Artwatch Ltd

Artwatch Ltd, based in London UK, is a small company with an active status, established eleven years ago. It employs two people and holds £78,989 in assets, operating from a real address at 4 The Towers, 10 Engel Park. The company is led by one director and owned by Imami Laura and Syla Dugagjin. It functions as an irregular importer, primarily dealing in optical and medical tools and devices, with the last import operation occurring two months ago.

The company’s website, Artwatch International, is a nonprofit organization dedicated to advocating for the voice of art in the conservation and stewardship of historically significant works. It’s a far cry from a typical e-commerce operation; instead, it serves as a platform for publishing articles, position statements, and project updates related to art conservation and restoration. The site features extensive content, ranging from critiques of restoration techniques to analyses of specific artworks and artists, with a particular focus on the Elgin Marbles dispute. There’s a strong emphasis on scholarly debate and exposing what it views as problematic practices within the art world.

Financially, Artwatch Ltd’s recent report reveals a mixed picture. While the company’s net assets declined by 42% to £24,000, it’s important to note that it’s a small entity, meeting two of three criteria for being classified as such. Cash bank on hand decreased by 34% to £42,000, and bank borrowings increased by 16% to £14,000. Creditors also saw a significant increase of 53% to £42,000, which could be due to increased supplier payments. The company's trade debtors, however, have risen sharply by 660%, which could indicate challenges in collecting payments from customers. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company, and the figures are based on unaudited statements.

Overall, Artwatch Ltd appears to be navigating a challenging financial landscape, typical for a nonprofit organization. Its focus on advocacy and scholarship, rather than direct sales, explains its unique business model and the reliance on grants and donations to sustain its operations.

Registered in England/Wales under the registration number 08971620, with a registered address at NW7 2HB, England, London, 4 The Towers, 10 Engel Park.

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