Vintage Gold Watches London Ltd

Vintage Gold Watches London Ltd is a small, active company based in London, UK, founded seven years ago in 2017. With £583,779 in assets and a real registered address (though it shares this address with a staggering 28,807 other companies), it's a lean operation employing just one person and managed by a single director and owner. The company regularly imports clocks, watches, and their parts—three months of import activity recorded—and has a long history of exporting these same items, with 57 months of export activity.

The company operates in the retail sale of watches and jewellery in specialised stores, a niche market demanding expertise and attention to detail. While a website isn't available to analyze, this suggests a potential focus on high-quality, vintage pieces or bespoke services, rather than mass-market retail.

Financially, Vintage Gold Watches London Ltd presents a mixed picture. Current assets have decreased slightly, falling by 1.9% to £580,000. Bank borrowings have increased by 85%, reaching £27,000, and cash reserves have plummeted 69%, dropping to £8,100. Creditors have also increased significantly, rising by 85% to £27,000. However, there's a positive trend in trade debtors, which have decreased by 27%. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from an audit.

The sharp decline in cash reserves is a point of concern, suggesting the company may be burning through money faster than it's bringing it in. The increase in bank borrowings could be a response to this, but it also indicates a reliance on external financing. It's possible the company is investing in inventory or marketing to expand its business, but the lack of detail makes it difficult to say for sure. The decrease in trade debtors is a good sign, indicating improved collections, but the overall picture suggests a need for careful financial management.

Registered in England/Wales under the registration number 10974103, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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