Its Time For Watch Ltd

Its Time For Watch Ltd from Brighton UK: a small, active company founded six years ago, employs one person, and holds £682,679 in assets. It’s a family business operating an e-commerce site, regularly importing clocks, watches, and their parts for nine months, and exporting them for three months. The company has two directors and two owners, and its registered address is real, with only two other companies registered at the same location.

The business specializes in the retail sale of watches and jewellery, with a website showcasing a wide selection of luxury brands like Rolex, Omega, IWC, and Breitling. Viewing appointments are strictly by appointment only, and the site emphasizes a UK-based operation with a focus on used and unworn watches. The website’s content is very detailed, with sections on recent sales, servicing, restoration, and even investment advice regarding vintage watches.

Financially, the company's numbers present a mixed picture. Cash bank on hand increased significantly, up 430% to £11,000, which is a positive sign. However, creditors within one year rose dramatically, increasing by 180% to £290,000. Trade creditors also saw a substantial jump, up 190% to £15,000. Despite this, accumulated depreciation impairment property plant equipment increased by 290%, and the average number of employees during the period increased by 100% to two. The company's small size—meeting two of three criteria for being small—helps it remain flexible. The accounts are abridged and unaudited, and there is no mention of an auditor. It's clear that the company is growing, but managing its debts will be crucial going forward.

Registered in England/Wales under the registration number 11429717, with a registered address at BN1 1HA, England, Brighton, East Sussex, 2 Union Street.

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