Mdn Watches Ltd
- Small
- Active
- 12 years
- 1 employee
- £1,651,410 (assets)
- Virtual address
- 1 director
- 1 owner
- Regular importer
- Regular exporter
- Solo founder
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
Mdn Watches Ltd from London UK: a small, active company founded twelve years ago, employs just one person, and holds assets valued at £1,651,410. It operates from a virtual address, managed by a single director and owner, who is also the solo founder. The company regularly imports clocks, watches, and their parts (for 26 months) and exports them (for 6 months). 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, and employees less than 50.
The company’s website, MDN WATCHES, showcases a curated selection of high-end watches, including brands like Glashütte Original, IWC, Rolex, and Vacheron Constantin. It appears to be primarily an e-commerce platform, offering watches for sale with detailed product descriptions and images. The site also includes a "Shop" and "Contact Us" section, and encourages customers to follow them on Instagram. It's a retail business, selling watches and jewellery online, and also offers repair services for watches, clocks, and jewellery.
Financially, Mdn Watches Ltd shows a mixed picture. Cash bank on hand increased by a significant 35% to £110,000, which is good. However, trade debtors decreased by 25% to £660,000, suggesting potential issues with collecting payments. Net assets also increased by 13% to £670,000. While creditors decreased by 11%, the company’s net losses deepened. The company’s small size and solo founder structure allow for agility, but the fluctuating debtor and creditor balances warrant closer monitoring. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, and the financial statements are unaudited. It’s a small business, and it seems to be doing alright.
Registered in England/Wales under the registration number 08230149, with a registered address at SE1 2JE, England, London, 19 The Circle, Queen Elizabeth Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Di Napoli Matteo
- 9 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Di Napoli Matteo
- 12 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted one month ago.
Last news
-
Confirmation statement made on 2025-03-12 with updatesDownload 5 pages pdf report
-
Change of details for Mr Matteo Di Napoli as a person with significant control on 2016-04-06Download 2 pages pdf report
-
Total exemption full accounts made up to 2023-10-31Download 8 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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Similar exporters
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FAQ about Mdn Watches Ltd
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