Skip to content
CompanySight
Sign in
Company No. 05970282 · Incorporated 18 Oct 2006

Official Watches Limited

Registered name: OFFICIAL WATCHES LIMITED

Official Watches Limited made £29.9m revenue and £171k profit in the year to 30 Mar 2025.

Official Watches Limited’s revenue grew 45% to £29.9m in the year to 30 Mar 2025, with £171k profit and 22 employees. The company is classified under “retail sale of watches and jewellery in specialised stores” and is based in Finchley; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47770Retail sale of watches and jewellery in specialised storesSIC 95250Repair of watches, clocks and jewellery
Status
Active
Location
Finchley, London
Age
20 yrs · since 2006
Type
Private Limited Company
Latest accounts · year to 30 Mar 2025

Key figures

IndependentCapital-lightOperating leverageCash flow filed
Revenue
£29.9m
Growth ▲45.2%
Profit
£171k
Growth ▲55.3%
Profit margin
0.6%
Gross 9%
Employees
22
Change ▲4.8%
Profit / employee
£7.8k
Revenue/employee £1.4m
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Mar 202230 Mar 202330 Mar 202430 Mar 2025
DisclosureNo P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)—£17.4m£20.6m£29.9m
Cost of sales—£15.6m£18.4m£27.2m
Gross profit—£1.8m£2.2m£2.7m
Operating profit—£592k£520k£696k
Profit before tax—£335k£213k£362k
Profit after tax—£248k£110k£171k
Profit (best available)—£248k£110k£171k
Staff costs—£293k£437k£603k
Employees (average)18202122
Ratios
Profit margin—1.4%0.5%0.6%
Gross margin—10.5%10.5%9%
Revenue per employee—£872k£981k£1.4m
Profit per employee—£12.4k£5.2k£7.8k
Cash conversion—−107.3%−92.5%−88.5%
Growth (year on year)
Revenue growth——▲18.1%▲45.2%
Profit growth——▼55.7%▲55.3%
Headcount growth—▲11.1%▲5%▲4.8%
Balance sheet — indirect signals, not revenue
Cash at bank£255k£207k£93.6k£282k
Net assets£1.5m£1.5m£1.5m£1.6m
Fixed assets£419k£496k£414k£584k
Current assets£4.4m£5.1m£6m£8m
Debtors£306k£0£0£11.5k
Cash from operations—−£635k−£481k−£616k
SourceAccounts · bulk data Feb 2024Accounts · bulk data Feb 2024FullAccounts · bulk data Mar 2025FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
0.6%
Profit ÷ revenue.
Gross margin
9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1.4m
Revenue ÷ average employees.
Profit per employee
£7.8k
Profit ÷ average employees.
Cash conversion
−88.5%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
1.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲6%
Now £1.6m
Cash at bank
▲201%
Now £282k
Headcount
▲5%
Now 22
Deferred income
—
Now —
Fixed assets
▲41%
Now £584k
Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Mar 2025 (profit £171k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 17 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.