The Specialist Watch Company Ltd

The Specialist Watch Company Ltd, based in Waltham Abbey, UK, is a small, active company established ten years ago. Despite a solo founder and a single director, the business faces some financial headwinds, with accounts overdue for three months and confirmation overdue by a year. The company’s assets are currently reported at just £424, and it operates from a virtual address shared by 59 other companies. It runs an e-commerce site and specializes in the retail sale via mail order houses or via internet.

The company’s website, UKSpecialistWatches.co.uk, showcases a wide selection of luxury watches, including Rolex, Omega, IWC, and Breitling. It prominently features used and unworn models, emphasizing the sale of Rolex watches in particular. The site offers a stocklist, a service for selling watches, and even provides advice on vintage watch investments. The website highlights the importance of Rolex watches as investments, noting their consistent value and the potential for appreciation, especially with vintage models. It also details the company’s expertise in restoring and servicing luxury timepieces.

Financially, The Specialist Watch Company Ltd's situation appears precarious. Current assets have plummeted by a staggering 99%, falling to just £424, while net assets have dropped dramatically to -£13,000. Bank borrowings have increased significantly, reaching £8,800, and cash reserves are completely depleted. Creditors have also decreased, suggesting some improvement in debt management, but the overall picture is one of considerable financial strain. The company’s small size (meeting two of three criteria for a small company) might offer some agility, but the sharp decline in equity is concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The company's reliance on a virtual address and the significant financial challenges suggest a business struggling to maintain momentum. While the e-commerce site appears functional and caters to a niche market of luxury watch enthusiasts, the underlying financial health warrants close monitoring.

Registered in England/Wales under the registration number 09165598, with a registered address at EN9 1EE, England, Waltham Abbey, Essex, 12b Sun Street.

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