the vintage watch company (holdings) ltd

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the vintage watch company (holdings) ltd Company Information

Share THE VINTAGE WATCH COMPANY (HOLDINGS) LTD

Company Number

12929168

Shareholders

john stephen silverman

david james silverman

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Group Structure

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Industry

Retail sale of watches and jewellery in specialised stores

 

Registered Address

35 ballards lane, london, N3 1XW

Website

-

the vintage watch company (holdings) ltd Estimated Valuation

£850.5k

Pomanda estimates the enterprise value of THE VINTAGE WATCH COMPANY (HOLDINGS) LTD at £850.5k based on a Turnover of £2m and 0.42x industry multiple (adjusted for size and gross margin).

the vintage watch company (holdings) ltd Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of THE VINTAGE WATCH COMPANY (HOLDINGS) LTD at £3.2m based on an EBITDA of £935.4k and a 3.47x industry multiple (adjusted for size and gross margin).

the vintage watch company (holdings) ltd Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of THE VINTAGE WATCH COMPANY (HOLDINGS) LTD at £5.2m based on Net Assets of £2m and 2.57x industry multiple (adjusted for liquidity).

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The Vintage Watch Company (holdings) Ltd Overview

The Vintage Watch Company (holdings) Ltd is a live company located in london, N3 1XW with a Companies House number of 12929168. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in October 2020, it's largest shareholder is john stephen silverman with a 60% stake. The Vintage Watch Company (holdings) Ltd is a young, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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The Vintage Watch Company (holdings) Ltd Health Check

Pomanda's financial health check has awarded The Vintage Watch Company (Holdings) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £2m, make it smaller than the average company (£13.3m)

£2m - The Vintage Watch Company (holdings) Ltd

£13.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a slower rate (18.6%)

11% - The Vintage Watch Company (holdings) Ltd

18.6% - Industry AVG

production

Production

with a gross margin of 37%, this company has a comparable cost of product (37%)

37% - The Vintage Watch Company (holdings) Ltd

37% - Industry AVG

profitability

Profitability

an operating margin of 46.5% make it more profitable than the average company (7.6%)

46.5% - The Vintage Watch Company (holdings) Ltd

7.6% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (32)

3 - The Vintage Watch Company (holdings) Ltd

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.1k, the company has an equivalent pay structure (£39.1k)

£39.1k - The Vintage Watch Company (holdings) Ltd

£39.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £670.8k, this is more efficient (£265.1k)

£670.8k - The Vintage Watch Company (holdings) Ltd

£265.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - The Vintage Watch Company (holdings) Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (38 days)

5 days - The Vintage Watch Company (holdings) Ltd

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1504 days, this is more than average (204 days)

1504 days - The Vintage Watch Company (holdings) Ltd

204 days - Industry AVG

cashbalance

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 - The Vintage Watch Company (holdings) Ltd

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64%, this is a higher level of debt than the average (54.5%)

64% - The Vintage Watch Company (holdings) Ltd

54.5% - Industry AVG

THE VINTAGE WATCH COMPANY (HOLDINGS) LTD financials

EXPORTms excel logo

The Vintage Watch Company (Holdings) Ltd's latest turnover from May 2024 is estimated at £2 million and the company has net assets of £2 million. According to their latest financial statements, The Vintage Watch Company (Holdings) Ltd has 3 employees and maintains cash reserves of £27.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022Oct 2021
Turnover2,012,3302,876,6441,554,0721,454,247
Other Income Or Grants
Cost Of Sales1,266,9561,883,2781,027,263939,627
Gross Profit745,374993,366526,809514,620
Admin Expenses-190,075-4,504-132,818472,837
Operating Profit935,449997,870659,62741,783
Interest Payable
Interest Receivable5,95710,3501,95265
Pre-Tax Profit941,4071,008,220661,57941,848
Tax-235,352-252,055-125,700-7,951
Profit After Tax706,055756,165535,87933,897
Dividends Paid
Retained Profit706,055756,165535,87933,897
Employee Costs117,247106,40093,36977,134
Number Of Employees3333
EBITDA*935,449997,870659,62741,783

