How much does Best Quality Watches Limited make?

Best Quality Watches Limited reported revenue of £23.2m and a loss of £70.2k in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Best Quality Watches Limited have?

Best Quality Watches Limited reported an average of 28 employees in the year to 30 Jun 2025.

Is Best Quality Watches Limited profitable?

No — Best Quality Watches Limited reported a loss of £70.2k in the year to 30 Jun 2025.

Company No. 07067258 · Incorporated 5 Nov 2009

Best Quality Watches Limited

Registered name: BEST QUALITY WATCHES LIMITED

Best Quality Watches Limited made £23.2m revenue and a £70.2k loss in the year to 30 Jun 2025.

Best Quality Watches Limited’s revenue fell 2% to £23.2m in the year to 30 Jun 2025, with a loss of £70.2k and 28 employees. The company is classified under “retail sale of watches and jewellery in specialised stores” and is based in Radlett; 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 stores

Status: Active
Location: Radlett, East of England
Age: 16 yrs · since 2009
Type: Private Limited Company

Latest accounts · year to 30 Jun 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£23.2m

Growth ▼2.4%

Profit

−£70.2k

Growth ▼125%

Profit margin

−0.3%

Gross 13.6%

Employees

Change ▲12%

Profit / employee

−£2.5k

Revenue/employee £827k

Profitable streak

0yrs

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 to	30 Jun 2022	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£29.2m	£19.9m	£23.7m	£23.2m
Cost of sales	£26.3m	£17.8m	£20.9m	£20m
Gross profit	£2.9m	£2.1m	£2.8m	£3.1m
Operating profit	£839k	£284k	£578k	£492k
Profit before tax	£382k	−£60k	£316k	−£63.7k
Profit after tax	£257k	£260	£282k	−£70.2k
Profit (best available)	£257k	£260	£282k	−£70.2k
Staff costs	£732k	£770k	£849k	£963k
Employees (average)	21	24	25	28
Ratios
Profit margin	0.9%	0%	1.2%	−0.3%
Gross margin	9.8%	10.5%	12%	13.6%
Revenue per employee	£1.4m	£828k	£949k	£827k
Profit per employee	£12.2k	£11	£11.3k	−£2.5k
Cash conversion	−393.5%	628.1%	600.9%	553.6%
Growth (year on year)
Revenue growth	—	▼31.9%	▲19.4%	▼2.4%
Profit growth	—	▼99.9%	▲108172%	▼125%
Headcount growth	—	▲14.3%	▲4.2%	▲12%
Balance sheet — indirect signals, not revenue
Cash at bank	£543k	£1.4m	£1.4m	£1.7m
Net assets	£2.9m	£2.8m	£2.9m	£2.7m
Fixed assets	£172k	£1.3m	£1.3m	£1.2m
Current assets	£11.4m	£9.7m	£7.2m	£6.3m
Debtors	£743k	£537k	£331k	£333k
Deferred income	£594k	£80.3k	£81.1k	£802k
Cash from operations	−£3.3m	£1.8m	£3.5m	£2.7m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −0.3%; Profit ÷ revenue.
Gross margin: 13.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £827k; Revenue ÷ average employees.
Profit per employee: −£2.5k; Profit ÷ average employees.
Cash conversion: 553.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.4%; 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: ▼7%; Now £2.7m
Cash at bank: ▲19%; Now £1.7m
Headcount: ▲12%; Now 28
Deferred income: ▲889%; Now £802k
Fixed assets: ▼11%; Now £1.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit −£70.2k), 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.