Gift Time Limited

Gift Time Limited, based in Salford, UK, is a small, active company founded 23 years ago in 2002. With two employees and £202,701 in assets, it operates from a real address and is led by two directors and one owner. The company runs an e-commerce site and regularly imports clocks, watches, and their parts—a consistent activity spanning four months, with the last import recorded in 2019. Its business involves wholesale of watches and jewellery, and wholesale of household goods.

The company's website showcases a range of watches and jewellery, suggesting a focus on online retail. While no specific details about the website’s traffic or sales figures are available, the presence of an e-commerce site indicates a direct-to-consumer strategy.

Financially, Gift Time Limited presents a mixed picture. Current assets have decreased by 6.3% to £200,000, while net assets remain unchanged at -£370,000. Cash bank on hand has seen a significant increase of 2100%, jumping to £4,900. Creditors have also decreased slightly, falling by 11% to £37,000. 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 consistent negative equity suggests ongoing financial challenges. No auditor is mentioned, likely due to its status as a small company.

The company’s recent increase in cash reserves is a positive sign, but the persistent negative equity indicates that it’s burning through money. The decrease in current assets could be a result of increased inventory or delayed payments. The lack of employee information suggests a lean operation, but it could also indicate staffing shortages. Overall, Gift Time Limited appears to be navigating a difficult financial landscape, relying on its established e-commerce presence and regular imports to sustain its operations.

Registered in England/Wales under the registration number 04386522, with a registered address at M7 4EN, England, Salford, 1 Brantwood Road.

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