Art Source Limited

Art Source Limited, a small company with an active status, has been operating for 26 years. Founded in 1999, it employs five people and holds assets totaling £539,960. Based at 24 Marshalsea Road, London, the company is led by three directors and owned by Morey-burrows Patrick Ernest. It’s an irregular importer, primarily dealing in art and antiques, with the last import activity recorded one month ago.

The company’s website showcases a curated collection of contemporary art, featuring works by established and emerging artists. It’s not an e-commerce site in the traditional sense; instead, it acts as an online gallery, highlighting exhibitions and providing artist profiles. Visitors can view artwork, learn about the artists, and contact the gallery for inquiries—but there’s no option to purchase directly online. The website's focus is on promoting the gallery's physical space and fostering connections between artists and collectors.

Financially, Art Source Limited presents a mixed picture. Current assets have decreased by 32% to £540,000, while net losses deepened to -£410,000. Bank borrowings increased by 15%, reaching £390,000, and cash reserves fell 28% to £540,000. Creditors decreased by 26%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) helps it maintain flexibility, but the significant equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Art Source Limited appears to be facing financial pressures, despite its reputation for showcasing high-quality art. The company’s focus on physical exhibitions and artist representation, rather than direct online sales, may be contributing to these challenges. Whether it can sustain its operations in the long term remains to be seen.

Registered in England/Wales under the registration number 03740598, with a registered address at SE1 1HF, 24 Marshalsea Road, London.

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