Emergency Liquidation: Court Order Forces Luxury Watch Company to Sell Rolex Watches for Under £60
On 1 October 2026, a court ordered the liquidation of assets held by Le Parc Horologie, which had accumulated millions in tax and labor debts. The revenue generated would help repay those debts.
In the United Kingdom since the early 2000s, the French luxury-watch company Le Parc Horologie has served British consumers with premium products.
Operating in a large import market, the company, which also manufactured designer products, stood out in the luxury sector. Celebrities promoted its products, which appeared in luxury magazines and television programs in the United Kingdom.
The appeal of its products did not prevent the company from struggling during the pandemic. It decided to maintain its payroll amid the restrictions in 2020, accumulating debts that hindered its recovery in the following years.
History
Le Parc Horologie established itself in the south of the United Kingdom in the early 2000s, when it obtained tax breaks and created jobs for hundreds of people.
The company quickly gained market share amid high-priced imported products. Its selection of Rolex watches attracted attention for their detailed design and refinement.
In 2007, the factory already had a colossal volume of watches in its inventory, supplying the national market and the shelves of neighboring countries such as Switzerland and France.
From last gasp to bankruptcy
After reaching its peak in mid-2015, the factory went through difficult times due to the economic crisis affecting the entire country.
After a brief recovery in 2018 and 2019, the company had to keep its doors closed in 2020, but decided to retain its employees and keep their payroll up to date, hoping for a quick end to the global epidemic.
Like thousands of businesses across the country, Le Parc Horologie accumulated debt and declared bankruptcy in 2021, after a legal battle with employees seeking their labor rights.
The debt was estimated at 109 million pounds.
The judicial determination
Following the court ruling, liquidation proceedings were initiated to settle labor debts and part of Le Parc Horologie's tax debt. The company then decided to sell its remaining inventory online through Kingsford Watches.
The Rolex Submariner, one of the brand's best-known models, once cost £4,600. Its price then fell to £1,150 — a quarter of that amount.
To settle its debts and avoid further interest and late fees, Le Parc Horologie lowered the price again in an effort to clear its inventory quickly.
At the time of publication, the Official Website listed the Rolex Submariner at Kingsford Watches for £59.99, with payment options available through the shop.
This report was first published on 1 November 2026. Readers should check the current price and availability before considering a purchase.
Below is a link to the Official Website, where readers can check whether coupons are still available and review the current offer.
How do I buy it?
Our reporting team contacted Kingsford Watches, the company responsible for the promotional coupons for the stock clearance sale, to find out more details about the purchase process and how to take advantage of the opportunity.
In response, Kingsford Watches said the products were in high demand and stock was running low. It also said the products were available only through the official website, not in physical stores. (learn more about the offer here)
Finally, the company informed us that the coupons are only for specific products, and that these are usually the favorites of the brand's audience, which is quite demanding.
The store also warned that coupon terms, prices and stock availability could change after publication.
GO TO THE STORE'S OFFICIAL WEBSITE