Grace Tsumugi Fine Art Limited

Grace Tsumugi Fine Art Ltd, based in London, UK, is a small, active company founded 23 years ago in 2001. With a real address and a single director and owner – a solo founder – the company holds £1,689,006 in assets and employs just one person. It boasts a stellar 5.0 Google rating based on three reviews. The business regularly imports and exports art and antiques, with 17 months of import activity and 12 months of export activity recorded, the latest being August 2024.

The company’s website is not available, so it’s difficult to determine the exact nature of its operations beyond the import/export of art and antiques. However, it operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) industries. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Grace Tsumugi Fine Art Ltd shows a mixed picture. Current assets increased by a modest 2.6% to £1,700,000, while net assets also grew by 3.2% to £1,700,000. Cash reserves saw a healthy increase of 19% to £230,000. However, trade debtors decreased significantly by 87% to £91,000. Bank borrowings also decreased by 61% to £13,000. Creditors also decreased by 33% to £21,000. The company’s small size helps it remain agile, but the decrease in debtors could indicate challenges in collecting payments. The financial statements are unaudited, as is common for small companies.

The company’s director, Shoji Tsumugi, appears to be the driving force behind its operations. The company has taken exemption from publishing its own profit and loss account. Overall, Grace Tsumugi Fine Art Ltd seems to be in a reasonably stable position, though it will be interesting to see if the decrease in debtors continues in the future.

Registered in England/Wales under the registration number 04246529, with a registered address at SW1Y 6BN, United Kingdom, London, 8 Duke Street, St James's.

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