Kensington Gate Limited

Kensington Gate Limited is a small, active company based in Glasgow, UK, founded nine years ago in 2015. With a single employee and £433,785 in assets, it’s a solo founder operation managed by a single director and owner, Laura Pears. The company operates from a virtual address – eighty-one companies registered at the same location – and regularly exports clocks, watches, and their parts, with six months of export activity recorded.

The company’s website, Kensington Gate Watches, showcases a curated selection of high-quality, pre-owned luxury watches, specializing in brands like Rolex and Omega. It positions itself as a trusted source for authentic pieces, offering personalized service, expert advice, and a sourcing service. The site highlights a decade of experience in the luxury watch space and emphasizes rigorous inspection processes to ensure authenticity and reliability. The business operates in the retail sale via mail order houses or via internet industries.

Financially, Kensington Gate Limited presents a mixed picture. Cash bank on hand increased significantly by 130% to £39,000, while bank borrowings decreased by 35% to £20,000. Trade debtors decreased by 4.4% to £17,000. However, creditors increased substantially by 28% to £230,000, and net assets increased by 13% to £190,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) helps it remain nimble, but the increase in creditors suggests a need to manage cash flow. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Kensington Gate Limited appears to be financially stable, with a growing asset base and improved cash position. However, the increase in creditors warrants close monitoring to ensure sustainable growth.

Registered in Scotland under the registration number SC510897, with a registered address at G63 9JQ, Scotland, Glasgow, 12 Southview Road, Strathblane.

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