Artso Limited
- Small
- Active
- 19 years
- 1 employee
- £412,119 (assets)
- Virtual address
- 3 directors
- 2 owners
- Irregular importer
- Irregular exporter
- Family business
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Artso Limited is a small, active company based in London, UK, established nineteen years ago in 2005. With a single employee and £412,119 in assets, it operates from a virtual address shared by 206 other companies, a bit unusual. The company is run by three directors and two owners, and is a family business. It’s a bit of an irregular importer, having imported nothing for over four years, and an irregular exporter of art and antiques, with just one month of export activity recorded in December 2023. The company operates in the “other business support service activities n.e.c.” industries.
While Artso Limited's website is non-existent, its activities suggest a focus on facilitating transactions or providing support services within the art and antiques market. It's difficult to determine if it's an e-commerce business, but it's likely involved in some form of brokerage or consultancy, given its export focus.
Financially, Artso Limited presents a mixed picture. Current assets have increased by a modest 8.5% to £410,000, but net assets have fallen significantly by 12% to -£620,000. Bank cash has dropped dramatically by 73% to £1,400, and creditors have increased by 12% to £930,000. Trade debtors have fallen by 5.5%, suggesting improved collection efforts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the substantial equity decline and reliance on borrowed funds raise concerns. The lack of an auditor, due to its small company status, means the figures are unaudited.
Overall, Artso Limited seems to be navigating a challenging financial landscape. While it maintains a small operational base, the negative equity and dwindling cash reserves suggest it's burning through money, and it’s not clear if it can sustain its operations in the long term. The company's directors, Marx Jeanette, Marx Michael Henry, and Marx Michael Henry, will need to address these issues to ensure its survival.
Registered in England/Wales under the registration number 05636429, with a registered address at NW1 3ER, London, Acre House, 11/15 William Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 4 years
- 50%+
-
Resident of United Kingdom
-
Individual
- 8 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 6 years
-
Resident of United Kingdom
-
Individual
- 19 years
- 1
-
Resident of United Kingdom
-
Individual
- 19 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Confirmation statement made on 2024-11-25 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2024-02-29Download 8 pages pdf report
-
Change of details for Simon Nicholas Marx as a person with significant control on 2023-11-24Download 2 pages pdf report
Importer profile by HS codes
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Exporter profile by HS codes
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Last exported products
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FAQ about Artso Limited
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