WATCHES OF SWITZERLAND OPERATIONS LIMITED

1. WATCHES OF SWITZERLAND OPERATIONS LIMITED 2019-05-15 → present
2. THE WATCHES OF SWITZERLAND GROUP LIMITED 2018-09-03 → 2019-05-15
3. AURUM HOLDINGS LIMITED 2007-06-01 → 2018-09-03
4. GOLDSMITHS GROUP LIMITED 2004-10-19 → 2007-06-01
5. GODFREY HOLDINGS LIMITED 2004-04-30 → 2004-10-19
6. HS 220 LIMITED 2004-03-16 → 2004-04-30

Latest accounts filed cover 2025-04-30; financial figures currently reflect up to 2025-04-27.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing whether the going concern basis of accounting is appropriate, the Directors of the Group have reviewed various trading scenarios, including potential severe but plausible scenarios and performed a reverse stress test. The Group directors have also considered whether there were any events or conditions occurring just outside the going concern period that should be considered in their assessment, including whether the going concern period needed to be extended. The Group's Board believes that the Group is able to adequately manage its financing and principal risks, and that the Group will be able to operate within the level of its facilities and meet the required covenants for the going concern period to 31 October 2026. 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

1. WATCHES OF SWITZERLAND OPERATIONS LIMITED · parent
   1. Aurum Acquisitions Limited 100% · England and Wales
   2. WOSG (Ireland) Limited 100% · Ireland
   3. Watches of Switzerland Group (Denmark) Aps 100% · Denmark · Retailer
   4. Watches of Switzerland Group (Sweden) AB 100% · Sweden
   5. W123 BV 100% · Netherlands
   6. WOSG (Germany) GmbH 100% · Germany
   7. WoS Dormant 1 Limited 100% · England and Wales
   8. WoS Dormant 2 Limited 100% · England and Wales
   9. Watches of Switzerland Company Limited 100% · England and Wales · Retailer
   10. Mappin & Webb Limited 100% · England and Wales · Trading
   11. Goldsmiths Limited 100% · England and Wales
   12. Aurum Insurance (Guemsey) Limited 100% · Guernsey · Captive insurance company
   13. Watches of Switzerland Limited 100% · England and Wales
   14. Aurum Pension Trustees Limited 100% · England and Wales · Pension trustee company
   15. Audemars Piguet (Manchester) Limited 40% · England and Wales
   16. Watches of Switzerland Group USA Inc. 100% · USA · Holding company
   17. Watches of Switzerland (Nevada) LLC 100% · USA · Retailer
   18. Watches of Switzerland (A/S) LLC 100% · USA · Retailer
   19. Watches of Switzerland LLC 100% · USA · Retailer
   20. Mayors Jewellers LLC 100% · USA · Retailer
   21. Mayors Jewellers Florida LLC 100% · USA · Retailer
   22. Roberto Coin Inc. 100% · USA · Wholesaler and Retailer
   23. Hodinkee LLC 100% · USA · Holding
   24. RC Employee Services LLC 100% · USA
   25. RBC 100 LLC 100% · USA
   26. Hodinkee Insurance Holding Inc. 100% · USA · Holding
   27. Hodinkee Insurance Agency Inc. 100% · USA · Trading

Significant events

• “On 13 December 2024, the Group refinanced and repaid its $115.0 million term loan facility which was originally taken out to finance the Roberto Coin Inc. acquisition with a new £150.0 million facility, being made up of a £100.0 million Term Loan and £50.0 million multicurrency revolving credit facility.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -63.7%

  £1,697,879 → £616,669

• Net assets

  -1.7%

  £206,437,740 → £202,970,683

• Employees

  —

  Not reported

• Profit before tax

  +1,097%

  -£7,271,114 → £72,489,737

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.