Sonning Vintage Watches Limited

Sonning Vintage Watches Ltd, based in Nottingham, UK, is a small, family-run business with an active status, having been established thirteen years ago. With just two employees and £587,809 in assets, it’s a modest operation overseen by two directors and owners. The company boasts a stellar 5.0 Google rating from nineteen reviews, reflecting its commitment to customer satisfaction. It’s an irregular importer of clocks, watches, and their parts (two months imported) but a regular exporter (sixteen months exported).

The company's website showcases a passion for vintage timepieces, specializing in Rolex, Jaeger, IWC, Breitling, and Omega watches. It offers both sales and restoration services, with a dedicated section for accessories. The business operates solely online, with viewings by appointment only. It’s clear they are aiming to be one of the best, not the biggest, in the vintage watch market.

Financially, Sonning Vintage Watches Ltd presents a mixed picture. Current assets have decreased by 17%, falling to £590,000, while net assets have dropped by 8.2%, settling at £560,000. Bank borrowings have been reduced by 25%, reaching £30,000, and cash reserves have declined by 47%, leaving £150,000. Creditors have seen a significant decrease of 75%, suggesting improved debt management. 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 drop in equity is something to keep an eye on. The unaudited financial statements, lacking an auditor’s stamp, rely on director-reported data.

Overall, Sonning Vintage Watches Ltd appears to be navigating a challenging environment. While its export business remains strong, the decline in assets and cash reserves suggests a need for careful financial management.

Registered in England/Wales under the registration number 07622694, with a registered address at NG4 3HT, England, Nottingham, 1 Lawn Grove, Gedling.

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