ninety watches and jewellery limited
ninety watches and jewellery limited Company Information
Company Number
12630305
Next Accounts
Sep 2025
Directors
Shareholders
redgrave luxury limited
Group Structure
View All
Industry
Retail sale of watches and jewellery in specialised stores
Registered Address
90 mount street, london, W1K 2ST
Website
-ninety watches and jewellery limited Estimated Valuation
Pomanda estimates the enterprise value of NINETY WATCHES AND JEWELLERY LIMITED at £6.8m based on a Turnover of £15.2m and 0.45x industry multiple (adjusted for size and gross margin).
ninety watches and jewellery limited Estimated Valuation
Pomanda estimates the enterprise value of NINETY WATCHES AND JEWELLERY LIMITED at £5.7m based on an EBITDA of £1.4m and a 3.96x industry multiple (adjusted for size and gross margin).
ninety watches and jewellery limited Estimated Valuation
Pomanda estimates the enterprise value of NINETY WATCHES AND JEWELLERY LIMITED at £16.8m based on Net Assets of £6.5m and 2.57x industry multiple (adjusted for liquidity).
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Ninety Watches And Jewellery Limited Overview
Ninety Watches And Jewellery Limited is a live company located in london, W1K 2ST with a Companies House number of 12630305. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in May 2020, it's largest shareholder is redgrave luxury limited with a 100% stake. Ninety Watches And Jewellery Limited is a young, mid sized company, Pomanda has estimated its turnover at £15.2m with rapid growth in recent years.
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Ninety Watches And Jewellery Limited Health Check
Pomanda's financial health check has awarded Ninety Watches And Jewellery Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £15.2m, make it in line with the average company (£14.3m)
£15.2m - Ninety Watches And Jewellery Limited
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 302%, show it is growing at a faster rate (14.5%)
- Ninety Watches And Jewellery Limited
14.5% - Industry AVG
Production
with a gross margin of 24.7%, this company has a higher cost of product (35.8%)
24.7% - Ninety Watches And Jewellery Limited
35.8% - Industry AVG
Profitability
an operating margin of 7.6% make it as profitable than the average company (7.5%)
7.6% - Ninety Watches And Jewellery Limited
7.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (30)
5 - Ninety Watches And Jewellery Limited
30 - Industry AVG
Pay Structure
on an average salary of £78k, the company has a higher pay structure (£41.2k)
£78k - Ninety Watches And Jewellery Limited
£41.2k - Industry AVG
Efficiency
resulting in sales per employee of £3m, this is more efficient (£304.5k)
£3m - Ninety Watches And Jewellery Limited
£304.5k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (15 days)
10 days - Ninety Watches And Jewellery Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (36 days)
56 days - Ninety Watches And Jewellery Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 596 days, this is more than average (188 days)
596 days - Ninety Watches And Jewellery Limited
188 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (18 weeks)
10 weeks - Ninety Watches And Jewellery Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.4%, this is a higher level of debt than the average (60.2%)
74.4% - Ninety Watches And Jewellery Limited
60.2% - Industry AVG
NINETY WATCHES AND JEWELLERY LIMITED financials
Ninety Watches And Jewellery Limited's latest turnover from December 2023 is £15.2 million and the company has net assets of £6.5 million. According to their latest financial statements, Ninety Watches And Jewellery Limited has 5 employees and maintains cash reserves of £3.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 15,181,867 | 26,425,561 | ||
| Other Income Or Grants | ||||
| Cost Of Sales | 11,426,911 | 18,478,506 | ||
| Gross Profit | 3,754,956 | 7,947,055 | ||
| Admin Expenses | 2,595,793 | 2,952,582 | ||
| Operating Profit | 1,159,163 | 4,994,473 | ||
| Interest Payable | 1,365 | |||
| Interest Receivable | ||||
| Pre-Tax Profit | 1,159,163 | 4,993,108 | ||
| Tax | -317,446 | -1,030,445 | ||
| Profit After Tax | 841,717 | 3,962,663 | ||
| Dividends Paid | ||||
