Philip Watts Ltd

Philip Watts Ltd, based in Nottingham, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, the company employs thirteen people and holds assets valued at £1,090,711. It operates from a real address and is managed by two directors and owners. The company regularly imports miscellaneous metal items, with three months of import activity recorded, and exports them for a substantial seventy-two months, with the last export operation made in February 2025.

The company’s website showcases a range of bespoke metalwork, specializing in door handles, lighting, and staircase accessories. It’s clear that Philip Watts Ltd focuses on high-quality, handmade pieces, catering to both residential and commercial clients. The site’s catalogue is well-organized, highlighting various styles and finishes, and even features a section for bespoke commissions—suggesting a willingness to work with clients on unique projects. The site also has a section for interiors, with a focus on the Leipzig handle. It's a clear indication that the company is actively marketing its products online and seeking to expand its reach.

Financially, Philip Watts Ltd has experienced some shifts. Cash reserves have dropped by 10%, settling at £900,000, while current assets have also decreased by 11%, falling to £1,100,000. Bank borrowings have been reduced, with overdrafts decreasing by 37%, and creditors have also fallen by 8.7%. The number of employees has increased by 23%, rising to sixteen—a positive sign of growth, although it could also indicate increased operational costs. While the company’s net assets have decreased by 11%, settling at £770,000, it still holds a healthy equity position. The company is small, meeting two of three conditions for classification, and no auditor is mentioned, suggesting it’s exempt from an audit.

Overall, Philip Watts Ltd appears to be a stable, albeit somewhat pressured, business. The increase in employees suggests growing demand for its products, but the decline in cash reserves and net assets warrants attention. The company’s focus on bespoke, high-quality metalwork, combined with its online presence, positions it well for continued success, but careful financial management will be key.

Registered in England/Wales under the registration number 08798324, with a registered address at NG5 7ER, Nottingham, Notts, Unit 11 Byron Industrial Estate, Brookfield Road Arnold.

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