Colnaghi Uk Ltd

Colnaghi Uk Ltd, based in London, is a large company with an active status, founded five years ago in 2019. Employing ten people and boasting assets of £13,312,579, it generated a revenue of £24,938,776 in the last reported year. The company, with a Google rating of 4.0 from 25 reviews, operates as a holding company and regularly imports and exports art and antiques – 12 months of imports and 25 months of exports, respectively. It has one director, Whitley Karien, and one owner, Colnaghi Holding Ltd.

The company’s website reveals Colnaghi as a prestigious art gallery with locations in London, Madrid, and New York. It specializes in Old Masters, Ancient art, and Modern Contemporary works, organizing exhibitions and events at various art fairs worldwide, including TEFAF Maastricht and BRAFA Art Fair. The website highlights the company’s long history, dating back to 1760, and its involvement in restoration projects, such as the unveiling of a Caravaggio painting at the Museo del Prado. It also features a partnership with Factum Foundation, offering 3D scanning services for paintings, and a foundation dedicated to promoting pre-20th-century artworks.

Financially, Colnaghi Uk Ltd shows some concerning trends. While revenue increased by 6.1% to £25 million, net assets decreased significantly, plummeting 73% to just £350,000. Bank borrowings surged by 1,400%, reaching £29,000, and cash reserves fell 30% to £190,000. Trade payables increased by 35%, suggesting a need to manage short-term liabilities. The company’s large size (meeting two of three criteria for being a large company) suggests a substantial operation, but the decline in equity raises questions about its financial health. The unaudited nature of the financial statements, as Colnaghi Uk Ltd is exempt from an audit, means the figures rely on internal reporting.

Overall, Colnaghi Uk Ltd appears to be a well-established art business facing financial pressures. Its prestigious brand and global presence offer a strong foundation, but careful management of its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 12101175, with a registered address at SW1Y 6AL, London, 26 Bury Street.

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