Wtc Watch Repairers Ltd

WTC Watch Repairers Ltd, based in London, UK, is a small, active company founded twelve years ago in 2013. With five employees and £56,111 in assets, it operates from a virtual address shared by twenty other companies, a detail that should be noted. Two directors and two owners manage the business, which has garnered a stellar 5.0 Google rating from 111 reviews. The company is an irregular importer, primarily dealing in clocks, watches, and their parts, with the last import operation occurring two months ago in December 01, 2023.

The company’s website and associated profiles highlight its focus on watch, clock, and jewellery repair services. It’s a traditional repair business, operating in a sector known for its skilled craftsmanship and attention to detail. While the website doesn's offer e-commerce functionality, it does showcase the company's expertise and services.

Financially, WTC Watch Repairers Ltd presents a mixed picture. Current assets have increased by 10% to £56,000, while cash bank on hand has seen a significant boost of 34% to £21,000. However, net assets have risen by 37% to £530, suggesting retained earnings are growing. Trade debtors have increased by 97% to £24,000, which could indicate expanding credit terms or delayed customer payments. Creditors have also increased significantly, rising by 79% to £4,700. Bank borrowings have increased by 2,400% to £29,000, which could be a cause for concern. The company's small size—meeting two of three criteria for a small company—helps it remain agile, but the increase in debt warrants closer monitoring. As a small company, it is exempt from an audit, and the figures are unaudited.

Overall, WTC Watch Repairers Ltd appears to be holding its own, benefiting from a strong reputation and a growing base of customers. However, the increase in debt should be watched closely to ensure the company can sustain its operations and continue to provide quality repair services.

Registered in England/Wales under the registration number 08474419, with a registered address at E17 9BG, London, 309 Hoe Street.

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