Hales Gallery Limited

Hales Gallery Limited, based in London, UK, is a small, active company established 22 years ago in 2003. Employing ten people and holding assets of £1,895,627, it operates from a real address in the Tea Building. With five directors and two owners, the gallery specializes in importing and exporting art and antiques, showing consistent activity over the past 17 months for imports and 57 months for exports.

The gallery’s website showcases a focus on contemporary art, featuring exhibitions by established and emerging artists, alongside news and publications. It also highlights a partnership with the National Portrait Gallery, with one of its artists' work recently acquired. The website’s design is clean and modern, reflecting the gallery’s focus on showcasing high-quality art. It also has a mailing list signup form.

Financially, Hales Gallery Limited’s recent performance presents a mixed picture. Current assets have decreased by 13%, falling to £1,900,000, while net assets have plummeted 57%, down to £440,000. Bank cash reserves have also shrunk by 29%, now at £300,000. Creditors have increased significantly, rising 120% to £900,000, and trade debtors have decreased slightly to £850,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity raises concerns. The accounts are abridged and unaudited, and there is no mention of an auditor.

While the gallery maintains a strong presence in the contemporary art scene, the financial data suggests it's facing some challenges. Whether this is a temporary dip or a longer-term trend remains to be seen, but the company’s reputation and focus on high-quality art may help it weather the storm.

Registered in England/Wales under the registration number 04719178, with a registered address at E1 6LA, London, Tea Building, 7 Bethnal Green Road.

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