the watch lab holdings limited
the watch lab holdings limited Company Information
Company Number
11640971
Next Accounts
Jun 2025
Shareholders
jewel uk watch holdings limited
Group Structure
View All
Industry
Repair of watches, clocks and jewellery
+2Registered Address
timpson house claverton road, roundthorn industrial estate, manchester, M23 9TT
Website
thewatchlab.co.ukthe watch lab holdings limited Estimated Valuation
Pomanda estimates the enterprise value of THE WATCH LAB HOLDINGS LIMITED at £2m based on a Turnover of £5m and 0.41x industry multiple (adjusted for size and gross margin).
the watch lab holdings limited Estimated Valuation
Pomanda estimates the enterprise value of THE WATCH LAB HOLDINGS LIMITED at £3.8m based on an EBITDA of £984.7k and a 3.9x industry multiple (adjusted for size and gross margin).
the watch lab holdings limited Estimated Valuation
Pomanda estimates the enterprise value of THE WATCH LAB HOLDINGS LIMITED at £3.5m based on Net Assets of £1.5m and 2.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Watch Lab Holdings Limited Overview
The Watch Lab Holdings Limited is a live company located in manchester, M23 9TT with a Companies House number of 11640971. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in October 2018, it's largest shareholder is jewel uk watch holdings limited with a 100% stake. The Watch Lab Holdings Limited is a young, mid sized company, Pomanda has estimated its turnover at £5m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
The Watch Lab Holdings Limited Health Check
Pomanda's financial health check has awarded The Watch Lab Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £5m, make it larger than the average company (£3.6m)
£5m - The Watch Lab Holdings Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (17.3%)
- The Watch Lab Holdings Limited
17.3% - Industry AVG
Production
with a gross margin of 51.8%, this company has a lower cost of product (41.7%)
51.8% - The Watch Lab Holdings Limited
41.7% - Industry AVG
Profitability
an operating margin of 18.9% make it more profitable than the average company (2.6%)
18.9% - The Watch Lab Holdings Limited
2.6% - Industry AVG
Employees
with 56 employees, this is above the industry average (10)
56 - The Watch Lab Holdings Limited
10 - Industry AVG
Pay Structure
on an average salary of £25.4k, the company has an equivalent pay structure (£25.4k)
- The Watch Lab Holdings Limited
£25.4k - Industry AVG
Efficiency
resulting in sales per employee of £89.9k, this is less efficient (£156.4k)
£89.9k - The Watch Lab Holdings Limited
£156.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Watch Lab Holdings Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (25 days)
1 days - The Watch Lab Holdings Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (90 days)
14 days - The Watch Lab Holdings Limited
90 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 56 weeks, this is more cash available to meet short term requirements (18 weeks)
56 weeks - The Watch Lab Holdings Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.9%, this is a lower level of debt than the average (91.6%)
45.9% - The Watch Lab Holdings Limited
91.6% - Industry AVG
THE WATCH LAB HOLDINGS LIMITED financials
The Watch Lab Holdings Limited's latest turnover from September 2023 is £5 million and the company has net assets of £1.5 million. According to their latest financial statements, The Watch Lab Holdings Limited has 56 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Oct 2022 | Sep 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Turnover | 5,031,897 | 3,916,783 | 3,319,691 | ||
| Other Income Or Grants | |||||
| Cost Of Sales | 2,427,101 | 1,948,696 | 2,496,833 | ||
| Gross Profit | 2,604,796 | 1,968,087 | 822,858 | ||
| Admin Expenses | 1,655,784 | 1,563,357 | 1,548,659 | ||
| Operating Profit | 949,012 | 404,730 | -725,801 | ||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | 949,012 | 404,730 | -2,938,496 | ||
| Tax | -175,907 | -9,835 | -4,000 | ||
| Profit After Tax | 773,105 | 394,895 | -2,942,496 | ||
| Dividends Paid | |||||
| Retained Profit | 773,105 | 394,895 | -2,942,496 | ||
| Employee Costs | |||||
| Number Of Employees | 56 | 47 | 48 | 87 | 105 |
| EBITDA* | 984,651 | 441,466 | 115,182 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Oct 2022 | Sep 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 389,553 | 74,709 | 66,480 | 572,632 | 632,070 |
