Artfactory Limited

Artfactory Limited, based in Woodford Green, UK, is a small, active company founded thirteen years ago in 2012. It operates as a solo-founded e-commerce business with two directors and one employee, holding assets of just £2,462. The company’s registered address is a real one, with only a few other businesses registered there.

The company's website indicates a focus on retail sales via mail order and the internet, operating within the broader industries of retail. It’s a modest operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Artfactory Limited is showing some concerning trends. Cash reserves have fallen by over half, dropping to just £760, while creditors have increased by 7.5% to £40,000. Accumulated depreciation impairment property plant equipment also increased by 11%, which could indicate increased investment in assets. Net current assets and liabilities have also increased by 11%. While the company's equity is still at £1, it has decreased by 13%. The lack of an auditor is not surprising, given its small size and exemption status.

Overall, Artfactory Limited appears to be struggling financially. The decline in cash reserves and increase in creditors suggest the company is burning through money. While the e-commerce operation may be active, the underlying financial health is a cause for concern. It’s likely the company is facing challenges in generating sufficient revenue to cover its expenses, and it’s possible it’s relying on credit to stay afloat.

Registered in England/Wales under the registration number 07896619, with a registered address at IG8 0HS, England, Woodford Green, 22 Colwall Gardens.

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