Time Studio Watches Limited

Time Studio Watches Ltd is a small, active company based in Sheffield, UK, founded five years ago in May 2019. Employing just one person, the company holds £225,830 in assets and operates from a real address. With a single director and owner, Newton Joseph, it's a compact operation. The company specializes in retail sales via mail order and the internet, showcasing a curated collection of vintage and modern watches on its website.

The website, Time Studio Watches, presents a sophisticated online boutique, offering a viewing-by-appointment service and highlighting brands like Jaeger-LeCoultre, Cartier, Patek Philippe, and H. Moser. The site’s design and content emphasize expertise and a personal touch, with sections dedicated to watch repair, consultancy, and a journal featuring watch-related articles. The company also sells serial numbers, suggesting a focus on authenticity and provenance.

Financially, Time Studio Watches Ltd exhibits a mixed picture. While net assets have significantly decreased by 86% to just £2,500, cash reserves have also fallen by 9.8% to £40,000. Bank borrowings have vanished completely, a positive sign, but trade debtors have declined by 31%, which could indicate slower customer payments. Creditors have increased by 6.7%, and depreciation has risen by 44%, reflecting investment in property and equipment. The company's small size (meeting two of three conditions for a small company) allows for flexibility, but the declining equity raises concerns. The unaudited financial statements, exempt from a full audit, rely on director-reported data.

Overall, Time Studio Watches Ltd appears to be navigating a period of financial adjustment. The company’s focus on high-end watches and personalized service suggests a commitment to quality, but the need to manage costs and maintain cash flow will be crucial for its long-term success.

Registered in England/Wales under the registration number 12022690, with a registered address at S2 4ER, England, Sheffield, Charlotte House Charlotte Road, 500 Charlotte Road.

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