| Intangible Assets | 52,200 | 8,008 | 13,066 | 2,552,538 | 2,844,372 |
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 441,753 | 82,717 | 79,546 | 3,125,170 | 3,476,442 |
| Stock & work in progress | 98,709 | 106,747 | 179,557 | 152,928 | 204,715 |
| Trade Debtors | 28,193 | ||||
| Group Debtors | 609,203 | 815,005 | 785,053 | ||
| Misc Debtors | 224,264 | 129,813 | 52,723 | 550,021 | 634,231 |
| Cash | 1,356,100 | 420,412 | 137,512 | 607,976 | 744,697 |
| misc current assets | |||||
| total current assets | 2,288,276 | 1,471,977 | 1,154,845 | 1,339,118 | 1,583,643 |
| total assets | 2,730,029 | 1,554,694 | 1,234,391 | 4,464,288 | 5,060,085 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 7,576 | 11,347 | 3,385 | 268,933 | 598,321 |
| Group/Directors Accounts | 89,996 | 240,568 | |||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 1,145,259 | 579,254 | 661,808 | 693,661 | 244,004 |
| total current liabilities | 1,242,831 | 590,601 | 665,193 | 962,594 | 1,082,893 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 10,000 | 10,000 | 10,000 | ||
| total long term liabilities | 10,000 | 10,000 | 10,000 | ||
| total liabilities | 1,252,831 | 600,601 | 675,193 | 962,594 | 1,082,893 |
| net assets | 1,477,198 | 954,093 | 559,198 | 3,501,694 | 3,977,192 |
| total shareholders funds | 1,477,198 | 954,093 | 559,198 | 3,501,694 | 3,977,192 |
| Sep 2023 | Oct 2022 | Sep 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 949,012 | 404,730 | -725,801 | ||
| Depreciation | 30,581 | 31,678 | 514,206 | 164,416 | 99,063 |
| Amortisation | 5,058 | 5,058 | 326,777 | 300,084 | 122,928 |
| Tax | -175,907 | -9,835 | -4,000 | ||
| Stock | -8,038 | -72,810 | 26,629 | -51,787 | 204,715 |
| Debtors | -111,351 | 107,042 | 259,562 | -56,017 | 634,231 |
| Creditors | -3,771 | 7,962 | -265,548 | -329,388 | 598,321 |
| Accruals and Deferred Income | 566,005 | -82,554 | -31,853 | 449,657 | 244,004 |
| Deferred Taxes & Provisions | 10,000 | ||||
| Cash flow from operations | 1,490,367 | 322,807 | -462,410 | ||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 89,996 | -240,568 | 240,568 | ||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | -160,004 | ||||
| cash and cash equivalents | |||||
| cash | 935,688 | 282,900 | -470,464 | -136,721 | 744,697 |
| overdraft | |||||
| change in cash | 935,688 | 282,900 | -470,464 | -136,721 | 744,697 |
the watch lab holdings limited Credit Report and Business Information
The Watch Lab Holdings Limited Competitor Analysis
Perform a competitor analysis for the watch lab holdings limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in M23 area or any other competitors across 12 key performance metrics.
the watch lab holdings limited Ownership
THE WATCH LAB HOLDINGS LIMITED group structure
The Watch Lab Holdings Limited has no subsidiary companies.
Ultimate parent company
JEWEL HOLDCO SARL
#0081163
2 parents
THE WATCH LAB HOLDINGS LIMITED
11640971
the watch lab holdings limited directors
The Watch Lab Holdings Limited currently has 2 directors. The longest serving directors include Mr Paresh Majithia (Apr 2021) and Mr William Timpson (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paresh Majithia | England | 58 years | Apr 2021 | - | Director |
| Mr William Timpson | 82 years | Jul 2024 | - | Director |
P&L
September 2023turnover
5m
+28%
operating profit
949k
+134%
gross margin
51.8%
+3.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.5m
+0.55%
total assets
2.7m
+0.76%
cash
1.4m
+2.23%
net assets
Total assets minus all liabilities
the watch lab holdings limited company details
company number
11640971
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
95250 - Repair of watches, clocks and jewellery
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
October 2018
age
7
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
timpson house claverton road, roundthorn industrial estate, manchester, M23 9TT
Bank
-
Legal Advisor
-
the watch lab holdings 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 found 2 charges/mortgages relating to the watch lab holdings limited. Currently there are 0 open charges and 2 have been satisfied in the past.
the watch lab holdings limited 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 THE WATCH LAB HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
the watch lab holdings limited Companies House Filings - See Documents
| date | description | view/download |
|---|
