Vintage Watch Parts Limited

Vintage Watch Parts Limited, based in Shrewsbury, UK, is a small, active company founded five years ago. With just two employees and £38,205 in assets, it operates from a virtual address—a detail worth noting as 158 companies share the same location. The business, owned and directed by Hart Laura Mary and Mcmurray Niall, runs an e-commerce site with a stellar 5.0 Google rating based on five reviews.

The company specializes in the retail sale of watches, parts, and accessories via its online store, offering a wide range of items from cases and movements to pocket watches and stopwatches. The website, salesvintagewatches.online, features a user-friendly interface, free shipping on orders above £200, and even offers price negotiation—a unique selling point. It also boasts a blog, customer service, and a store locator, demonstrating a commitment to customer engagement.

Financially, Vintage Watch Parts Limited shows a mixed picture. Current assets have decreased by 22%, dropping to £38,000, while bank borrowings have risen by 5.1%, reaching £5,100. Cash reserves have also fallen significantly by 77%, leaving just £2,900. However, creditors have also decreased by 17%, suggesting improved debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity—a drop of 18%—raises concerns. As a small company, it's exempt from an audit, so the financial data remains unaudited.

Overall, Vintage Watch Parts Limited appears to be navigating a period of change. While its online presence and customer reviews are impressive, the financial data suggests it’s burning through money. The company’s ability to sustain its growth and profitability will depend on its ability to manage its cash flow and capitalize on its niche market.

Registered in England/Wales under the registration number 12020963, with a registered address at SY2 6LG, United Kingdom, Shrewsbury, Shropshire, Belmont House, Shrewsbury Business Park.

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