Mayfair Gallery Limited

Mayfair Gallery Ltd from Harrow UK: a small, active company founded 41 years ago, employs 10 people, and holds £8,589,808 in assets. It operates from a virtual address—a bit unusual as 116 companies are registered there—and is run by three directors and two owners. A family business with a 5.0 Google rating (based on 14 reviews), Mayfair Gallery Ltd has an e-commerce site and regularly imports and exports art and antiques (79 months imported, 155 months exported).

The company's core business revolves around the retail sale of second-hand goods, specifically excluding antiques. It’s a regular importer, with its top import category being Art and Antiques, totaling 79 months of imports. The company is a regular exporter, with its top export categories including Art and Antiques, totaling 155 of months exports.

Financially, Mayfair Gallery Ltd shows a mixed picture. Current assets increased by a solid 22%, reaching £10 million, while net assets only grew slightly, remaining at £8.2 million. Bank borrowings decreased by 11%, settling at £760,000, and cash reserves dropped 8.4% to £1 million. Creditors have increased significantly, jumping 110% to £3.8 million, which could indicate increased purchasing activity or potential cash flow pressures. Trade debtors also increased by 9.8%, reaching £2 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the significant increase in creditors warrants closer scrutiny. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s future minimum lease payments under non-operating leases have increased by a staggering 890%, reaching £1.4 million—a concerning trend that could strain its finances. Despite these challenges, the company maintains a strong online presence and a positive customer rating, suggesting a resilient business model.

Registered in England/Wales under the registration number 01742251, with a registered address at HA1 2AW, Harrow, Middlesex, Lynwood House, 373-375 Station Road.

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