Megan Rooney Art Ltd

Megan Rooney Art Ltd, based in London, UK, is a small, active company founded just three years ago. It’s a solo venture, run by a single director and owner, with one employee and £1,002,873 in assets. The company operates in the artistic creation industries and has a real registered address. It’s an irregular importer of art and antiques, with just one month of import activity recorded as of May 2024.

The company’s website, Megan Rooney, appears to be a portfolio and online presence for a visual artist, showcasing a diverse range of paintings, sculptures, and mixed-media works. While it’s not a traditional e-commerce site with a shopping cart, the site does offer contact information for commissions and inquiries, suggesting a focus on bespoke artwork and client relationships. It seems the company is more about showcasing artistic talent and attracting clients rather than direct online sales.

Financially, Megan Rooney Art Ltd presents a mixed picture. While cash bank on hand has impressively grown by 210% to £990,000, other areas show signs of strain. Accrued liabilities and deferred income have increased by 31%, and creditors have risen by 180% to £210,000. The company's net current assets and liabilities have also increased by 210% to £800,000. Property, plant, and equipment have seen a significant increase of 580% to £53,000, which could indicate investment in studio equipment or materials. 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 for flexibility, but the rise in liabilities suggests a need to carefully manage cash flow. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Megan Rooney Art Ltd appears to be a growing artistic enterprise, but it’s important to monitor its financial health closely. The substantial increase in cash reserves is encouraging, but the rising liabilities indicate a need for careful financial management to ensure long-term sustainability.

Registered in England/Wales under the registration number 13742720, with a registered address at W3 7RX, England, London, 7 Second Ave, Second Avenue.

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