{"id":39400,"date":"2018-01-09T15:54:51","date_gmt":"2018-01-09T15:54:51","guid":{"rendered":"https:\/\/www.watchpro.com\/?p=39400"},"modified":"2018-01-09T15:54:51","modified_gmt":"2018-01-09T15:54:51","slug":"watchfinder-races-become-britains-fourth-largest-watch-retailing-group","status":"publish","type":"post","link":"https:\/\/www.watchpro.com\/watchfinder-races-become-britains-fourth-largest-watch-retailing-group\/","title":{"rendered":"Watchfinder races to become Britain&#8217;s fourth largest watch retailing group"},"content":{"rendered":"<p><strong>Watchfinder.co.uk Limited turnover has rocketed by 43% to \u00a386.7 million in the financial year that ended March 31, 2017.<\/strong><\/p>\n<p>Operating profit rose even faster, by 66% to \u00a35.53 million.<\/p>\n<p>\u00a386.7 million makes Watchfinder.co.uk the fourth largest watch retailer in the UK, behind only Aurum Holdings, Signet Jewelers and Beaverbrooks. The pre-owned watch specialist overtakes Fraser Hart for the first time.<\/p>\n<p>Watchfinder may already be bigger than Beaverbrooks as well. Watchfinder told the<em> Sunday Times<\/em> in December that its current annualised turnover is \u00a3120 million in a report about <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.watchpro.com\/watchfinder-named-among-fastest-growing-companies-in-the-uk-by-sunday-times\/\">Britain&#8217;s Fastest Growing Companies<\/a><\/strong><\/span>. Beaverbrooks turnover has been \u00a3119 million for the past two years.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-39404\" src=\"https:\/\/www.watchpro.com\/2018\/01\/watchfinder-turnover.jpg\" alt=\"watchfinder turnover\" width=\"1612\" height=\"923\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-39403\" src=\"https:\/\/www.watchpro.com\/2018\/01\/watchfinder-operating-profit.jpg\" alt=\"watchfinder operating profit\" width=\"1635\" height=\"1045\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The directors are extremely pleased with the performance of the company during the year ended March 31 2017. We have exceeded our targets for the year,&#8221; said Watchfinder chief executive Stuart Hennell.<\/p>\n<p>Strategic developments in the 2016-17 financial year are listed by Mr Hennell as:<\/p>\n<ul>\n<li>Continued to scale up the servicing department with additional manufacturer accreditations<\/li>\n<li>Secured authorisation to display manufacturer IP (intellectual property) on the website<\/li>\n<li>A significant restructuring of our marketing department with the appointment of a new head of marketing<\/li>\n<li>Pursued a UK-wide TV advertising campaign<\/li>\n<li>Launched a new fully responsive website<\/li>\n<li>Developed a key performance indicator inventory profile management system.<\/li>\n<\/ul>\n<p>Watchfinder is predominately an online business, but has seven physical stores in the UK today. Mr Hennell said this network would have expanded faster if Brexit hadn&#8217;t created uncertainty in the financial year. A planned expansion into mainland Europe was also delayed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watchfinder.co.uk Limited turnover has rocketed by 43% to \u00a386.7 million in the financial year that ended March 31, 2017. Operating profit rose even faster, by 66% to \u00a35.53 million. \u00a386.7 million makes Watchfinder.co.uk the fourth largest watch retailer in the UK, behind only Aurum Holdings, Signet Jewelers and Beaverbrooks. The pre-owned watch specialist overtakes Fraser [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":36989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_hide_updated_date":false},"categories":[7039,7024,2,3],"tags":[207,315,275],"newspack_lstngs_evt":[],"newspack_lstngs_gen":[],"newspack_lstngs_mkt":[],"newspack_lstngs_plc":[],"acf":[],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"WATCHPRO","distributor_original_site_url":"https:\/\/www.watchpro.com","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/39400"}],"collection":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/comments?post=39400"}],"version-history":[{"count":0,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/39400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media\/36989"}],"wp:attachment":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media?parent=39400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/categories?post=39400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/tags?post=39400"},{"taxonomy":"newspack_lstngs_evt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_evt?post=39400"},{"taxonomy":"newspack_lstngs_gen","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_gen?post=39400"},{"taxonomy":"newspack_lstngs_mkt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_mkt?post=39400"},{"taxonomy":"newspack_lstngs_plc","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_plc?post=39400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}