Watches Of Wales Limited

Watches of Wales Ltd, based in Pontyclun, UK, is a small, active company founded eleven years ago in 2013. Employing four people and holding assets of £616,649, it operates from a real address and is managed by one director and owner, Hornblow Paul Anthony. The business is an irregular importer and exporter of clocks, watches, and their parts, with limited activity over the last few years.

The company's website, Watches of Wales, showcases a diverse collection of secondhand luxury watches, vintage pieces, and competition entries. It operates an e-commerce platform, accepting Bitcoin and cryptocurrency, and even offers a VIP customer program. The site also highlights watch restoration services and a history of over 20 years of experience, emphasizing quality and British craftsmanship. They even run competitions to win a Rolex.

Financially, Watches of Wales Ltd’s recent performance presents a mixed picture. Current assets have decreased by 30% to £620,000, while net assets have fallen by 28% to £410,000. Bank borrowings have decreased by 6% to £130,000, and cash reserves have increased by 17% to £16,000. Creditors have decreased by 53% to £34,000, suggesting improved debt management. The company meets two of three criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s likely exempt from an audit, relying on unaudited financial statements.

The decrease in assets and net assets, despite improved creditor management, could indicate a slowdown in sales or increased costs. The company's focus on luxury watches and competitions suggests a niche market, but the financial figures indicate a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 08769967, with a registered address at CF72 9ES, Wales, Pontyclun, Unit 12b & 12c Junction Ind Est.

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