We C2 It Ltd

Watch Software Ltd is a small, active company based in Newark, UK, founded five years ago in 2020. With £29,106 in assets and a real registered address, it’s a family business employing three people and managed by five directors and two owners. The company is a irregular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling 1 months of imports. The last import operation was conducted on October 01, 2024.

The company's website, watchsoftware.co.uk, positions itself as a provider of “High-Performance IT Solutions for Businesses.” It’s not an e-commerce site; instead, it offers customisable software solutions, high-performance gaming PCs, firewalls, and mini PCs. The site emphasizes a team of experienced professionals and highlights the founder, Chris Pass, who built a successful IT services business after 28 years in the industry. The company’s mission is to empower businesses with powerful tools, even those that are smaller. The site also includes a blog with articles on topics like Starlink gaming PCs and firewall setup guides.

Financially, Watch Software Ltd presents a mixed picture. Current assets have decreased by 55% to £29,000, while net assets have fallen 90% to -£37,000—a significant drop. Bank borrowings have increased by 48%, reaching £130,000, and cash reserves have plummeted 97%, leaving just £120. Creditors have risen by 68% to £230,000, suggesting increased reliance on external financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity decline and low cash reserves raise concerns. There’s no auditor mentioned, so the figures are unaudited.

Overall, Watch Software Ltd seems to be facing financial pressures despite its focus on providing valuable IT solutions. The company’s reliance on external financing and declining cash reserves suggest a need for careful management.

Registered in England/Wales under the registration number 12577701, with a registered address at NG22 8LS, England, Newark, Goldcrest Lodge Upper Hexgreave, Farnsfield.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.