| Retained Profit | 841,717 | 3,962,663 | ||
| Employee Costs | 389,767 | 338,195 | ||
| Number Of Employees | 5 | 3 | 3 | 3 |
| EBITDA* | 1,436,143 | 5,166,359 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 562,618 | 271,439 | 376,609 | 326,260 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 562,618 | 271,439 | 376,609 | 326,260 |
| Stock & work in progress | 18,676,435 | 14,323,835 | 4,995,884 | 1,077,684 |
| Trade Debtors | 434,408 | 74,950 | 27,717 | |
| Group Debtors | 1,162,158 | 330,834 | ||
| Misc Debtors | 2,187,014 | 1,572,749 | 711,335 | 288,171 |
| Cash | 3,648,170 | 1,879,675 | 4,931,404 | 1,744,177 |
| misc current assets | ||||
| total current assets | 24,946,027 | 17,851,209 | 11,800,781 | 3,468,583 |
| total assets | 25,508,645 | 18,122,648 | 12,177,390 | 3,794,843 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 1,765,548 | 559,042 | 1,139,018 | 13,226 |
| Group/Directors Accounts | 16,377,458 | 10,860,292 | 8,442,453 | 3,160,276 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 764,033 | 1,089,907 | 1,028,531 | 81,638 |
| total current liabilities | 18,907,039 | 12,509,241 | 10,610,002 | 3,255,140 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 61,989 | 61,989 | 61,989 | 61,989 |
| total long term liabilities | 61,989 | 61,989 | 61,989 | 61,989 |
| total liabilities | 18,969,028 | 12,571,230 | 10,671,991 | 3,317,129 |
| net assets | 6,539,617 | 5,551,418 | 1,505,399 | 477,714 |
| total shareholders funds | 6,539,617 | 5,551,418 | 1,505,399 | 477,714 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 1,159,163 | 4,994,473 | ||
| Depreciation | 276,980 | 171,886 | 157,114 | 8,782 |
| Amortisation | ||||
| Tax | -317,446 | -1,030,445 | ||
| Stock | 4,352,600 | 9,327,951 | 3,918,200 | 1,077,684 |
| Debtors | 973,723 | -225,794 | 1,226,771 | 646,722 |
| Creditors | 1,206,506 | -579,976 | 1,125,792 | 13,226 |
| Accruals and Deferred Income | -325,874 | 61,376 | 946,893 | 81,638 |
| Deferred Taxes & Provisions | 61,989 | |||
| Cash flow from operations | -3,326,994 | -5,484,843 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 5,517,166 | 2,417,839 | 5,282,177 | 3,160,276 |
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -1,365 | |||
| cash flow from financing | 5,663,648 | 2,499,830 | ||
| cash and cash equivalents | ||||
| cash | 1,768,495 | -3,051,729 | 3,187,227 | 1,744,177 |
| overdraft | ||||
| change in cash | 1,768,495 | -3,051,729 | 3,187,227 | 1,744,177 |
ninety watches and jewellery limited Credit Report and Business Information
Ninety Watches And Jewellery Limited Competitor Analysis
Perform a competitor analysis for ninety watches and jewellery 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 W1K area or any other competitors across 12 key performance metrics.
ninety watches and jewellery limited Ownership
NINETY WATCHES AND JEWELLERY LIMITED group structure
Ninety Watches And Jewellery Limited has no subsidiary companies.
Ultimate parent company
1 parent
NINETY WATCHES AND JEWELLERY LIMITED
12630305
ninety watches and jewellery limited directors
Ninety Watches And Jewellery Limited currently has 1 director, Ms Tilly Harrison serving since May 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Tilly Harrison | United Kingdom | 32 years | May 2020 | - | Director |
P&L
December 2023turnover
15.2m
-43%
operating profit
1.2m
-77%
gross margin
24.8%
-17.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.5m
+0.18%
total assets
25.5m
+0.41%
cash
3.6m
+0.94%
net assets
Total assets minus all liabilities
Similar Companies
ninety watches and jewellery limited company details
company number
12630305
Type
Private limited with Share Capital
industry
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
May 2020
age
5
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
90 mount street, london, W1K 2ST
Bank
-
Legal Advisor
-
ninety watches and jewellery 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 ninety watches and jewellery limited.
ninety watches and jewellery 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.
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ninety watches and jewellery limited Companies House Filings - See Documents
| date | description | view/download |
|---|
