cash | -532,809 | 546,321 | 130,485 | -11,776 | 47,789 | 0 | -51,972 | 51,972 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -532,809 | 546,321 | 130,485 | -11,776 | 47,789 | 0 | -51,972 | 51,972 |
watches ldn ltd Credit Report and Business Information
Watches Ldn Ltd Competitor Analysis
Perform a competitor analysis for watches ldn ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in W1K area or any other competitors across 12 key performance metrics.
watches ldn ltd Ownership
WATCHES LDN LTD group structure
Watches Ldn Ltd has no subsidiary companies.
Ultimate parent company
WATCHES LDN LTD
09254616
watches ldn ltd directors
Watches Ldn Ltd currently has 1 director, Mr Nicholas Baranga serving since Oct 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Baranga | United Kingdom | 35 years | Oct 2014 | - | Director |
P&L
September 2023turnover
459.4k
-13%
operating profit
-64k
0%
gross margin
35.9%
+4.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
378.4k
-0.16%
total assets
1m
-0.43%
cash
180k
-0.75%
net assets
Total assets minus all liabilities
Similar Companies
watches ldn ltd company details
company number
09254616
Type
Private limited with Share Capital
industry
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
2nd floor, connaught house, 1-3 mount stree, london, W1K 3NB
Bank
-
Legal Advisor
-
watches ldn 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 did not find charges/mortgages relating to watches ldn ltd.
watches ldn ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
