the watch exchange limited
the watch exchange limited Company Information
Company Number
09664797
Website
thewatchexchange.co.ukRegistered Address
47 bury new road, prestwich, manchester, lancs, M25 9JY
Industry
Other retail sale not in stores, stalls or markets
Telephone
441617364399
Next Accounts Due
562 days late
Group Structure
View All
Directors
Morris Weiss9 Years
Shareholders
morris weiss 100%
the watch exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE WATCH EXCHANGE LIMITED at £15.9k based on a Turnover of £68.5k and 0.23x industry multiple (adjusted for size and gross margin).
the watch exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE WATCH EXCHANGE LIMITED at £0 based on an EBITDA of £-12.6k and a 2.27x industry multiple (adjusted for size and gross margin).
the watch exchange limited Estimated Valuation
Pomanda estimates the enterprise value of THE WATCH EXCHANGE LIMITED at £0 based on Net Assets of £-11.6k and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Watch Exchange Limited Overview
The Watch Exchange Limited is a live company located in manchester, M25 9JY with a Companies House number of 09664797. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in July 2015, it's largest shareholder is morris weiss with a 100% stake. The Watch Exchange Limited is a young, micro sized company, Pomanda has estimated its turnover at £68.5k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
The Watch Exchange Limited Health Check
Pomanda's financial health check has awarded The Watch Exchange Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
9 Weak
Size
annual sales of £68.5k, make it smaller than the average company (£648.8k)
- The Watch Exchange Limited
£648.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (1.4%)
- The Watch Exchange Limited
1.4% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (31.2%)
- The Watch Exchange Limited
31.2% - Industry AVG
Profitability
an operating margin of -18.4% make it less profitable than the average company (6.4%)
- The Watch Exchange Limited
6.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
1 - The Watch Exchange Limited
9 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)
- The Watch Exchange Limited
£32.7k - Industry AVG
Efficiency
resulting in sales per employee of £68.5k, this is less efficient (£184.5k)
- The Watch Exchange Limited
£184.5k - Industry AVG
Debtor Days
it gets paid by customers after 143 days, this is later than average (43 days)
- The Watch Exchange Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (33 days)
- The Watch Exchange Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Watch Exchange Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Watch Exchange Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 143%, this is a higher level of debt than the average (65.6%)
143% - The Watch Exchange Limited
65.6% - Industry AVG
THE WATCH EXCHANGE LIMITED financials
The Watch Exchange Limited's latest turnover from July 2021 is estimated at £68.5 thousand and the company has net assets of -£11.6 thousand. According to their latest financial statements, The Watch Exchange Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 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 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 73 | 235 | 177 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 73 | 235 | 177 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 27,012 | 38,754 | 25,542 | 24,836 | 4,038 | 2,697 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,012 | 38,754 | 25,542 | 24,836 | 4,038 | 2,697 |
| total assets | 27,012 | 38,827 | 25,777 | 25,013 | 4,038 | 2,697 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,108 | 2,339 | 24,731 | 24,393 | 1,474 | 2,568 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,108 | 2,339 | 24,731 | 24,393 | 1,474 | 2,568 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,026 | 513 | 1,026 | 513 | 513 | 0 |
| other liabilities | 34,487 | 35,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 35,513 | 35,513 | 1,026 | 513 | 513 | 0 |
| total liabilities | 38,621 | 37,852 | 25,757 | 24,906 | 1,987 | 2,568 |
| net assets | -11,609 | 975 | 20 | 107 | 2,051 | 129 |
| total shareholders funds | -11,609 | 975 | 20 | 107 | 2,051 | 129 |
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | ||||
| Amortisation | 0 | 0 | ||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -11,742 | 13,212 | 706 | 20,798 | 1,341 | 2,697 |
| Creditors | 769 | -22,392 | 338 | 22,919 | -1,094 | 2,568 |
| Accruals and Deferred Income | 513 | -513 | 513 | 0 | 513 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -513 | 35,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
the watch exchange limited Credit Report and Business Information
The Watch Exchange Limited Competitor Analysis
Perform a competitor analysis for the watch exchange limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in M25 area or any other competitors across 12 key performance metrics.
the watch exchange limited Ownership
THE WATCH EXCHANGE LIMITED group structure
The Watch Exchange Limited has no subsidiary companies.
Ultimate parent company
THE WATCH EXCHANGE LIMITED
09664797
the watch exchange limited directors
The Watch Exchange Limited currently has 1 director, Mr Morris Weiss serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Morris Weiss | United Kingdom | 33 years | Jul 2015 | - | Director |
P&L
July 2021turnover
68.5k
-31%
operating profit
-12.6k
0%
gross margin
16.9%
-11.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2021net assets
-11.6k
-12.91%
total assets
27k
-0.3%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
the watch exchange limited company details
company number
09664797
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
July 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2021
previous names
N/A
accountant
-
auditor
-
address
47 bury new road, prestwich, manchester, lancs, M25 9JY
Bank
-
Legal Advisor
-
the watch exchange limited 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 the watch exchange limited.
the watch exchange limited Companies House Filings - See Documents
| date | description | view/download |
|---|
