Artplode Ltd

Artplode Ltd, based in Nottingham, UK, is a small, active company established ten years ago. It operates from a virtual address and is managed by two directors and two owners. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 100 employees.

Artplode Ltd functions as an online marketplace where galleries, dealers, artists, and the public can buy and sell art with no commission charged. The website showcases a vast inventory of artworks—paintings, sculptures, photographs, prints, and digital artworks—from over 40 countries, boasting a total value exceeding US$10 million. Buyers can browse by seller type (galleries, dealers, artists, private sellers), origin, subject, style, price, size, or date of creation. The site emphasizes direct interaction between buyers and sellers, providing all information about the artwork before purchase. It even offers a "no commission" policy, a key differentiator from traditional auction houses.

Financially, Artplode Ltd presents a mixed picture. While bank borrowings increased by 12%, reaching £23,000, creditors also rose significantly, jumping 43% to £8,900. Net assets declined to -£32,000, a substantial drop from -£27,000 the previous year. Cash reserves remain low, and the company’s reliance on director support for its ongoing activities is noted. The lack of employees (zero reported) suggests a lean operation, and the accounts are unaudited, a common practice for small companies.

Despite these challenges, Artplode Ltd’s unique business model—facilitating direct art sales with no commission—could prove resilient. The company’s focus on a global art market and its commitment to transparency may attract both buyers and sellers, though the financial pressures need to be addressed for long-term success.

Registered in England/Wales under the registration number 09100904, with a registered address at NG9 7JQ, England, Nottingham, Suite 8, Stapleford Business Hub 1 Toton Lane, Stapleford.

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