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Mdn Watches Ltd

08230149

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

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

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 12/03/2026

Due 26/03/2027

On track

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 39

Persons with Significant Control

Mr Matteo Di Napoli

75–100% shares
75–100% votes

Italian · England · Age 39

19, The Circle, London, SE1 2JE

Notified 06/04/2016

CompanyRankvs 506+ SIC 47770 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees38th percentile among SIC peers · 6/15
LiquidityCurrent ratio 2.8× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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506Mdn Watches Ltd
79
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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going conc

Key FinancialsYear ending 31/10/2025

Net Worth

£1.5M

Balance sheet strength

Cash

£284k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£2.0M

Current Liabilities

£729k

Fixed Assets

£153k

Debtors

£494k

1avg. employees

Tax at Year End

Corp tax£89k
VAT£32k

Director Loans

Company owes directors£13k

Balance Sheet

Assets less current liabilities£1.5M
Signed by Mr Matteo Di Napoli 08/07/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20252.80+£67k£649k
20242.31+£577k£15k
20231.72—£864k

Derived from filed accounts. Not audited figures.