Watkins Enterprise Ltd

Watkins Enterprise Ltd, based in Preston, UK, is a small, active company founded five years ago. With a single employee and £74,125 in assets, it operates from a virtual address shared by 181 other companies, a fact that raises some questions. The company is led by a solo founder who also serves as director and owner. It’s a regular importer, specializing in plastics and plastic products, with recent activity recorded in December 2024. Watkins Enterprise Ltd’s primary business appears to be retail sales, but it also operates as a distributor for the Middle East and Gulf Region.

The company’s website, Liquid Dispenser UK, focuses on selling the “Ultimate Hanging Sauce Dispenser System,” a Scandinavian-designed product for dispensing sauces and other liquids in commercial settings. It serves the Kingdom of Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Kuwait, and Oman, and even has a showroom in Harrods, London. The business model revolves around distributing a niche product to the Middle East, with a focus on trade and wholesale inquiries.

Financially, Watkins Enterprise Ltd presents a mixed picture. While cash bank holdings increased significantly by 160% to £62,000, equity plummeted 75% to just £1,400. Creditors increased by 43% to £110,000, and net assets decreased by 36% to £10,000. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the sharp decline in equity is concerning. Interestingly, bank borrowings have remained steady, and trade debtors have decreased slightly. The company's accounts are unaudited, as is common for small entities.

The company’s growth in the Middle East market seems promising, but the financial data suggests it’s burning through cash. The virtual address and reliance on a single employee also point to a lean operation, which could be both an advantage and a vulnerability. It’s unclear whether the company is financially healthy or if it’s struggling to sustain its growth—but the focus on a niche product and its presence in the Middle East market offer some potential for future success.

Registered in England/Wales under the registration number 12596348, with a registered address at PR2 2YH, England, Preston, Lancashire, Chandler House 7 Ferry Road Office Park, Riversway.

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