Jc Contemporary Ltd.

  • Small
  • Active
  • 8 years
  • Confirmation overdue 8 months
  • 1 employee
  • £1,541,152 (assets)
  • Real address
  • 2 directors
  • 1 owner
  • Regular importer
  • Solo founder

Field of Operation

Retail sale in commercial art galleries
47781 3025 companies

Website

Social media

Summary

Jc Contemporary Ltd, based in Sevenoaks, UK, is a small, active company founded eight years ago. It employs just one person and holds £1,541,152 in assets. The company, owned and initially founded by Cheung Jonathan, has two directors and a real registered address. It's a regular importer of art and antiques, with ten months of import activity recorded, the last in September 2024. Confirmation is overdue by six months.

The company’s website showcases a curated selection of contemporary art and antiques, with a focus on acquisitions and a physical location in London’s SW3 postcode. It also lists a VAT registration number and company registration number, suggesting a formal business operation. The website's design is clean and modern, with a focus on visual appeal and ease of navigation. It's not immediately clear if the company operates primarily through its website or if it has a physical gallery space.

Financially, Jc Contemporary Ltd presents a mixed picture. Cash reserves have shrunk by a significant 61%, dropping to £38,000. Creditors have increased substantially, rising 56% to £1.4 million, while debtors have plummeted 96% to a mere £22,000. Inventories have exploded, increasing 240% to £1.5 million, which could indicate a large stock of art and antiques. Equity has also decreased by 21% to £150,000. Despite these challenges, current assets have increased by 42% to £1.5 million, and trade creditors have increased by 96% to £1.1 million. The company is exempt from an audit, so the figures are unaudited.

While the company's assets are considerable, the sharp decline in cash and the rise in creditors suggest it may be burning through money. The large inventory could be a sign of difficulty selling stock, or it could be a strategic investment for the future. 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 it to remain agile, but the management team will need to address the financial pressures to ensure long-term sustainability.

Registered in England/Wales under the registration number 10444204, with a registered address at TN15 7EX, England, Sevenoaks, Kent, Woodside Rectory Road, Ash.

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

Owners & PSC

  • 8 years
  • 2
  • 75%+

Managers

  • 8 years
  • 1
Fine arts
  • 8 years
Secretary

Last reports

Download the last financial report
Download the last confirmation report
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Last news

  1. Confirmation statement made on 2024-10-24 with no updates
  2. Total exemption full accounts made up to 2023-10-31
  3. Confirmation statement made on 2023-10-24 with updates
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Importer profile by HS codes

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