Watcho Ltd

Watcho Ltd, based in Milton Keynes, UK, is a small holding company with an active status, established thirteen years ago in 2012. Employing six people, the company holds assets totaling £904,813 and operates a real address. It’s overseen by three directors and owned by two individuals, and boasts a stellar 5.0 Google rating from 402 reviews. The company is an active e-commerce site, regularly importing clocks, watches, and their parts for five months, and exporting them for twenty-three months.

Watcho Ltd specializes in the retail sale of watches and jewellery, both online and in physical stores, and also engages in letting and operating real estate. It operates two boutiques, one in Richmond and one in Milton Keynes, and even has a partnership with Pandora. The company’s website highlights a wide range of brands, from luxury names like Baume Mercier and Frederique Constant to designer labels like Emporio Armani and Michael Kors. It also offers a selection of smartwatches and jewellery, alongside accessories like watch straps and winders. The site is well-designed, with editorial content showcasing heritage, awards, and collaborations.

Financially, Watcho Ltd shows some interesting trends. Accumulated amortisation impairment of intangible assets increased by 3.8%, while depreciation of property, plant, and equipment rose significantly by 52.0%. Advances to directors have also increased substantially, with a 220% jump. However, cash bank on hand decreased by 22%, and corporation tax payable fell by a dramatic 80%. Creditors have increased by 20%, while trade debtors have risen by 26%. The company’s net assets decreased by 3.9%, and net current assets increased by 3.1%. 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 changes in equity and cash reserves warrant closer attention. There’s no auditor mentioned, so the financial statements are unaudited.

Overall, Watcho Ltd appears to be a well-established business with a strong online presence and a loyal customer base. However, the financial data suggests that it's facing some challenges, and it will be interesting to see how it navigates them in the coming years.

Registered in England/Wales under the registration number 07999091, with a registered address at MK19 6AN, England, Milton Keynes, Unit 2 Furtho Court, Towcester Road.

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