The Classic Watch Company Limited

The Classic Watch Company Limited is a small, active company based in London, UK, founded 17 years ago in 2008. It employs just one person and holds £680,628 in assets. The company operates from a virtual address – 240 other companies are registered there – and is overseen by two directors and a single owner, who is also the solo founder. It’s an irregular importer, with its top import category being Art and Antiques, totaling just one month of imports recorded as of February 2022.

The company’s website, classicwatchcompany.com, suggests a multi-faceted business. While primarily focused on the retail sale of watches and jewellery, it also offers services like watch care, valuation, and servicing. The site features a "Shop" section, an "Exchange" option, and even a "Site Map," indicating a desire to cater to diverse customer needs. A prominent signup form for a newsletter suggests a focus on customer engagement. The site’s layout is somewhat dated, with a PHP error message visible, which is not ideal.

Financially, The Classic Watch Company Limited shows a mixed picture. Cash bank on hand increased significantly by 290% to £500,000, which is a positive sign. However, creditors ballooned by 380% to £480,000, and net assets decreased by 22% to £200,000. Trade debtors remained stable, and total inventories decreased by 51% to £49,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in creditors is something to keep an eye on. The accounts are described as "Filleted Accounts" and were prepared using VT Final Accounts software. No auditor is mentioned, which is common for small, exempt companies.

Registered in England/Wales under the registration number 06550198, with a registered address at EC2A 4DJ, London, 9 Bonhill Street.

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