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022Oct 2021
Tangible Assets
Intangible Assets
Investments & Other750750750750
Debtors (Due After 1 year)
Total Fixed Assets750750750750
Stock & work in progress5,223,3934,717,0693,379,593465,107
Trade Debtors
Group Debtors350,000
Misc Debtors401,537408,193333,05841,165
Cash27,148199,799260,201130,185
misc current assets
total current assets5,652,0785,325,0613,972,852986,457
total assets5,652,8285,325,8113,973,602987,207
Bank overdraft
Bank loan
Trade Creditors 20,00011,000612,107
Group/Directors Accounts3,526,6463,934,4813,362,701
other short term finances
hp & lease commitments
other current liabilities72,68663,88928,625339,703
total current liabilities3,619,3323,998,3703,402,326951,810
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities3,619,3323,998,3703,402,326951,810
net assets2,033,4961,327,441571,27635,397
total shareholders funds2,033,4961,327,441571,27635,397
May 2024May 2023May 2022Oct 2021
Operating Activities
Operating Profit935,449997,870659,62741,783
Depreciation
Amortisation
Tax-235,352-252,055-125,700-7,951
Stock506,3241,337,4762,914,486465,107
Debtors-6,65675,135-58,107391,165
Creditors20,000-11,000-601,107612,107
Accruals and Deferred Income8,79735,264-311,078339,703
Deferred Taxes & Provisions
Cash flow from operations229,226-642,532-3,234,637129,370
Investing Activities
capital expenditure
Change in Investments750
cash flow from investments-750
Financing Activities
Bank loans
Group/Directors Accounts-407,835571,7803,362,701
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1,500
interest5,95710,3501,95265
cash flow from financing-401,878582,1303,364,6531,565
cash and cash equivalents
cash-172,651-60,402130,016130,185
overdraft
change in cash-172,651-60,402130,016130,185

the vintage watch company (holdings) ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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The Vintage Watch Company (holdings) Ltd Competitor Analysis

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Perform a competitor analysis for the vintage watch company (holdings) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in N 3 area or any other competitors across 12 key performance metrics.

the vintage watch company (holdings) ltd Ownership

THE VINTAGE WATCH COMPANY (HOLDINGS) LTD group structure

The Vintage Watch Company (Holdings) Ltd has no subsidiary companies.

Ultimate parent company

THE VINTAGE WATCH COMPANY (HOLDINGS) LTD

12929168

THE VINTAGE WATCH COMPANY (HOLDINGS) LTD Shareholders

john stephen silverman 60%
david james silverman 30%
sara jane altbach 10%

the vintage watch company (holdings) ltd directors

The Vintage Watch Company (Holdings) Ltd currently has 3 directors. The longest serving directors include Mr John Silverman (Oct 2020) and Mr David Silverman (Oct 2020).

officercountryagestartendrole
Mr John Silverman76 years Oct 2020- Director
Mr David SilvermanEngland47 years Oct 2020- Director
Mrs Sara AltbachUnited Kingdom50 years Oct 2020- Director

P&L

May 2024

turnover

2m

-30%

operating profit

935.4k

0%

gross margin

37.1%

+7.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2024

net assets

2m

+0.53%

total assets

5.7m

+0.06%

cash

27.1k

-0.86%

net assets

Total assets minus all liabilities

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the vintage watch company (holdings) ltd company details

company number

12929168

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

October 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

N/A

accountant

-

auditor

-

address

35 ballards lane, london, N3 1XW

Bank

-

Legal Advisor

-

the vintage watch company (holdings) 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 the vintage watch company (holdings) ltd.

the vintage watch company (holdings) 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.

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the vintage watch company (holdings) ltd Companies House Filings - See Documents

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