Big Watch Bros Ltd

Big Watch Bros Ltd from Coventry UK: small company, active status, founded 4 years ago, 3 employees, £130,456 assets, virtual address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries.

The company's website is minimal, and it doesn’s provide much detail about their operations. It appears to be primarily an e-commerce venture, selling watches online. There’s no indication of a physical store or showroom, which aligns with the virtual address reported. The site’s design is basic, suggesting a focus on functionality over aesthetics.

Financially, Big Watch Bros Ltd presents a mixed picture. Current assets have decreased by 11% to £130,000, while trade debtors have increased significantly, by 350%, reaching £35,000. This could indicate a shift towards offering credit terms to customers or a delay in collecting payments. Cash reserves are down 75%, plummeting to just £1,100—a worrying sign. Creditors have also decreased by 8.2%, suggesting some improvement in managing short-term debts. Equity has decreased by 3.9%, resulting in net liabilities of £80,000. The company’s inventory has also dropped by 33%, which could be a result of increased sales or a deliberate strategy to reduce stock levels. It’s worth noting that the accounts are unaudited, and the company is exempt from audit as a small entity.

Overall, Big Watch Bros Ltd seems to be experiencing some financial challenges. The decline in cash reserves and the increase in trade debtors are concerning, while the decrease in inventory could be a positive or negative sign depending on the underlying reasons. The company’s small size and solo founder model may offer flexibility, but also concentrate risk. It’s likely that the company is burning through money, but it’s difficult to say whether this is a temporary setback or a longer-term trend.

Registered in England/Wales under the registration number 13240323, with a registered address at CV1 2EL, United Kingdom, Coventry, 5 The Quadrant.

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