The Horology Group Ltd

The Horology Group Ltd, based in Preston, UK, is a small holding company with an active status. Founded five years ago in June 2019, it employs a single person and holds £9,768 in assets. Operating from a virtual address, the company is managed by one director and one owner, and runs an e-commerce site.

The company's website, The Horology Club, showcases a community-driven platform for watch collectors, based in Hong Kong. It’s more than just an e-commerce site; it's a hub for exclusive events, collaborative club watches, and consignment services. The site features a range of high-end watches, primarily from Sartory Billard, alongside accessories and storage solutions. It also hosts a journal with articles on watchmaking and collecting, and a social media presence highlighting events and new releases. The company operates in the retail sale via mail order houses or via internet industries.

Financially, The Horology Group Ltd shows some concerning trends. While cash bank on hand increased by 44% to £9,700, net current assets liabilities plummeted 23% to -£8,200. Creditors remained steady at £18,000, but other taxation and social security payable jumped a staggering 270% to £1,000. Trade debtors decreased by 46% to £60. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant equity decline suggests potential financial strain. With no auditor mentioned, the financial statements are unaudited. The company's reliance on a single employee and the virtual address also raise questions about its operational structure.

Registered in England/Wales under the registration number 12060299, with a registered address at PR5 6EE, United Kingdom, Preston, Lancashire, Black Bull House 353-355 Station Road, Bamber Bridge.

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