Graffiti Street Limited

Graffiti Street Ltd from Bognor Regis UK is a small, active company founded ten years ago. It employs two people and holds £305,153 in assets, operating from a virtual address. The company has two directors and two owners, and regularly imports and exports art and antiques—five months of imports and twenty-one months of exports.

The company’s website, graffiti-street.co.uk, details a retail business specializing in art and antiques, with a focus on sourcing unique pieces and providing expert advice to collectors. While the site doesn't offer direct e-commerce functionality, it showcases a curated selection of artworks and antiques, encouraging visitors to contact the company for inquiries and purchases. It appears to be a curated online gallery rather than a full-fledged e-commerce platform.

Financially, Graffiti Street Ltd presents a mixed picture. While current assets increased by 9% to £310,000, net assets decreased by 1.8% to -£330,000. Bank borrowings decreased slightly by 1.5% to £42,000, while bank overdrafts increased significantly by 75% to £9,700. Creditors also increased by 4.1% to £770,000. The company’s size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity suggests it's burning through cash. The company's retained earnings and accumulated losses are both at -£330,000, which is a worrying sign. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite the negative equity, the company's consistent import and export activity, coupled with its curated online presence, indicates ongoing engagement with the art and antiques market. The increase in bank overdrafts could be a short-term financing need, but the company will need to address its equity position to ensure long-term sustainability.

Registered in England/Wales under the registration number 09422969, with a registered address at PO21 1DD, England, Bognor Regis, 98 London Road.

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