hg watches ltd
hg watches ltd Company Information
Company Number
09491852
Next Accounts
Dec 2025
Shareholders
edward taylor
sammy bensoor
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
28 church road, stanmore, middlesex, HA7 4XR
hg watches ltd Estimated Valuation
Pomanda estimates the enterprise value of HG WATCHES LTD at £337.4k based on a Turnover of £616k and 0.55x industry multiple (adjusted for size and gross margin).
hg watches ltd Estimated Valuation
Pomanda estimates the enterprise value of HG WATCHES LTD at £256.2k based on an EBITDA of £63.9k and a 4.01x industry multiple (adjusted for size and gross margin).
hg watches ltd Estimated Valuation
Pomanda estimates the enterprise value of HG WATCHES LTD at £595.5k based on Net Assets of £279.2k and 2.13x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Hg Watches Ltd Overview
Hg Watches Ltd is a live company located in middlesex, HA7 4XR with a Companies House number of 09491852. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2015, it's largest shareholder is edward taylor with a 50% stake. Hg Watches Ltd is a established, small sized company, Pomanda has estimated its turnover at £616k with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Hg Watches Ltd Health Check
Pomanda's financial health check has awarded Hg Watches Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £616k, make it smaller than the average company (£3.7m)
- Hg Watches Ltd
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.3%)
- Hg Watches Ltd
8.3% - Industry AVG
Production
with a gross margin of 38%, this company has a comparable cost of product (38%)
- Hg Watches Ltd
38% - Industry AVG
Profitability
an operating margin of 8.3% make it more profitable than the average company (5.7%)
- Hg Watches Ltd
5.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (22)
4 - Hg Watches Ltd
22 - Industry AVG
Pay Structure
on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)
- Hg Watches Ltd
£46.5k - Industry AVG
Efficiency
resulting in sales per employee of £154k, this is equally as efficient (£146k)
- Hg Watches Ltd
£146k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (36 days)
- Hg Watches Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is close to average (33 days)
- Hg Watches Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 260 days, this is more than average (28 days)
- Hg Watches Ltd
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (26 weeks)
11 weeks - Hg Watches Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.2%, this is a lower level of debt than the average (58.8%)
46.2% - Hg Watches Ltd
58.8% - Industry AVG
HG WATCHES LTD financials
Hg Watches Ltd's latest turnover from March 2024 is estimated at £616 thousand and the company has net assets of £279.2 thousand. According to their latest financial statements, Hg Watches Ltd has 4 employees and maintains cash reserves of £36.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 71,515 | 84,401 | 94,000 | 10,773 | 8,983 | 10,568 | 11,543 | 13,580 | 15,976 |
| Intangible Assets | 4,500 | 4,500 | |||||||
| Investments & Other | 31,000 | 31,000 | 30,000 | 30,000 | |||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 102,515 | 115,401 | 128,500 | 45,273 | 8,983 | 10,568 | 11,543 | 13,580 | 15,976 |
| Stock & work in progress | 272,800 | 289,600 | 311,500 | 175,615 | 59,200 | 118,090 | 148,870 | 181,520 | 102,000 |
| Trade Debtors | 62,381 | 35,388 | 29,062 | 19,640 | 55,668 | 8,880 | 3,510 | 10,820 | 28,803 |
| Group Debtors | |||||||||
| Misc Debtors | 45,000 | 75,123 | 36,971 | 12,750 | 17,473 | 15,511 | 19,110 | 12,203 | |
| Cash | 36,523 | 49,246 | 103,232 | 55,244 | 59,608 | 41,755 | 22,307 | 17,129 | 56,135 |
| misc current assets | |||||||||
| total current assets | 416,704 | 449,357 | 480,765 | 263,249 | 191,949 | 184,236 | 193,797 | 221,672 | 186,938 |
