Watanabe Co Ltd

Watanabe Co Ltd, based in London, UK, is a small, active company founded four years ago. With five employees and £286,686 in assets, it operates from a real address and is led by one director and owner. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with 84 months of import activity and 14 months of export activity recorded. It’s a relatively small operation, meeting two of three criteria to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website showcases a range of brands, including Joseph Cheaney, Glenroyal, and Johnstons of Elgin, suggesting a focus on high-quality British goods. It also features a "Recruit" section, indicating ongoing efforts to expand its team. The site’s layout and content—including news updates, event announcements, and brand profiles—point to a business that values its online presence and customer engagement. The presence of both Japanese and English language options suggests a focus on international markets. It’s clear that the company operates in wholesale and retail, with a particular emphasis on online sales.

Financially, Watanabe Co Ltd presents a mixed picture. While cash bank on hand increased by a substantial 41% to £98,000, net assets have plummeted 87% to just £5,300. Trade debtors remained stable at £96,000, but creditors have increased by 34% to £100,000. A significant decrease in accumulated amortisation and impairment of intangible assets, down 50% to £10,000, could indicate asset write-downs or changes in accounting practices. The company’s small size and lack of an auditor (likely exempt) mean the figures are unaudited. The sharp decline in equity, however, is a cause for concern, suggesting the company may be burning through cash faster than it’s generating revenue. The increase in bank borrowings, though, could be a strategic move to support growth, but it also adds financial risk.

Registered in England/Wales under the registration number 12882953, with a registered address at N1 2HY, England, London, Unit 12 The Ivories, 6-18 Northampton Street.

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