Hanover Art Advisory Limited

Hanover Art Advisory Limited is a small, active company based in London, UK, founded seven years ago in January 2018. With £1,086,529 in assets, it operates from a real address at 222 The Quadrangle, Cambridge Square, and employs three people. The company has two directors and two owners, with Khan Karim and Anthony Turlough Meredith listed as owners and directors. It’s a regular importer, specializing in art and antiques, with 10 months of import activity recorded, the latest being June 2024. The company operates in the operation of arts facilities industries.

The company’s website, avhanoverartadvisory.com, showcases its expertise in art advisory services. It highlights the work of Anthony Verschoyle, Managing Director, and features a client project involving the sale of an Ed Ruscha print. The site also lists contact details for Harriet Patterson and Karim Khan, suggesting a small, close-knit team. The website gives the impression of a boutique art advisory firm, focusing on high-end sales and client relationships.

Financially, Hanover Art Advisory Limited presents a mixed picture. Cash and cash equivalents increased significantly by 49% to £340,000, a positive sign of liquidity. However, equity decreased by 24% to £250,000, and net assets also fell to £250,000. Staff costs increased by 32% to £43,000, and corporation tax payable rose sharply by 93% to £38,000. Creditors also increased, with a 62% rise to £830,000. 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 flexibility, but the decrease in equity warrants attention. The accounts are unaudited, likely due to the small company exemption.

Registered in England/Wales under the registration number 11153443, with a registered address at W2 2PJ, England, London, 222 The Quadrangle, Cambridge Square.

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