Greyfriars Art Shops Limited

Greyfriars Art Shops Ltd from Edinburgh, UK, is a small, active company founded 11 years ago. With nine employees and £376,392 in assets, it's a family business run by one director and two owners. The company operates from a real address and regularly imports furniture, lighting, and prefabricated buildings—the latest shipment arriving in November 2023. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s core business involves the retail sale of new goods in specialised stores, though it doesn’t appear to have an active website. This suggests a more traditional, brick-and-mortar operation, relying on foot traffic and local customers. It’s a tight-knit business, with a single director and two owners, and nine employees.

Financially, Greyfriars Art Shops Ltd shows a mixed picture. Current assets increased by 5.9% to £380,000, while net assets rose by 6.8% to £290,000. Bank borrowings decreased by 34%, reaching £19,000, and cash reserves increased by 12% to £150,000. Creditors also increased by 16%, reaching £73,000. The company’s small size helps it stay nimble, but the increase in creditors suggests a need to manage cash flow more closely. There was no auditor mentioned, so the figures are unaudited.

Despite the positive trends in assets and cash, the increase in creditors and the lack of an online presence raise questions about the company’s long-term sustainability. It seems to be holding steady, but it would benefit from exploring online sales to broaden its customer base.

Registered in Scotland under the registration number SC463281, with a registered address at EH3 6HZ, Edinburgh, 20 Dundas Street.

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