Veritime Ltd

Veritime Ltd, based in London, UK, is a small, active company founded thirteen years ago in 2011. Employing just three people, the company holds £508,797 in assets, but operates from a virtual address shared by 123 other companies – a red flag. It’s run by two directors and two owners, although the owner list may not be exhaustive. The company is an irregular importer, primarily dealing in clocks, watches, and their parts, with the last import occurring just one month ago.

Veritime Ltd’s website showcases a curated selection of independent watch brands, including Delma, Favre Leuba, ZRC Genve, and Neil Duckworth’s own Duckworth Prestex. Founded by industry veteran Neil Duckworth, who previously introduced Heuer (later TAG Heuer) to the UK, the company positions itself as a specialist retailer known for its expertise and appreciation for fine watchmaking. The website highlights a range of services, including piano restoration, a surprising addition to the watch business.

Financially, Veritime Ltd presents a mixed picture. While cash reserves increased by 7.3% to £80,000, creditors jumped 18% to £62,000, and trade debtors decreased significantly by 62% to £43,000. Net assets, however, remained relatively stable at -£44,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the rise in creditors suggests potential cash flow pressures. The lack of an auditor, likely due to its small size, means the figures are unaudited. The company's financial statements are prepared in accordance with FRS 102. It's a small company, but the numbers show it's holding steady.

Registered in England/Wales under the registration number 07842818, with a registered address at SW1Y 4BP, United Kingdom, London, Tc Group 6th Floor Kings House, 9 - 10 Haymarket.

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