Altea Gallery Limited

Altea Gallery Ltd from London UK: a small, family business founded 13 years ago, operates as a regular importer of printed materials and a regular exporter of art and antiques. The company, active since its incorporation on February 16, 2012, employs seven people and holds £537,013 in assets. It’s led by one director and owned by two individuals, with a real address registered at W1S 2FN, London, 35 Saint George Street.

The company’s core business revolves around the sale of antique maps, atlases, and globes, catering to collectors, museums, libraries, and interior designers. Its website showcases a diverse collection, ranging from 15th to 20th-century pieces, with a particular focus on rare and historical maps. It even has a showroom in Harrods, London.

Financially, Altea Gallery Ltd presents a mixed picture. While current assets increased by 36% to £540,000, net assets rose by 30% to £190,000. Bank borrowings, however, increased by a significant 260%, reaching £35,000, and cash reserves fell 85% to just £3,500. Creditors also increased by 46% to £350,000. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, meaning the accounts are unaudited.

The increase in bank borrowings and the decrease in cash reserves suggest Altea Gallery Ltd may be investing in its inventory or expanding its operations—but it’s also facing some financial pressure. The company’s focus on high-value, niche items, however, could provide a buffer against economic downturns.

Registered in England/Wales under the registration number 07952137, with a registered address at W1S 2FN, London, 35 Saint George Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.