Bamford Watch Department Limited

Bamford Watch Department Ltd from London UK: a small, active company founded fifteen years ago, employs eleven people, and holds £2,398,033 in assets. It’s a solo-founded operation with two directors and a real address, regularly importing and exporting clocks, watches, and their parts – 236 months of imports and 209 months of exports recorded. The company operates in the manufacture of watches and clocks industries.

The business’s website, Bamford Watch Department, showcases a high-end watch customisation service. It appears to be an ecommerce operation, offering bespoke watch modifications and unique designs. The site highlights a focus on luxury brands and personalised service, catering to a discerning clientele. It’s a niche market, and the brand seems to be building a reputation for exclusivity and craftsmanship.

Financially, the company’s performance presents a mixed picture. While net assets increased by 10% to £2,000,000, bank borrowings have surged by a staggering 550% to £94,000. Cash reserves have also fallen by 5% to £630,000. Trade debtors have decreased by 18%, suggesting improved collections, but trade creditors have also decreased by 20%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings suggests a need for capital. No auditor is mentioned, likely due to the company’s small size and exemption from audit requirements.

The increase in borrowings could be related to investments in new equipment or marketing efforts to expand the customisation service. The company’s focus on high-end watches and personalised service seems to be driving revenue, but managing debt will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 06969812, with a registered address at W1K 1JH, London, 80 South Audley Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.