Best Quality Watches Limited

Best Quality Watches Ltd, based in Radlett, UK, is a large, active company founded fifteen years ago. Employing twenty-four people and boasting assets of £7,189,604, the company generated a substantial £23,734,222 in revenue last year. With a real address and two directors, it’s a well-established operation run by a solo founder. The company operates an e-commerce site and regularly imports and exports watches and their parts – importing for five months and exporting for forty-four months.

The website, Best Quality Watches, is a vibrant online store showcasing a wide range of watches from brands like Seiko, Armani, Diesel, and Tommy Hilfiger. It offers next-day delivery and caters to both men and women with dedicated sections for ladies' and men’s watches, as well as jewellery. The site also highlights collections and offers a subscription to their email list, emphasizing a commitment to customer engagement.

Financially, Best Quality Watches Ltd presents a mixed picture. Current assets have fallen by 26% to £7,200,000, while net assets have decreased by 4.4% to £7,000,000. Bank borrowings have significantly decreased by 73%, reaching £850,000, and cash reserves have fallen by 3.4% to £1,400,000. Creditors have also decreased by 32%, suggesting better debt management. The company meets two of three criteria for being a large company—having turnover more than £36 million and balance sheet more than £18 million—but the decrease in assets and cash reserves warrants attention. The company’s auditor is Adler Shine LLP, and the financial statements are audited.

The decrease in assets and cash reserves, despite a strong revenue stream, could indicate increased investment in inventory or expansion efforts. However, the decrease in bank borrowings is a positive sign. Overall, Best Quality Watches Ltd appears to be a well-established e-commerce business navigating the challenges of growth and maintaining financial health.

Registered in England/Wales under the registration number 07067258, with a registered address at WD7 7NP, England, Radlett, 74-76 Watling Street.

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