Gr8 Watches Ltd

Gr8 Watches Ltd from Shoreham-By-Sea UK is a small company with an active status, founded four years ago in 2020. Employing ten people, the company holds £1,382,106 in assets and operates from a real address. It's managed by one director and owned by two individuals, and runs an e-commerce site. The company regularly imports and exports clocks, watches, and their parts – 104 months of import activity and 95 months of export activity have been recorded, with the most recent import in January 2025 and the most recent export in December 2024.

The company’s website, Gr8 Sunglasses, is a vibrant online retailer specializing in eyewear and watches. It offers a wide selection of brands, from Agent Provocateur to Yohji Yamamoto, catering to both men and women. The site prominently features seasonal collections and a "quick picks" section showcasing bestsellers. It’s clear the company is focused on high-end fashion and appeals to customers seeking trendy and luxury items.

Financially, Gr8 Watches Ltd presents a mixed picture. Cash bank on hand has increased by 35% to £760,000, which is a positive sign, but creditors have risen sharply, increasing by 120% to £630,000. Trade debtors have also increased, rising by 19,000. Net current assets liabilities have increased by 37% to £760,000. Inventory has also increased by 120% to £600,000. The company is classified as small, meeting two of three conditions (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

While the company’s cash position has improved, the significant increase in creditors and inventory suggests it may be burning through money to maintain its inventory and operations. The lack of employees, reported as nine, indicates a lean operation, but the rising debts could pose a challenge. The company’s focus on high-end brands and e-commerce suggests a strategy of premium pricing and online reach, but its long-term financial health will depend on managing its debts and maintaining customer demand.

Registered in England/Wales under the registration number 12825820, with a registered address at BN43 6QB, England, Shoreham-By-Sea, Unit B4 Dolphin Enterprise Centre, Evershed Way.

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