The Devoy Group Limited

The Devoy Group Ltd, based in Cheltenham, UK, is a small, active company established eight years ago. With just two employees and £135,046 in assets, it operates from a real address and is overseen by two directors and owners. The company is a regular importer, specializing in clocks, watches, and their parts, with 66 months of import activity recorded, the latest in February 01, 2025.

The Devoy Group functions as a luxury brands distributor, focusing on management and sales. Its website showcases a portfolio of high-end brands like QLOCKTWO, Pasquale Bruni, Cyrus, Czapek Cie, Ikepod, Giuliano Mazzuoli, Encelade 1789, and Bomberg. These brands are distributed to retail partners in the UK, Ireland, and Scandinavia, with a focus on nurturing and developing them. The company emphasizes its 25 years of experience in the luxury market, developing brands for LVMH and the Swatch Group. It’s clear they’re not an e-commerce business themselves, but rather a wholesale distributor.

Financially, The Devoy Group presents a mixed picture. While current assets increased by 7% to £140,000, net assets experienced a substantial jump of 160% to £57,000. Bank borrowings also increased significantly, rising by 230% to £17,000, while cash reserves grew by 130% to £29,000. Creditors decreased by 14%, suggesting better 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 agility, but the increase in bank borrowings should be monitored. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, The Devoy Group appears to be a stable, albeit small, business operating in a niche market. The company’s focus on luxury brands and its distribution network suggest a specialized and potentially lucrative operation, but the increased borrowing should be watched closely.

Registered in England/Wales under the registration number 10528402, with a registered address at GL51 6TQ, Cheltenham, Gloucestershire, Midway House Staverton Tehnology Park, Herrick Way Staverton.

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