Greengrassi Limited

Greengrassi Limited is a small, active company founded 21 years ago, in December 2003. Based in London, it employs just three people and holds assets valued at £2,760,296. The company, with two directors and a solo founder, operates from a real address and is regularly importing and exporting art and antiques – 14 months of import activity and 29 months of export activity recorded, with the latest operations in September and October 2024, respectively. It’s a private limited company, and the director acknowledges her responsibilities under the Companies Act.

The company’s website, greengrassi.co.uk, focuses on showcasing artists and publications, with a mailing list and privacy policy. It’s currently closed for a short break, reopening on April 24th. The gallery is hosting an exhibition of Catherine Biocca’s work, opening on the same date. It seems to be a traditional art gallery, rather than a large-scale e-commerce operation. The focus is on physical exhibitions and publications, suggesting a curated, in-person experience.

Financially, Greengrassi Limited presents a mixed picture. While net assets remained relatively stable at £2,700,000, cash reserves declined by 13% to £1,400,000. Bank borrowings increased slightly to £11. Trade debtors have risen significantly by 190%, which could be a sign of growth or a potential issue with collecting payments. Creditors also increased by 83%, which is not necessarily a bad thing, as it could be due to increased stock purchases. Depreciation on computer equipment increased by 6.6% and furniture fittings by 20%, which is expected as the company invests in its infrastructure. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility. With no auditor mentioned, the financial statements are unaudited. It seems that the company is holding steady, but the increase in debtors should be monitored closely.

Registered in England/Wales under the registration number 04996080, with a registered address at SE11 4NU, 1a Kempsford Road, London.

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