Horological Meandering - Profitability

Profitability

May 26, 2017,01:27 AM

I have no problem in understanding the low net margins for a UK registered unlisted company. Just assuming: Directors' bonuses/fees/remuneration are charges against profits so the annual profits of the business would have likely been extracted in that way and saved considerable corporation tax. Net profits retained would then be available to be paid as dividends to the shareholders.

Interesting legal case.

Reflecting on Cazalea's observations, I have been at the UK High Court of Justice as a claimant in a former small business partnership many years ago. In hindsight it was a mug's game where passions were raised. The specific court order prevents the airing of the details. The lawyers won. The defendants paid them two and a half times the amounts I had to pay them. Spiteful? You bet!

Best

Clive

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Interesting legal judgment re. "Watchfinder"

By: Incandenza : May 25th, 2017-08:40

Some of you may be familiar with the "Watchfinder" website, which buys and sells used watches in the UK. In the course of my work, I came across a recent legal judgment in which the Court found against Watchfinder in a shareholder dispute. The judgment sh...

Very instructive (and tedious) reading ...

By: cazalea : May 25th, 2017-10:03

which goes to show that you have to be quite wary when going into partnership or even entering into a services agreement, because a "marriage" is enjoyable and can be done quickly in passion, but a divorce is painful and drawn-out (speaking here of compan...

Just Wow! what an interesting read

By: marcobermann : May 25th, 2017-19:19

I really love reading about just how the law works and is implemented and for me that made for some really fascinating and educational reading. If I'm honest these sort of disputes as can be seen in this case usually start but not making clear at the star...

Profitability

By: chippyfly : May 26th, 2017-01:27

Financials

By: blacksun80 : May 26th, 2017-04:27

UK is a very transparent country, you can find their financials in the online companies house for free: - then click on Full Accounts 2016 61m sales, 51m cost of goods sold, 3.3m operating profit essentially they have ~16% gross margin on watch sold befo...

Companies House

By: chippyfly : May 26th, 2017-05:06

I use the Cos Hs website on a weekly basis for my work researching and filing information online there. It is now much better than it used to be. I did not bother to look up Watchfinder. Best Clive