WATCHFINDER.CO.UK LIMITED

PaymentCheck Score 2022
88Good
18.5vs last year
#1057 in UK
#36 in Creative
#494 in London

Company Information

Company Number
04524723
Registered Address
15 Hill Street, London, England, W1J 5QT
Status
Active
Employee Count
241
Turnover
£101,029,000
EBITDA
-£10,675,000

Additional Details

Company Type
Private limited Company
Incorporated On
3 September 2002
Nature of Business
47990 - Other retail sale not in stores, stalls or markets
Industries
Creative,Media And Publishing,Software,Supply Chain,Manufacturing And Commerce Models
Region
London

Time to Pay

Average Time to Pay
17 days
Shortest Period:3 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
98%
31-60 Days
1%
After 60 Days
1%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-02-08
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2022 - 30 Sept 202208 Feb 20231798%1%1%1%
01 Oct 2021 - 31 Mar 202226 Aug 20224177%11%12%63%
01 Apr 2021 - 30 Sept 202126 Aug 20223683%8%9%59%
01 Sept 2020 - 31 Mar 202105 May 20214666%20%14%35%
01 Apr 2019 - 30 Sept 201915 Oct 20191973%25%2%45%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard Contractual length for payment of invoice is 30 Days. There are numerous instances where shorter/longer payment terms are in place.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

Disputes are resolved by email or telephone conversations

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

WATCHFINDER.CO.UK LIMITED is a luxury watch retailer based in the United Kingdom. The company offers a wide selection of high-end watches from top brands such as Rolex, Omega, and Cartier. Their website, watchfinder.co.uk, allows customers to browse and purchase their products online.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have partnered with the Woodland Trust to plant trees and offset their carbon emissions. They also use recycled materials for their packaging and strive to reduce waste in their operations.

The key people at WATCHFINDER.CO.UK LIMITED include the founder and CEO, Stuart Hennell, and the managing director, Matt Bowling. Under their leadership, the company has grown to become one of the leading luxury watch retailers in the UK.

Customers can contact WATCHFINDER.CO.UK LIMITED through their website or by visiting one of their physical stores located in London, Maidstone, and Leeds. The registered office address for the company is 37 St George Street, Mayfair, London, W1S 2FN.

In summary, WATCHFINDER.CO.UK LIMITED is a reputable and sustainable luxury watch retailer in the UK, offering a wide range of high-end products. With a commitment to sustainability and a strong leadership team, the company continues to thrive in the luxury watch market.

Financial Metrics

Cash
£1,373,864
Net Worth
£19,913,635
Total Current Assets
£33,951,442
Total Current Liabilities
£17,554,489

Company Location