| total assets | 519,219 | 564,758 | 609,265 | 308,522 | 200,932 | 194,804 | 205,340 | 235,252 | 202,914 |
| Bank overdraft | 10,000 | 32,483 | 47,341 | 2,006 | 10,532 | 14,375 | |||
| Bank loan | |||||||||
| Trade Creditors | 33,283 | 109,293 | 147,566 | 57,408 | 62,905 | 73,163 | 77,367 | 90,059 | 45,594 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | 12,200 | 86,970 | |||||||
| other current liabilities | 109,564 | 94,494 | 142,478 | 70,462 | 65,725 | 58,671 | 71,437 | 96,464 | 117,611 |
| total current liabilities | 165,047 | 323,240 | 337,385 | 127,870 | 128,630 | 131,834 | 150,810 | 197,055 | 177,580 |
| loans | 12,435 | 42,080 | 50,000 | ||||||
| hp & lease commitments | 62,571 | ||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 75,006 | 42,080 | 50,000 | ||||||
| total liabilities | 240,053 | 323,240 | 379,465 | 177,870 | 128,630 | 131,834 | 150,810 | 197,055 | 177,580 |
| net assets | 279,166 | 241,518 | 229,800 | 130,652 | 72,302 | 62,970 | 54,530 | 38,197 | 25,334 |
| total shareholders funds | 279,166 | 241,518 | 229,800 | 130,652 | 72,302 | 62,970 | 54,530 | 38,197 | 25,334 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 12,886 | 14,099 | 16,588 | 1,900 | 1,585 | 1,865 | 2,037 | 2,396 | 2,819 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | -16,800 | -21,900 | 135,885 | 116,415 | -58,890 | -30,780 | -32,650 | 79,520 | 102,000 |
| Debtors | -3,130 | 44,478 | 33,643 | -40,751 | 48,750 | 1,771 | -403 | -5,780 | 28,803 |
| Creditors | -76,010 | -38,273 | 90,158 | -5,497 | -10,258 | -4,204 | -12,692 | 44,465 | 45,594 |
| Accruals and Deferred Income | 15,070 | -47,984 | 72,016 | 4,737 | 7,054 | -12,766 | -25,027 | -21,147 | 117,611 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 1,000 | 30,000 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | 12,435 | -42,080 | -7,920 | 50,000 | |||||
| Hire Purchase and Lease Commitments | -12,199 | 86,970 | |||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -12,723 | -53,986 | 47,988 | -4,364 | 17,853 | 19,448 | 5,178 | -39,006 | 56,135 |
| overdraft | -22,483 | -14,858 | 47,341 | -2,006 | -8,526 | -3,843 | 14,375 | ||
| change in cash | 9,760 | -39,128 | 647 | -4,364 | 17,853 | 21,454 | 13,704 | -35,163 | 41,760 |
hg watches ltd Credit Report and Business Information
Hg Watches Ltd Competitor Analysis
Perform a competitor analysis for hg watches ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HA7 area or any other competitors across 12 key performance metrics.
hg watches ltd Ownership
HG WATCHES LTD group structure
Hg Watches Ltd has no subsidiary companies.
Ultimate parent company
HG WATCHES LTD
09491852
hg watches ltd directors
Hg Watches Ltd currently has 2 directors. The longest serving directors include Mr Edward Taylor (Mar 2015) and Mr Sammy Bensoor (Mar 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Taylor | England | 43 years | Mar 2015 | - | Director |
| Mr Sammy Bensoor | England | 58 years | Mar 2015 | - | Director |
P&L
March 2024turnover
616k
-1%
operating profit
51k
0%
gross margin
38%
-1.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
279.2k
+0.16%
total assets
519.2k
-0.08%
cash
36.5k
-0.26%
net assets
Total assets minus all liabilities
Similar Companies
hg watches ltd company details
company number
09491852
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
PARKER CAVENDISH
auditor
-
address
28 church road, stanmore, middlesex, HA7 4XR
Bank
-
Legal Advisor
-
hg watches 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 hg watches ltd.
hg watches 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 HG WATCHES LTD. This can take several minutes, an email will notify you when this has completed.
hg watches ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
