Twr Watch Repairs Ltd

Twr Watch Repairs Ltd from Rochford UK: a small, family business active for 18 years, employs 13 people, and holds £184,696 in assets. It’s a real company with a virtual address, managed by three directors and two owners, and boasts a stellar 5.0 Google rating from 108 reviews. They’re an irregular importer of clocks, watches, and their parts, with recent activity in August 2024.

The company operates as a watch repair shop, offering services to both individuals and businesses. While a website isn's available, it's clear they focus on the repair and maintenance of timepieces. They seem to be a well-regarded local business.

Financially, Twr Watch Repairs Ltd shows some interesting trends. Cash reserves increased by a significant 62%, reaching £140,000, which is good news. However, net assets also jumped 90%, hitting £90,000, suggesting increased liabilities. Bank borrowings decreased by 32%, down to £22,000, which is a positive sign of improved debt management. Creditors also rose by 43%, reaching £100,000, which could be due to increased stock purchases to meet demand. Trade debtors increased by 71%, which might indicate a change in payment terms or a few larger clients taking longer to pay. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in creditors warrants monitoring. With no auditor mentioned, the financial statements are unaudited.

Registered in England/Wales under the registration number 06126196, with a registered address at SS4 1DB, United Kingdom, Rochford, Essex, Millhouse, 32-38 East Street.

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