Sanderson & Son Fine Watches Limited

Sanderson & Son Fine Watches Ltd from Stamford, UK, is a small, active company established 21 years ago. With just two employees and £34,705 in assets, it’s a family-run business led by three directors and a solo founder, Gary James Sanderson. The company boasts a stellar 5.0 Google rating from four reviews, a testament to its reputation.

The company operates in the retail sale via mail order houses or via internet industries, with a comprehensive online catalogue showcasing a range of watches, accessories, and services. The website prominently features pre-owned gents and ladies watches, pocket watches, watch straps, and Rolex dials, alongside repair and overhauling services. It’s clear they specialize in high-end timepieces, with a focus on Rolex and Tudor brands, and even offer a service for disaster recovery of damaged pianos.

Financially, Sanderson & Son shows a mixed picture. Current assets have decreased by 34% to £35,000, while net assets have fallen by a significant 79% to just £240. Bank borrowings have been reduced by 30%, and cash reserves have increased dramatically by over 300% to £17,000. Trade debtors have decreased by 73%, which is good news, but creditors have increased by a whopping 570% to £12,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is a cause for concern. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Overall, Sanderson & Son appears to be navigating a period of change. While the business has a strong online presence and a loyal customer base, the financial data suggests it’s burning through money. The increase in creditors and decrease in equity could be a sign of financial strain, but the increase in cash reserves indicates that the company is managing its finances well.

Registered in England/Wales under the registration number 05107817, with a registered address at PE9 2AE, Stamford, Lincolnshire, Orion House, Barn Hill.

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