Fidelio Arts Ltd

Fidelio Arts Ltd, based in London, UK, is a small, active company established 14 years ago in 2010. Employing just four people, the company holds assets of £483,935 and operates from a real address on Englefield Road. With one director and owner, Newbanks Mark Ashley, the company is primarily involved in providing support activities to performing arts industries. It also functions as an irregular importer, with its last import of electrical machinery and equipment occurring over six years ago in 2017.

The company's website, fidelioarts.co.uk, focuses on artist management and creative services for music, highlighting a registered address and emphasizing its services. The site gives the impression of a professional, established operation, though it doesn’s offer much detail about its client base or specific projects.

Financially, Fidelio Arts Ltd presents a mixed picture. While its turnover remains undisclosed, its net assets have dramatically fallen by 60%, dropping to £330,000. Cash reserves have also plummeted by 50%, settling at £450,000. Bank borrowings have also increased, but it’s unclear how much. Trade debtors have decreased by 36%, which could suggest improved collection practices, but creditors have risen by 13%, indicating increased short-term liabilities. Dividends paid remained constant at £750,000, despite the significant drop in equity—a curious detail. The company’s small size (meeting two of three criteria for being classified as small) allows for flexibility, but the substantial equity decline and the constant dividend payments are cause for concern. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The company’s reliance on a single director and owner, combined with the significant drop in equity, suggests potential management issues or a dependence on a few key clients. It’s possible that the company is experiencing a period of transition or restructuring, but without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 07359534, with a registered address at N1 3LJ, England, London, 95 Englefield Road.

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