WATCHES OF SWITZERLAND COMPANY LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-10-31 (in 5mo)
Last made up 2025-10-17
Watchouts
None on the register
Cash
£43M
-26.6% vs 2024
Net assets
£264M
-20.8% vs 2024
Employees
2,382
+2.8% vs 2024
Profit before tax
£9M
-76.4% vs 2024
Name history
Renamed 7 times since incorporation
- WATCHES OF SWITZERLAND COMPANY LIMITED 2018-09-03 → present
- AURUM GROUP LIMITED 2007-08-22 → 2018-09-03
- GOLDSMITHS LIMITED 2006-11-02 → 2007-08-22
- GOLDSMITHS PLC 2004-08-24 → 2006-11-02
- GOLDSMITHS LIMITED 2000-01-10 → 2004-08-24
- GOLDSMITHS (JEWELLERS) LIMITED 1989-11-22 → 2000-01-10
- THE GOLDSMITHS GROUP LIMITED 1984-11-26 → 1989-11-22
- NORTHERN GOLDSMITHS PLC(THE) 1917-02-20 → 1984-11-26
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-04-27
Latest accounts filed cover 2025-04-30; financial figures currently reflect up to 2025-04-27.
| Metric | Trend | 2024-04-28 | 2025-04-27 |
|---|---|---|---|
| Turnover | £832,766,000 | £855,450,000 | |
| Operating profit | £31,522,000 | £16,095,000 | |
| Profit before tax | £37,582,000 | £8,852,000 | |
| Net profit | £24,059,000 | £2,077,000 | |
| Cash | £58,163,000 | £42,714,000 | |
| Total assets less current liabilities | £369,259,000 | £504,280,000 | |
| Net assets | £333,396,000 | £264,180,000 | |
| Equity | £333,396,000 | £264,180,000 | |
| Average employees | 2,317 | 2,382 | |
| Wages | £76,200,000 | £83,158,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-04-28 | 2025-04-27 |
|---|---|---|---|
| Operating margin | 3.8% | 1.9% | |
| Net margin | 2.9% | 0.2% | |
| Return on capital employed | 8.5% | 3.2% | |
| Gearing (liabilities / total assets) | 37.7% | 45.1% | |
| Current ratio | 1.49x | 2.26x | |
| Interest cover | 5.95x | 0.72x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, having made enquiries and assessed the responses of the Directors of Watches of Switzerland Group PLC, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Watches of Switzerland Group to continue as a going concern or its ability to continue with the current banking arrangements. On the basis of these enquiries, the support assured by Watches of Switzerland Group PLC, and the assessment of the Company's financial position, the Directors have a reasonable expectation that the Company has adequate resources to continue its operations for the period to 31 October 2026. For this reason, they have continued to adopt the going concern basis in preparing these Financial Statements.”
Group structure
- WATCHES OF SWITZERLAND COMPANY LIMITED · parent
- Mappin & Webb Limited 100%
- Watches of Switzerland Limited 100%
- Aurum Pension Trustees Limited 100%
- Audemars Piguet (Manchester) Limited 40%
- Watches of Switzerland Group USA Inc. 100%
- Watches of Switzerland LLC 100%
- Watches of Switzerland (A/S) LLC 100%
- Watches of Switzerland (Nevada) LLC 100%
- Mayors Jewelers LLC 100%
- Mayors Jewelers of Florida LLC 100%
- Roberto Coin Inc. 100%
- Hodinkee LLC 100%
- RC Employee Services LLC 100%
- RBC 100 LLC 100%
- Hodinkee Insurance Holding Inc. 100%
- Hodinkee Insurance Agency Inc. 100%
Significant events
- “On 17 November 2023, the Company acquired the trade and assets of 15 showrooms from retailers' Ernest Jones and Signet Trading Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATTLEY, Laura | Secretary | 2021-03-15 | — | — |
| BOLTON, Craig | Director | 2020-03-09 | Jan 1972 | British |
| DUFFY, Hugh Brian | Director | 2014-02-12 | Jul 1954 | British |
| ROMBERG, Lars Anders Ragnar | Director | 2023-05-12 | Jun 1963 | Swedish |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EARDLEY, Paul Rex | Secretary | 2019-08-29 | 2021-03-15 |
| OLIFF, Gillian | Secretary | 1997-10-13 | 2019-08-29 |
| SARGENT, Stephen Clive | Secretary | — | 1997-10-13 |
| BENFORD, Ruth Georgina | Director | 2010-01-21 | 2019-10-23 |
| BOLTON, Craig | Director | 2010-01-21 | 2019-10-23 |
| BRODERICK, Anthony John | Director | 2004-05-12 | 2020-04-30 |
| COOK, James Sinclair | Director | 2010-01-21 | 2013-02-28 |
| CRICHTON, James Smyth | Director | 2010-01-21 | 2019-10-23 |
| DAVIES, Emma Susan | Director | 2014-08-27 | 2016-10-31 |
| FISHER, Alex | Director | 2016-05-17 | 2018-02-12 |
| FLOYDD, William James Spencer | Director | 2022-01-01 | 2023-06-13 |
| GALTON, Elizabeth Leocadia | Director | 2012-10-29 | 2017-11-30 |
| GERRARD, Richard Edwin | Director | 2007-08-20 | 2014-07-31 |
| GOAD, Paul Richard | Director | — | 1997-04-04 |
| GRAHAM, Michael Steven | Director | 2014-05-21 | 2014-10-31 |
| LE TROQUER, Francois Maurice | Director | 2014-06-18 | 2016-02-29 |
| MCCARTHY, Donald | Director | 2008-02-27 | 2012-12-01 |
| OLIFF, Gillian | Director | 2008-02-27 | 2010-01-21 |
| PARKER, Deon Alan | Director | 2010-01-21 | 2014-07-25 |
| PHILPOTT, Robin | Director | 1997-08-01 | 2002-12-27 |
| PIASECKI, Jerzy Stanislaw | Director | — | 2007-10-27 |
| ROMBERG, Lars Anders Ragnar | Director | 2014-11-03 | 2022-02-25 |
| SARGENT, Stephen Clive | Director | — | 2013-09-18 |
| STEAD, Justin Paul David | Director | 2007-08-20 | 2014-02-12 |
| SUMMERS, Jeffrey | Director | 2008-01-23 | 2009-07-31 |
| WALTERS, Eric | Director | — | 1994-09-20 |
| WEST, James Edward | Director | — | 2007-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aurum Acquisitions Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 350 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | AA | accounts | Accounts with accounts type full | |
| 2025-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-22 | AA | accounts | Accounts with accounts type full | |
| 2024-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-24 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-17 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-16 | CH01 | officers | Change person director company with change date | |
| 2021-11-12 | CH01 | officers | Change person director company with change date | |
| 2021-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-04-21 | AA | accounts | Accounts with accounts type full | |
| 2021-03-24 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-04-27 vs 2024-04-28
-
Turnover
+2.7%
£832,766,000 £855,450,000
-
Cash
-26.6%
£58,163,000 £42,714,000
-
Net assets
-20.8%
£333,396,000 £264,180,000
-
Employees
+2.8%
2,317 2,382
-
Operating profit
-48.9%
£31,522,000 £16,095,000
-
Profit before tax
-76.4%
£37,582,000 £8,852,000
-
Wages
+9.1%
£76,200,000 £83,158,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Heads up: a more recent set of accounts has been filed but isn't yet reflected here — the figures above are older than the company's latest filing.