The Watch Repair Centre Limited

The Watch Repair Centre Limited, based in Newcastle Upon Tyne, UK, is a small, active company founded 29 years ago in 1995. Employing 25 people and holding assets of £264,623, it’s a well-established business with a 5.0-star Google rating from 221 reviews. The company operates from a virtual address, registered to thirteen other companies, and is led by three directors, including the solo founder, Rowell Christopher Neil. It imports basic metal tools and utensils irregularly, with the last import recorded one month ago.

The Watch Service Centre, as seen on their website, specializes in the repair and restoration of watches, clocks, and jewellery. They pride themselves on offering impartial advice and direct interaction with the watchmaker, ensuring a personal touch. The site highlights a commitment to competitive pricing and shorter turnaround times, catering to both vintage and modern timepieces. They don's offer clock repair or vintage pocket watch restoration.

Financially, The Watch Repair Centre Limited’s recent performance presents a mixed picture. Cash bank on hand has increased by a healthy 62% to £15,000, while trade debtors have remained stable at £9,200. However, net assets have declined by 19% to £76,000, and bank borrowings have increased by 20% to £76,000. Creditors have risen significantly by 82% to £66,000, suggesting potential cash flow pressures. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the drop in equity warrants closer attention. As a small company, it is exempt from an audit, and the figures are unaudited.

Registered in England/Wales under the registration number 03121586, with a registered address at NE4 7YD, Newcastle Upon Tyne, West 2 Asama Court, Newcastle Business Park.

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