Lilley Fine Art Ltd

Lilley Fine Art Ltd, based in Lisburn, UK, is a small, holding company with an active status. Founded twelve years ago in 2013, it employs just two people and holds assets valued at £2,386,300. The company, which has two directors and one owner, operates from a real address and is registered with Companies House as NI617900. It regularly imports and exports art and antiques—19 months of export activity and 7 months of import activity recorded, with the latest trade occurring in July 2024.

The company’s website, Josh Lilley, showcases a diverse range of contemporary artists and exhibitions, alongside news, press releases, and publications. It appears to be primarily an art gallery and dealer, with no obvious e-commerce functionality—visitors are directed to view exhibitions in person or contact the gallery directly. The website also mentions Erica Mahinay Engagements, suggesting a focus on artist representation and project management.

Financially, Lilley Fine Art Ltd shows a mixed picture. Current assets have fallen by a significant 24% to £2,400,000, while net assets have also decreased by 31% to £2,000,000. Cash reserves have declined by 15% to £250,000, and bank borrowings have vanished entirely. Creditors have increased substantially by 43% to £470,000, and trade debtors have risen by 93% to £340,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decrease in equity is a cause for concern. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Lilley Fine Art Ltd appears to be navigating a challenging financial landscape. The decrease in assets and equity suggests potential pressures, although the increase in creditors could indicate investments in inventory or expansion. The company’s focus on high-end art and its established presence in the art world could provide a buffer against economic downturns, but careful management will be essential to maintain its financial health.

Registered in Northern Ireland under the registration number NI617900, with a registered address at BT28 3EA, Northern Ireland, Lisburn, 107 Antrim Road.

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