The Watch Protect Company Ltd

The Watch Protect Company Ltd, based in London, UK, is a small, active company founded four years ago in 2021. With just one employee and £26,001 in assets, it operates from a virtual address shared by 8,925 other companies—a bit unusual, really. Singh Sogi Harvinder is both the director and owner, and the sole founder. The company irregularly imports paper and paperboard products (for one month, ending September 2024) and exports clocks, watches, and their parts (also for one month, ending September 2023). It's a solo operation, really.

The company’s website, The Watch Protect Company, focuses entirely on protecting watches from scratches. It offers kits and spare sets, including specialized options for Rolex, Tudor, Patek Philippe, and Audemars Piguet watches. The site boasts a wide range of currencies and shipping destinations, from Afghanistan to Zimbabwe, and includes a blog with helpful tips on watch care. It's a well-designed e-commerce site, with a clean layout and clear product descriptions.

Financially, The Watch Protect Company Ltd shows a mixed picture. Current assets have fallen by 19% to £26,000, while net assets also declined by 6.8% to -£4,900. Bank cash has decreased by 19% to £8,300, and trade debtors have plummeted by a significant 42% to £5,600. Creditors, however, have also decreased by 14% to £35,000, suggesting a possible improvement in 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) means it avoids more rigorous auditing requirements. As such, the figures are unaudited.

While the company’s niche focus on watch protection seems promising, the decline in assets and negative equity raises concerns. It’s a small business, and it's clear that it's facing some financial challenges. Hopefully, the company can continue to grow its customer base and improve its financial performance.

Registered in England/Wales under the registration number 13275043, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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