Steven Hale Watch Restorations Limited

Steven Hale Watch Restorations Ltd, based in Watford, UK, is a small, active company celebrating 20 years in business. Founded in 2005 by a solo entrepreneur, Hale Steven Nicholas, the company employs ten people and holds assets valued at £214,832. It operates from a real address and is managed by two directors. Google reviews are stellar, boasting a 5.0 rating from 88 reviews. The company regularly imports clocks, watches, and their parts, with the last import operation recorded four months ago.

The company’s website highlights its expertise in luxury watch repair and restoration. It’s an authorised service centre for prominent brands like Rolex, Omega, Cartier, Hublot, Tag Heuer, Tudor, and Zenith. Services range from routine servicing to complete restorations, and the company even offers valuation services. It’s clear that Steven Hale Watch Restorations Ltd caters to a high-end clientele, with a focus on quality craftsmanship and museum-grade restorations.

Financially, the company presents a mixed picture. While bank borrowings decreased by 6.4% to £200,000, cash reserves increased significantly by 55% to £130,000. However, creditors also rose, increasing by 8.7% to £230,000. Trade debtors took a hit, dropping 24% to £52,000. The company’s small size – meeting two of three criteria for a small company – allows for flexibility, but the increase in creditors suggests a need for careful cash flow management. The company’s unaudited accounts, exempt due to its small size, rely on director-reported data. It's a good thing that the company is holding on.

Registered in England/Wales under the registration number 05426171, with a registered address at WD23 1FY, England, Watford, Herts, 62a Sparrows Herne, Bushey.

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