Time Products creates “base for profitable growth” against flat financials
Time Products, which owns three trademarks — Sekonda, Accurist and Limit — has released its financial results for the year ending 31 January 2026.
Turnover was down -5.6% to £24,001,773, with the company saying that “increased freight charges and the additional costs of exporting to Europe continue to bring challenges.”
It did also say that it has restructured and streamlined its business operations, which enabled it to remove around £1 million in annualised costs.
“Sekonda has a unique niche in the marketplace, especially in the airport and Duty Free business where we are present in 50 countries,” Time Products said. “We have seen growth in this area in the last year and expect this to continue in the year ahead with the opportunity to work with new partners.”
It also heaped praise on its smart watch offering, despite that market segment having proved challenging for other manufacturers in recent times. “Our new products have been very well received and, despite challenging market conditions, we have seen significant growth in smart watches with double digit growth of 20% year-on-year.”
Year-on-year operating profit is difficult to track, as last year’s figure was distorted by a loan waiver of £23.9 million. This made it look like an operating profit of £23.8 million, but without the loan waiver this figure was around -£58,000. The figure for the year ending 31 January was -£538,965.
