Hall & Watts Holdings Limited

Hall & Watts Holdings Limited, based in St Albans, UK, is a holding company with an active status, established fourteen years ago in July 2010. The company employs three people and holds assets valued at £2,181,716. It has a real address and is overseen by three directors and two owners, though the owner list was changed nine years ago. While it has a Google rating of 1.0 based on just one review, the company regularly imports and exports optical and medical tools and devices—eighteen months of imports and seven months of exports, with the latest export occurring in October 2024.

The company’s website reveals a specialized focus: the development, manufacture, and sale of optical instruments, particularly for military applications. Hall & Watts Defence Optics provides solutions for mortar and artillery sighting requirements, aircraft compass calibration, and even offers services like refurbishment, design, training, repair, and calibration. A significant portion of their business involves supplying Specter rifle sights and collaborating with BAE Systems for L118119 Light Gun refurbishment. They also have a partnership with ARIS to supply artillery sighting systems to the Italian Army. The website also includes a secure zone, suggesting a focus on sensitive or restricted-access information.

Financially, Hall & Watts Holdings Limited’s report presents a mixed picture. While cash and cash equivalents increased by a substantial 180%, rising to £470,000, net assets have declined by 45%, dropping to £86,000. Administrative expenses increased significantly, jumping 38% to £2,600,000. Bank borrowings have been completely eliminated, a positive sign, but creditors increased by 33%, reaching £1,600,000. Trade debtors have ballooned by 890%, which could indicate issues with customer payments or an expansion of credit terms. The company’s small size—meeting two of three criteria for turnover under £10.2m—helps it stay agile. The report does not mention an auditor, likely due to its status as a small company, so the figures are unaudited.

Overall, Hall & Watts Holdings Limited appears to be navigating a period of change. While its core business of optical instrument manufacturing seems robust, the financial data suggests some challenges in managing cash flow and debt.

Registered in England/Wales under the registration number 07320150, with a registered address at AL4 0JY, St Albans, Hertfordshire, Unit A3, Merlin Centre, Acrewood Way.

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