Hamtun Ltd

Hamtun Ltd, based in Southampton UK, is a small, active company founded eight years ago in 2016. It’s a family business with a solo founder, run by one director and two owners. The company imports clocks, watches, and their parts regularly, with the last import operation recorded three months ago. While the address is real, only one company is registered there.

The company’s website, hamtunsandbox, showcases a range of watches—from dive watches to field watches—and positions itself as a UK-based company building high-quality, affordable timepieces. The site emphasizes direct-to-consumer sales, avoiding celebrity endorsements and sponsorships to offer competitive pricing. It even has a section dedicated to piano restoration, a surprising addition to the watch business.

Financially, Hamtun Ltd presents a mixed picture. Cash bank on hand increased by 120% to £13,000, but net assets took a significant hit, plummeting 54% to just £15,000. Bank borrowings increased by 22% to £23,000, and trade creditors jumped 200% to £33,000, which could indicate a need for more working capital. The company’s size (meeting two of three criteria for a small company) allows for agility, but the decline in equity is concerning. Intangible assets also decreased by 33%. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on affordable watches and direct sales is a smart strategy, but the recent financial trends suggest it may be burning through cash. The diversification into piano restoration is an interesting move, but whether it can offset the challenges in the watch business remains to be seen.

Registered in England/Wales under the registration number 10263341, with a registered address at SO19 2EN, England, Southampton, Hampshire, 156 Ludlow Road.

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