Luxury Watch Repairs Limited

Luxury Watch Repairs Ltd, based in London, UK, is a small, active company founded nine years ago. With fourteen employees and £614,827 in assets, it’s a family business run by a solo founder and two owners, overseen by one director. The company’s real address is at 16-18 Hatton Garden, a well-known area for watch and jewellery businesses. They regularly import clocks, watches, and their parts—four months of import activity were recorded, with the latest in October 2023—and export them too, with a more extensive history of forty months of exports, the last in January 2025.

The company operates in the repair of watches, clocks and jewellery industries. The website, while not present, suggests a focus on specialist watch repair services. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Looking at the financial data, Luxury Watch Repairs Ltd has experienced some significant shifts. Bank borrowings have increased dramatically, rising by 2,400% to reach £150,000, while cash reserves have fallen by a substantial 75% to just £56,000. Current assets have also decreased by 21% to £610,000. On the positive side, trade debtors have shown a remarkable turnaround, increasing by 250% to £26,000, which could indicate improved sales or better payment collection. Creditors have also decreased by 18%, suggesting better debt management. The company’s equity has suffered a significant drop, declining by 54% to £190,000.

These trends suggest the company may be investing heavily in its business, possibly expanding its operations or purchasing new equipment. The increased bank borrowings and decreased cash reserves could be a result of this investment. However, the drop in equity is a cause for concern, and it’s possible the company is burning through money faster than it’s generating revenue. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so it’s difficult to know the full picture. It’s likely that the company is trying to grow, but it needs to carefully manage its finances to avoid running into trouble.

Registered in England/Wales under the registration number 09619451, with a registered address at EC1N 8AT, England, London, 16-18 Hatton Garden.

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