Global Art Supplies Limited

Global Art Supplies Ltd, based in Salisbury, UK, is a small, family-owned holding company with an active status. Established 25 years ago in 1999, it employs 21 people and holds assets totaling £2,406,885. The company operates from a real address and is overseen by four directors and three owners. It’s a regular importer of tanning and dyeing products (299 months) and a regular exporter of miscellaneous manufactured goods (27 months).

The company’s website showcases a diverse range of fine art materials, representing prestigious brands like Montana Cans, Lascaux, and Sennelier. While not selling directly to individual artists, Global Art Supplies Ltd distributes to retailers across the UK. The website highlights a separate division, Global Property Partnership, which specializes in high-end piano restoration and even has a showroom in Harrods.

Financially, Global Art Supplies Ltd presents a mixed picture. Current assets remained steady at £2,400,000, while net assets increased by 15% to £1,800,000. Cash reserves, however, took a hit, decreasing by 30% to £47,000. Bank borrowings also increased significantly, jumping 2,400% to £29,000. Creditors decreased by 18%, suggesting improved debt management. The company meets the criteria for a small company, with a turnover under £10.2 million and assets under £5.1 million. The company’s unaudited financial statements were prepared by HowdenWhite LLP.

The company’s growth in equity and steady assets suggest a stable foundation, but the increase in borrowings and decrease in cash reserves indicate a need for careful financial management. The dual focus on art supplies distribution and piano restoration creates a unique business model, but its long-term sustainability will depend on the success of both ventures.

Registered in England/Wales under the registration number 03798939, with a registered address at SP4 7SD, Salisbury, Wiltshire, 16-18 The Boscombe Centre, Mills Way Amesbury.

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