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Mdn Watches Ltd

08230149

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

19 THE CIRCLE, LONDON, SE1 2JE
Incorporated 26/09/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47770
Retail sale of watches and jewellery in specialised stores
95250
Repair of watches, clocks and jewellery

Officers

Mr Matteo Di Napoli

director · Since 26/09/2012

COMPANY DIRECTOR

ITALIAN · ENGLAND · Age 38

Persons with Significant Control

Mr Matteo Di Napoli

75–100% shares
75–100% votes

Italian · England · Age 38

19, The Circle, London, SE1 2JE

Notified 06/04/2016

CompanyRankvs 503+ SIC 47770 peers
80

Financial strength98th percentile among SIC peers · 25/25
Employees38th percentile among SIC peers · 6/15
LiquidityCurrent ratio 2.31× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£313k

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£2.2M

Current Liabilities

£936k

Fixed Assets

£188k

Debtors

£706k

1avg. employees

Tax at Year End

Corp tax£100k
VAT£755

Director Loans

Company owes directors£13k

Balance Sheet

Assets less current liabilities£1.4M
Signed by Mr Matteo Di Napoli 30/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.31+£577k£15k
20231.72+£76k£864k
20221.65+£337k£303k
20211.43+£38k£147k
20191.44+£149k£29k
20183.59

Derived from filed accounts. Not audited figures.