Titanic Time Ltd

Titanic Time Ltd, based in Belfast, UK, is a small, active company founded just four years ago. With a single employee and £957,537 in assets, it operates from a virtual address – nineteen other companies share the same location, which is a little odd. The company is led by a solo founder who also serves as director and owner. Titanic Time Ltd regularly imports clocks, watches, and their parts (three months of activity), and occasionally exports them (two months).

The company's website paints a picture of a business deeply rooted in Belfast's maritime history, particularly the legacy of the Titanic. It specializes in preowned watches and jewellery, emphasizing craftsmanship and a connection to the city’s resilient spirit. The website highlights the company’s unique selling point: bridging the gap between past and present, tradition and modernity, heritage and innovation. It’s clear they’re aiming for a premium feel, appealing to a clientele that appreciates both history and style.

Financially, Titanic Time Ltd shows some interesting shifts. Cash bank on hand has jumped a whopping 110% to £360,000, which is a good sign. However, corporation tax payable has risen dramatically, increasing by 1500% to £48,000. Creditors have decreased slightly, but trade debtors have fallen by 14%, which could mean customers are taking longer to pay. Equity has increased substantially, rising by 530% to £170,000, likely reflecting retained earnings. The company's small size (meeting two of three criteria for being small) helps it remain flexible, but the sudden increase in tax payable is something to keep an eye on. No auditor is mentioned, which is common for small companies.

Overall, Titanic Time Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the company will need to manage its tax obligations carefully to ensure long-term financial health.

Registered in Northern Ireland under the registration number NI675533, with a registered address at BT2 8LA, Northern Ireland, Belfast, Antrim, Forsyth House, Cromac Square.

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