Midland Watch Traders Ltd

Midland Watch Traders Ltd, based in Birmingham, UK, is a small, holding company with an active status. Founded eleven years ago in 2013, the company employs five people and holds assets valued at £1,933,471. It operates from a real address and is overseen by two directors and one owner. The company’s e-commerce site has a respectable Google rating of 4.0 based on five reviews, and it regularly imports clocks, watches, and their parts – a trend spanning 39 months, with the most recent import occurring in November 2024.

The company's website, while not directly selling watches, functions as a directory for Birmingham’s Jewellery Quarter. It lists various businesses, including jewellers, gold dealers, watch retailers, restaurants, and pubs, effectively serving as a promotional hub for the area. It highlights the Jewellery Quarter as a national treasure, emphasizing its unique combination of jewellery and metalworking businesses, and encourages visitors to explore its shops, museums, and art galleries. The site is maintained pro bono by a digital marketing agency.

Financially, Midland Watch Traders Ltd presents a mixed picture. While net assets grew by a modest 2.3% to £1,700,000, current assets dipped by 6% to £1,900,000. Bank borrowings decreased significantly by 31%, dropping to £110,000, and cash reserves increased by 24% to £300,000. Trade debtors rose by 34%, which could indicate increased sales but also potential difficulties in collecting payments. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the increase in debtors warrants attention. The unaudited financial statements, typical for a small company exempt from an audit, rely on director-reported data.

Overall, Midland Watch Traders Ltd appears to be navigating a stable, albeit somewhat tight, financial position. Its role as a promotional platform for the Jewellery Quarter suggests a focus on community support and tourism, complementing its wholesale operations.

Registered in England/Wales under the registration number 08723636, with a registered address at B18 6NN, England, Birmingham, West Midlands, 166 Warstone Lane, 1st Floor.

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