watchtrades ltd
watchtrades ltd Company Information
Company Number
10066768
Next Accounts
Aug 2026
Shareholders
andrew newton
simon mccormack
Group Structure
View All
Industry
Retail sale of watches and jewellery in specialised stores
Registered Address
90 high road, byfleet, surrey, KT14 7QT
Website
www.watchtrades.co.ukwatchtrades ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCHTRADES LTD at £846 based on a Turnover of £2.3k and 0.37x industry multiple (adjusted for size and gross margin).
watchtrades ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCHTRADES LTD at £0 based on an EBITDA of £-3.4k and a 2.99x industry multiple (adjusted for size and gross margin).
watchtrades ltd Estimated Valuation
Pomanda estimates the enterprise value of WATCHTRADES LTD at £23 based on Net Assets of £9 and 2.57x industry multiple (adjusted for liquidity).
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Watchtrades Ltd Overview
Watchtrades Ltd is a live company located in surrey, KT14 7QT with a Companies House number of 10066768. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in March 2016, it's largest shareholder is andrew newton with a 50% stake. Watchtrades Ltd is a young, micro sized company, Pomanda has estimated its turnover at £2.3k with declining growth in recent years.
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Watchtrades Ltd Health Check
Pomanda's financial health check has awarded Watchtrades Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
7 Weak
Size
annual sales of £22.7k, make it smaller than the average company (£12.5m)
- Watchtrades Ltd
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a similar rate (16.7%)
- Watchtrades Ltd
16.7% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (36.1%)
- Watchtrades Ltd
36.1% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (7.6%)
- Watchtrades Ltd
7.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (32)
- Watchtrades Ltd
32 - Industry AVG
Pay Structure
on an average salary of £40k, the company has an equivalent pay structure (£40k)
- Watchtrades Ltd
£40k - Industry AVG
Efficiency
resulting in sales per employee of £22.7k, this is less efficient (£260.8k)
- Watchtrades Ltd
£260.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Watchtrades Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Watchtrades Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 722 days, this is more than average (208 days)
- Watchtrades Ltd
208 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Watchtrades Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (51%)
91.2% - Watchtrades Ltd
51% - Industry AVG
WATCHTRADES LTD financials
Watchtrades Ltd's latest turnover from November 2024 is estimated at £2.3 thousand and the company has net assets of £9. According to their latest financial statements, we estimate that Watchtrades Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 31,600 | 31,600 | 75,150 | 54,000 | 28,150 | 84,963 | 60,466 | 15,650 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 614 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 380 | 241 | 247 | 0 | 0 | 0 | 0 | 3,121 |
| Cash | 0 | 195 | 208 | 425 | 790 | 168 | 502 | 207 | 7,238 |
| misc current assets | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 614 | 32,175 | 32,049 | 75,823 | 54,790 | 28,318 | 85,465 | 60,673 | 26,009 |
| total assets | 614 | 32,175 | 32,049 | 75,823 | 54,790 | 28,318 | 85,465 | 60,673 | 26,009 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 605 | 0 | 0 | 22 | 18 | 4 | 13 | 0 | 0 |
| Group/Directors Accounts | 0 | 28,767 | 21,287 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 582 | 7,342 | 62,413 | 40,331 | 15,944 | 77,542 | 56,994 | 23,672 |
| total current liabilities | 605 | 29,349 | 28,629 | 62,435 | 40,349 | 15,948 | 77,555 | 56,994 | 23,672 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 605 | 29,349 | 28,629 | 62,435 | 40,349 | 15,948 | 77,555 | 56,994 | 23,672 |
| net assets | 9 | 2,826 | 3,420 | 13,388 | 14,441 | 12,370 | 7,910 | 3,679 | 2,337 |
| total shareholders funds | 9 | 2,826 | 3,420 | 13,388 | 14,441 | 12,370 | 7,910 | 3,679 | 2,337 |
| Nov 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -31,600 | 0 | -43,550 | 21,150 | 25,850 | -56,813 | 24,497 | 44,816 | 15,650 |
| Debtors | 373 | 139 | -6 | 247 | 0 | 0 | 0 | -3,121 | 3,121 |
| Creditors | 605 | 0 | -22 | 4 | 14 | -9 | 13 | 0 | 0 |
| Accruals and Deferred Income | -7,342 | -6,760 | -55,071 | 22,082 | 24,387 | -61,598 | 20,548 | 33,322 | 23,672 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -21,287 | 7,480 | 21,287 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -208 | -13 | -217 | -365 | 622 | -334 | 295 | -7,031 | 7,238 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -208 | -13 | -217 | -365 | 622 | -334 | 295 | -7,031 | 7,238 |
watchtrades ltd Credit Report and Business Information
Watchtrades Ltd Competitor Analysis
Perform a competitor analysis for watchtrades 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 KT14 area or any other competitors across 12 key performance metrics.
watchtrades ltd Ownership
WATCHTRADES LTD group structure
Watchtrades Ltd has no subsidiary companies.
Ultimate parent company
WATCHTRADES LTD
10066768
watchtrades ltd directors
Watchtrades Ltd currently has 2 directors. The longest serving directors include Mr Simon McCormack (Mar 2016) and Mr Andrew Newton (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon McCormack | United Kingdom | 46 years | Mar 2016 | - | Director |
| Mr Andrew Newton | England | 40 years | Mar 2016 | - | Director |
P&L
November 2024turnover
2.3k
-90%
operating profit
-3.4k
0%
gross margin
29.9%
+1.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2024net assets
9
-1%
total assets
614
-0.98%
cash
0
-1%
net assets
Total assets minus all liabilities
watchtrades ltd company details
company number
10066768
Type
Private limited with Share Capital
industry
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
November 2024
previous names
N/A
accountant
-
auditor
-
address
90 high road, byfleet, surrey, KT14 7QT
Bank
-
Legal Advisor
-
watchtrades 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 watchtrades ltd.
watchtrades 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 WATCHTRADES LTD. This can take several minutes, an email will notify you when this has completed.
watchtrades ltd Companies House Filings - See Documents
| date | description | view/download |
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