Mc Masters & Contemporary Ltd

Mc Masters & Contemporary Ltd is a small, active company based in London, UK, established nine years ago in 2015. With a single employee and £329,066 in assets, it operates from a virtual address, a common trait for smaller businesses. The company is overseen by one director and owner, Mead Nigel. It’s a regular importer of art and antiques, with four months of import activity recorded, the last in May 2022, but an irregular exporter, with just one month of export activity in May 2024.

The company’s website, Masters Contemporary, showcases a curated selection of artworks and editions. It uses cookies to improve user experience, offering options for strictly necessary, preferences, statistics, and marketing cookies. The site highlights artists and exhibitions, suggesting a focus on contemporary art. It’s clear the company is operating an e-commerce site, with a focus on visual presentation and customer interaction.

Financially, Mc Masters & Contemporary Ltd presents a mixed picture. While current assets increased slightly to £330,000, equity plummeted 79% to just £36,000, a significant drop. Bank borrowings decreased by 37%, reaching £20,000, and cash reserves fell 42% to £26,000. Creditors increased considerably, ballooning 140% to £220,000, which could indicate increased reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of a mentioned auditor, likely due to its small size, means the figures are unaudited.

In essence, Mc Masters & Contemporary Ltd is navigating a challenging financial landscape. The decrease in equity raises concerns about its long-term stability, despite a seemingly active import/export business. It's clear the company is betting on its curated art selection and online presence to sustain its operations, though the financial data suggests it’s currently burning through money.

Registered in England/Wales under the registration number 09830155, with a registered address at W1K 5EH, England, London, 84 Brook Street.

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