Hazlitt Holland-hibbert Limited

Hazlitt Holland-Hibbert Ltd is a large company, holding company, and active status, founded 23 years ago. With seven employees and £19,393,340 in assets, it’s a significant player in the art world. The company, based at a real address in London, is managed by three directors and owned by four individuals, boasting a Google rating of 4.0 from 21 reviews. It regularly imports and exports art and antiques, with 9 months of import activity and 19 months of export activity recorded.

The company operates as a retail art gallery, showcasing and selling modern and contemporary British art. Its website highlights upcoming exhibitions, including a display of work by Celia Paul and a loan exhibition of Bridget Riley’s early black and white works in New York. The gallery also presents a retrospective of Hockney’s early London period, demonstrating a focus on established and emerging British artists. It's clear that Hazlitt Holland-Hibbert Ltd is more than just a dealer; it's a platform for showcasing and promoting British art.

Financially, the company’s recent performance reveals some concerning trends. Current assets have decreased by 35% to £19 million, while net assets have fallen by 7.7% to £15 million. Bank borrowings have completely vanished, a positive sign, but cash reserves have plummeted 83% to just £190,000. Creditors have increased by 9.6%, and a significant loss of £7.8 million was reported. Staff costs decreased by 18%, and the company's tax expense credit increased by 160%. It's worth noting that the company’s turnover has dropped by 52%, from £31 million to £15 million. The company is audited by Azets Audit Services.

These figures suggest that Hazlitt Holland-Hibbert Ltd is facing financial pressures, despite its strong reputation and high-profile exhibitions. The decrease in assets and cash reserves, coupled with the loss, indicates a need for careful financial management. However, the complete elimination of bank borrowings suggests a successful effort to reduce debt. Whether the company can sustain its operations and continue to support British art remains to be seen.

Registered in England/Wales under the registration number 04366654, with a registered address at SW1Y 6BB, 38 Bury Street St Jamess, London.

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