Herald St Ltd

Herald St Ltd is a small, active company established 20 years ago, in 2005, and based in London’s Bethnal Green. With seven employees and £1,275,214 in assets, it operates from a real address and is managed by two directors, although no owners are officially listed. The company has been regularly importing art and antiques for 18 months, and exporting for a substantial 79 months, showcasing a consistent presence in the art market.

The company functions as a contemporary art gallery, representing a diverse roster of artists and hosting exhibitions. Its website highlights a focus on showcasing and selling artworks, with a calendar of past and upcoming exhibitions. The gallery also maintains a mailing list and active Instagram presence, indicating a commitment to engaging with the art community. It’s clear they’re not an e-commerce business; the website is primarily a showcase and contact point.

Financially, Herald St Ltd presents a mixed picture. Cash bank on hand has fallen significantly by 47%, dropping to £450,000, while creditors have increased by 40%, reaching £300,000. Current assets have also decreased by 12%, down to £1,300,000. However, the company’s equity has suffered a 20% drop, now at £1,000,000. Interestingly, trade debtors have fallen by 29%, which could suggest improved payment collection. Despite these declines, the company’s net assets still stand at £1,000,000. The lack of an auditor is typical for a small company, and the figures are unaudited.

Overall, Herald St Ltd seems to be navigating a period of change. The decrease in cash reserves and equity could be attributed to investment in exhibitions or other operational expenses. While the company’s financial health isn's alarming, the trends suggest it’s burning through money. The gallery’s continued activity and strong artist roster indicate a commitment to its core mission, but careful management will be crucial to ensure its long-term sustainability.

Registered in England/Wales under the registration number 05346928, with a registered address at E2 6JT, 2 Herald Street, London.

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