Frameless Gallery Ltd

Frameless Gallery Ltd, based in Old Harlow, UK, is a small, active company founded 10 years ago in 2015. With £301,359 in assets and a virtual address shared by 132 other companies, it’s a solo-founded operation run by a single director and owner, Ilie Ciprian Doru. The business focuses on importing and exporting art and antiques, with irregular activity—two months of imports and one month of exports recorded, the last being in 2019. The company operates in the retail sale in commercial art galleries industries.

The company’s website is not available, making it difficult to assess its online presence or e-commerce capabilities. It’s unclear if they have a dedicated online store or primarily operate through other channels.

Financially, Frameless Gallery Ltd presents a mixed picture. Current assets have decreased by 27%, dropping to £300,000, while net assets have plummeted 1200%, reaching -£190,000. Bank borrowings have remained steady at £9,000, but creditors have increased by 19%, reaching £480,000. Trade debtors have fallen dramatically, with only £5 remaining. 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 flexibility, but the significant equity decline suggests financial strain. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Despite the challenges, Frameless Gallery Ltd’s focus on art and antiques could offer a niche market opportunity. However, the company will need to address its declining equity and manage its creditors effectively to ensure long-term sustainability.

Registered in England/Wales under the registration number 09452247, with a registered address at CM17 0ET, United Kingdom, Old Harlow, Essex, 10-12 Mulberry Green.

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