Chronomaster Ltd

Chronomaster Ltd from Bolton UK: a small, active company founded 22 years ago, employs just two people, and holds £383,028 in assets. It operates from a virtual address, managed by three directors and two owners. The company regularly imports and exports clocks, watches, and their parts—36 months of imports and 3 months of exports recorded.

Located in the North West, Chronomaster Ltd is an authorised dealer for a wide range of new and pre-owned watch brands, showcased on its website. The site functions as an online retailer and offers viewing appointments at its office, providing a relaxed atmosphere for customers. The website lists over 100 brands, from Air Blue to Zenith, and features a detailed catalogue of new and pre-owned watches, including luxury models and specialist brands like Steinhart and Sinn. Recent arrivals highlighted on the site include a Breitling Transocean Limited Edition and an Omega Planet Ocean.

Financially, Chronomaster Ltd’s numbers show a mixed picture. Current assets decreased by 4.6% to £380,000, while net assets also fell by 2.3% to £330,000. Cash reserves declined by 16% to £55,000, and bank borrowings increased. Creditors decreased by 19%, which is a positive sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The company’s focus on both new and pre-owned watches, combined with its online presence and physical viewing appointments, suggests a business catering to a niche market of watch enthusiasts. The virtual address and declining cash reserves, however, raise questions about the company's long-term sustainability, though the decrease in creditors suggests improved debt management.

Registered in England/Wales under the registration number 04548017, with a registered address at BL6 4SD, England, Bolton, Fourth Floor, Unit 5b The Parklands, Lostock.

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