The Watch Section Ltd

Reference number: 1035250

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Introducer appointed representative

This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.

Responsible principal firm

IDEAL SALES SOLUTIONS LTD Reference number: 703401 Authorised View firm →
What does this mean?
  • An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
  • The Watch Section Ltd (FRN 1035250) introduces customers to IDEAL SALES SOLUTIONS LTD (FRN 703401). Any regulated advice or arranging is done by the principal, not The Watch Section.
  • Example: if The Watch Section refers you to a financial adviser, the advice should come from the principal firm, not from The Watch Section itself.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When thewatchsection.com first appeared online, and whether it can receive email
  • What kind of line 020 3143 1413 is
  • Who else gives the postcode E14 9UD
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • TWS Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Ideal Sales Solutions Ltd, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Concerns on the company record

  • Accounts are overdue at Companies House.
Company number
13088474
Company status
Active
Company type
Private limited company
Incorporated
17 December 2020 (5 years old)
Registered office
London Diamond District, 36 Hatton Garden, London, EC1N 8EB, England
Nature of business
  • Retail sale of watches and jewellery in specialised stores (SIC 47770)

Directors and company secretaries

Name Role Born Appointed Other companies
Khalid Pender Director Aug 1986 17 Dec 2020 1 other company

Other companies run by its director

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other company
1
closed down
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2024Micro-entity accountsNot audited

Net assets

−£62.8k

−541% from £14.2k

Employees (average)

2

+100% from 1

Owed within a year

£124k

+63% from £76.1k

Its next accounts are overdue at Companies House.

Net assets are negative: on its last balance sheet the company owed £62.8k more than it owned.

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2021 to 2024
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 13088474. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

The Watch Section’s history from the FCA register and Companies House, newest first.

Key events (7) All events (13)

2025

4 June 2025

  • Became an introducer appointed representative

FCA register

4 March 2025

  • Lorenzo Markos Toumazos stopped being a part-owner

Companies House

2024

5 August 2024

  • Lorenzo Markos Toumazos became a part-owner (25–50% of shares)

Companies House

2021

1 March 2021

  • Andrew Olugbenga Aderemi stopped being a part-owner

Companies House

2020

17 December 2020

  • Incorporated at Companies House
  • Andrew Olugbenga Aderemi became a part-owner (25–50% of shares)
  • Khalid Pender became a part-owner (25–50% of shares)

Companies House

In the full report: all 13 events

  • All 13 events in its history (7 shown here)
  • Every director appointment and resignation: 5
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Firms like The Watch Section

Other firms of the same type (retailer), nearest first.

In London

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Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on The Watch Section

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 1 other company its directors have run, named
  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 13 events in its history

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Frequently asked questions about this firm

Is The Watch Section Ltd FCA authorised?
The Watch Section Ltd (FRN 1035250) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does introducer appointed representative mean for The Watch Section?
An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own. The Watch Section Ltd (FRN 1035250) introduces customers to IDEAL SALES SOLUTIONS LTD (FRN 703401). Any regulated advice or arranging is done by the principal, not The Watch Section. Example: if The Watch Section refers you to a financial adviser, the advice should come from the principal firm, not from The Watch Section itself. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is The Watch Section’s phone number and website?
The FCA register lists the phone number 020 3143 1413 and the website thewatchsection.com for The Watch Section. If you were given different contact details, use these to check with the firm before going any further.
Is The Watch Section a scam or clone?
The Watch Section is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with The Watch Section?
Protection works through Ideal Sales Solutions Ltd, the principal firm responsible for The Watch Section's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns The Watch Section?
Companies House lists one person with significant control of The Watch Section: Mr Khalid Pender (25–50% of shares). Before that, it was controlled by Mr Lorenzo Markos Toumazos and Andrew Olugbenga Aderemi.
Who runs The Watch Section?
Companies House lists one director of The Watch Section: Khalid Pender.
How long has The Watch Section been in business?
The company was formed on 17 December 2020.
What do The Watch Section’s latest accounts show?
Its latest accounts, to 31 December 2024, show net assets of −£62.8k (−541% from £14.2k). Its accounts are overdue at Companies House.
Does The Watch Section use any other names?
It trades as TWS.

Sources and links

The full report on The Watch Section Ltd

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