Watchmaster ICP UK Ltd

Reference number: 751380

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Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

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 watchmaster.com first appeared online, and whether it can receive email
  • What kind of line 020 3510 0477 is
  • Who else gives the postcode EC1M 5NA
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Other names (1)

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

  • Watchmaster Trading name

Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (1 permission)
  • Credit Broking

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

  • Companies House records this company in liquidation, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
09795927
Company status
Liquidation
Company type
Private limited company
Incorporated
25 September 2015 (11 years old)
Registered office
2nd Floor 110 Cannon Street, London, EC4N 6EU
Nature of business
  • Retail sale of watches and jewellery in specialised stores (SIC 47770)
  • Retail sale via mail order houses or via Internet (SIC 47910)
  • Repair of watches, clocks and jewellery (SIC 95250)

Directors and company secretaries

Name Role Born Appointed Other companies
Thomas Charles Rickard Director May 1988 30 Sep 2022 None
WATCHMASTER ICP GMBH Corporate director Not published 30 Sep 2022 None

In the full report: every company its directors have run

  • Confirmation that these 2 directors run no other company
  • All 7 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 December 2021Small company accountsAudited

Net assets

−£712k

Down £183k from −£529k

Cash at bank

£1.48m

+595% from £212k

Employees (average)

6

Up 6 from 0

Owed within a year

£3.96m

+301% from £988k

Its next accounts are overdue at Companies House.

Net assets are negative: on its last balance sheet the company owed £712k more than it owned.

Assets and liabilities

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 09795927. 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

Watchmaster ICP UK’s history from the FCA register and Companies House, newest first.

Key events (6) All events (20)

2022

30 September 2022

  • Board replaced: both directors left and 2 new directors took over

Companies House

2016

1 November 2016

  • Board replaced: both directors left and a new director took over

Companies House

11 October 2016

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

6 April 2016

  • Watchmaster Icp Gmbh took control (75–100% of shares)

Companies House

2015

25 September 2015

  • Incorporated at Companies House

Companies House

In the full report: all 20 events

  • All 20 events in its history (6 shown here)
  • Every director appointment and resignation: 11
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Firms like Watchmaster ICP UK

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

In London

Ikea LimitedLondonAuthorisedArgos LimitedLondonAuthorisedMarks and Spencer P.L.C.LondonAuthorisedCurrys Group LimitedLondonAuthorisedNew Look Retailers LimitedLondonAuthorisedTicketmaster UK LimitedLondonAuthorised

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 Watchmaster ICP UK

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

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • All 20 events in its history

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Frequently asked questions about this firm

Is Watchmaster ICP UK Ltd FCA authorised?
Yes, Watchmaster ICP UK Ltd (FRN 751380) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since October 2016 and works as a retailer. The FCA has placed no limits on its permissions.
What is Watchmaster ICP UK’s phone number and website?
The FCA register lists the phone number 020 3510 0477 and the website watchmaster.com for Watchmaster ICP UK. If you were given different contact details, use these to check with the firm before going any further.
Is Watchmaster ICP UK a scam or clone?
Watchmaster ICP UK 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 Watchmaster ICP UK?
Watchmaster ICP UK is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Watchmaster ICP UK?
Watchmaster ICP UK is owned by Watchmaster Icp Gmbh, which holds 75–100% of shares and can appoint and remove the board, since 6 April 2016.
Who runs Watchmaster ICP UK?
Companies House lists 2 directors of Watchmaster ICP UK: Thomas Charles Rickard and Watchmaster Icp Gmbh.
How long has Watchmaster ICP UK been in business?
The company was formed on 25 September 2015. Companies House now lists it as liquidation.
What do Watchmaster ICP UK’s latest accounts show?
Its latest accounts, to 31 December 2021, show net assets of −£712k (down £183k from −£529k) and cash at bank of £1.48m (+595% from £212k). Its accounts are overdue at Companies House.
Does Watchmaster ICP UK use any other names?
It trades as Watchmaster.

Sources and links

The full report on Watchmaster ICP UK Ltd

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