LUXURY TIMEPIECES (UK) LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-10 (in 9mo)
Last made up 2026-01-27
Watchouts
None on the register
Cash
£18K
-21.7% vs 2023
Net assets
£19M
-81% vs 2023
Employees
32
-17.9% vs 2023
Profit before tax
£5M
-94.3% vs 2023
Name history
Renamed 2 times since incorporation
- LUXURY TIMEPIECES (UK) LTD 2001-02-01 → present
- GUCCI TIMEPIECES (UK) LTD 1998-01-22 → 2001-02-01
- G WATCHES (UK) LTD 1997-11-20 → 1998-01-22
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,562,000 | £9,216,000 | |
| Operating profit | £87,353,000 | -£32,000 | |
| Profit before tax | £90,061,000 | £5,119,000 | |
| Net profit | £72,224,000 | £3,777,000 | |
| Cash | £23,000 | £18,000 | |
| Total assets less current liabilities | £101,672,000 | £19,738,000 | |
| Net assets | £101,446,000 | £19,323,000 | |
| Equity | £101,446,000 | £19,323,000 | |
| Average employees | 39 | 32 | |
| Wages | £1,954,000 | £2,163,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 913.5% | -0.3% | |
| Net margin | 755.3% | 41.0% | |
| Return on capital employed | 85.9% | -0.2% | |
| Current ratio | 46.77x | 6.01x | |
| Interest cover | 43676.50x | -5.33x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“There has been no material uncertainty identified which would cast significant doubt upon the Company's ability to continue using the going concern basis of accounting for at least the 12 months following the approval of this Annual Report.”
Significant events
- “From 1 December 2024, the Company rationalised its warehouse operations and after-sales service, which were previously managed internally. The change in these operating flows led to a reorganisation and a consequent reduction of 11 headcount in November 2024, and further reduction of 2 headcount in February 2025.”
- “The sale of investment property located at 32-33 Old Bond Street, London... for total consideration of £103,375,000.”
- “A dividend totalling £85,900,000 was paid during the year ended 31 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MENEGHELLO, Giorgio | Director | 2022-03-15 | Mar 1981 | Italian |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHALFEN SECRETARIES LIMITED | Corporate Secretary | 2004-06-01 | 2009-01-05 |
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 1997-11-20 | 2004-06-01 |
| ALISPACH, Jurg | Director | 2001-09-01 | 2004-04-30 |
| AURIOL, Jacques Philippe | Director | 2004-05-01 | 2006-10-01 |
| BLAKE, Brian | Director | 2000-03-28 | 2004-05-01 |
| BLAKE, Brian | Director | 1997-11-20 | 1997-12-17 |
| DE SOLE, Domenico | Director | 1997-11-20 | 2004-05-01 |
| DEGL' INNOCENTI, Claudio | Director | 1997-11-20 | 1998-07-31 |
| HOLLAND, Stephen | Director | 1998-10-23 | 2018-01-31 |
| JENKINS, Martyn | Director | 2018-03-08 | 2024-06-24 |
| LAURETTA, Paolo | Director | 2001-03-02 | 2004-09-24 |
| LE DIVELEC LEMMI, Micaela | Director | 2009-09-01 | 2014-11-01 |
| LEWIS, Simon | Director | 1997-12-17 | 1998-10-23 |
| MAGADA, Aldo | Director | 2000-03-28 | 2001-09-01 |
| MILLET, Michel | Director | 2006-10-01 | 2012-05-31 |
| PICCINI, Moreno | Director | 2025-10-01 | 2026-02-24 |
| RODRIGUES DE O. DA SILVA ANTUNES, Patricia Carla | Director | 2012-06-01 | 2022-03-15 |
| SINGER, Robert Steven | Director | 1997-11-20 | 2004-05-01 |
| VALENTE, Alberto | Director | 2014-11-01 | 2025-09-24 |
| VANANTY, Dominique | Director | 1997-12-17 | 2000-03-17 |
| WOOD, Jonathan | Director | 1998-10-23 | 2009-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kering Sa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-13 | Active |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-10-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-02 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-06 | CH01 | officers | Change person director company with change date | |
| 2024-01-25 | AD02 | address | Change sail address company with old address new address | |
| 2023-03-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-14 | AA | accounts | Accounts with accounts type full | |
| 2022-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-11 | AD02 | address | Change sail address company with old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-3.6%
£9,562,000 £9,216,000
-
Cash
-21.7%
£23,000 £18,000
-
Net assets
-81%
£101,446,000 £19,323,000
-
Employees
-17.9%
39 32
-
Operating profit
-100%
£87,353,000 -£32,000
-
Profit before tax
-94.3%
£90,061,000 £5,119,000
-
Wages
+10.7%
£1,954,000 £2,163,000
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