Cortesi Gallery Limited

Cortesi Gallery Limited is a small, active company based in London, UK, established ten years ago in June 2014. With £42,712 in assets and a virtual address shared by seventy-seven other companies, it’s a compact operation managed by one director and one owner. The company regularly imports and exports art and antiques—four months of import activity and five months of export activity recorded—primarily focusing on Art and Antiques.

The gallery operates two locations: Lugano, Switzerland, and Milan, Italy, both offering a curated selection of artworks and providing restoration services. Its website highlights current exhibitions featuring artists like Maurizio Donzelli and Heinz Mack, and emphasizes its expertise in piano restoration through its associated business, 1066 Pianos. The company's website is very professional and well designed.

Financially, Cortesi Gallery Limited’s recent performance presents a mixed picture. Current assets have decreased significantly, dropping 73% to £43,000, while net assets have also declined, falling 6.8% to -£1.5 million. Bank borrowings have increased dramatically, reaching £43,000, and cash reserves have fallen 76% to just £3,200. Creditors have decreased by 4.6%, suggesting improved debt management. 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 for agility, but the sharp decline in equity raises concerns. As a small company, it’s likely exempt from an audit, relying on unaudited statements.

The company's financial data suggests it's burning through cash, likely due to a combination of decreased sales and increased expenses. The reliance on a virtual address and the lack of employees could be signs of a lean operation, but also potentially indicate management issues. The company’s ability to sustain its operations and turn its financial situation around will depend on its ability to attract new customers and manage its costs effectively.

Registered in England/Wales under the registration number 09079974, with a registered address at WC2N 5NG, England, London, 38 Craven Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.