WATCHES OF SWITZERLAND GROUP PLC
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
2,942
-3.3% lowest in 3 filed years
Profit before tax
£134m
+75.9% highest in 3 filed years
Watch the reel
Our short-form breakdown of WATCHES OF SWITZERLAND GROUP PLC's latest filing
Watches of Switzerland clocks a record £1.8bn in sales, aided by price hikes on Swiss imports. ⌚️📈
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-05-03
| Metric | Trend | 2024-04-28 | 2025-04-27 | 2026-05-03 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,537,900,000 | £1,651,500,000 | £1,827,900,000 | +10.7% | |
| Operating profit | £120,000,000 | £170,000,000 | £170,000,000 | 0% | |
| Profit before tax | £92,100,000 | £75,900,000 | £133,500,000 | +75.9% | |
| Net profit | £59,100,000 | — | £99,000,000 | — | |
| Cash | £115,700,000 | £98,900,000 | — | — | |
| Total assets less current liabilities | £1,047,700,000 | £1,163,800,000 | — | — | |
| Net assets | £523,000,000 | £539,600,000 | — | — | |
| Equity | £523,000,000 | £539,600,000 | — | — | |
| Average employees | 3,054 | 3,042 | 2,942 | -3.3% | |
| Wages | £132,000,000 | £151,500,000 | £69,500,000 | -54.1% | |
| Directors' remuneration | £1,216,271 | £1,757,630 | £1,323,000 | -24.7% | |
| Directors' pension contributions | £23,777 | £53,777 | — | — | |
| Highest paid director | — | £710,271 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-04-28 | 2025-04-27 | 2026-05-03 |
|---|---|---|---|---|
| Operating margin | 7.8% | 10.3% | 9.3% | |
| Net margin | 3.8% | — | 5.4% | |
| Return on capital employed | 11.5% | 14.6% | — | |
| Gearing (liabilities / total assets) | 60.5% | 63.4% | — | |
| Current ratio | 2.46x | 2.86x | — | |
| Interest cover | 4.07x | 4.46x | 4.66x |
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.
Name history
Renamed 2 times since incorporation
- WATCHES OF SWITZERLAND GROUP PLC 2019-05-30 → present
- WATCHES OF SWITZERLAND GROUP LIMITED 2019-05-15 → 2019-05-30
- JEWEL UK NEWCO LIMITED 2019-02-20 → 2019-05-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- ERNST & YOUNG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Directors have prepared the financial statements on the basis that the Group will continue to operate as a going concern.”
Significant events
- “Launch of the "Rolex Certified Pre-Owned" programme in March 2023.”
- “The acquisition of Roberto Coin Inc.”
- “The Group completed the acquisition of a majority stake in Deutsch & Deutsch (WO S) LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATTLEY, Laura | Secretary | 2021-03-15 | — | — |
| CARTER, Ian Russell | Director | 2020-11-01 | Sep 1961 | American |
| COLAIANNI, Teresa | Director | 2019-05-07 | Apr 1968 | British,Italian |
| DUFFY, Hugh Brian | Director | 2019-05-07 | Jul 1954 | British |
| EDGECLIFFE-JOHNSON, Paul Russell | Director | 2026-02-19 | Mar 1972 | British |
| MONCKTON, Rosamond Mary, The Hon | Director | 2019-05-07 | Oct 1953 | British |
| NOURI, Chabi | Director | 2022-05-03 | Dec 1973 | Swiss |
| ROMBERG, Lars Anders Ragnar | Director | 2023-05-12 | Jun 1963 | Swedish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EARDLEY, Paul | Secretary | 2019-05-07 | 2021-03-15 |
| BRODERICK, Anthony John | Director | 2019-02-20 | 2019-05-07 |
| FLOYDD, William James Spencer | Director | 2022-01-01 | 2023-05-12 |
| MILLARD, Dennis Henry | Director | 2019-05-07 | 2020-10-14 |
| MOORHEAD, Robert James | Director | 2019-05-07 | 2025-11-19 |
| NOTTIN, Fabrice Aurelien | Director | 2019-02-20 | 2020-12-16 |
| ROMBERG, Lars Anders Ragnar | Director | 2019-02-20 | 2022-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jewel Uk Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-20 | Ceased 2019-05-17 |
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type group | |
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-13 | SH06 | capital | Capital cancellation shares | |
| 2026-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-10 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | SH03 | capital | Capital return purchase own shares | |
| 2025-09-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-01 | SH03 | capital | Capital return purchase own shares | |
| 2025-08-01 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-11 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-04 | SH06 | capital | Capital cancellation shares | |
| 2025-06-23 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-23 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-19 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-17 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-10 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-05 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-03 | SH06 | capital | Capital cancellation shares | |
| 2025-06-02 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 14
- Officers appointed
- 1
- Officers resigned
- 1
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.