Monte Art Limited

Monte Art Limited is a small, active company based in Ipswich, UK, founded three years ago in November 2021. It’s a solo venture, managed by a single director and owner, Guerrini Monte, and employs just one person. The company holds £180,584 in assets, but its registered address is a virtual one, shared by 232 other companies. Monte Art operates in the retail sector, specializing in the sale of commercial art gallery items, mail order goods, and antiques – including antique books.

The company’s website, Mont Marte Global, showcases a wide range of art supplies, from paints and drawing tools to sculpting clays and crafting materials. It’s clearly an e-commerce business, offering a global reach and emphasizing creativity and inspiration. The site features artist spotlights, tutorials, and project ideas, building a community around its products. It’s a vibrant online presence, with a focus on engaging content and showcasing the work of artists around the world.

Financially, Monte Art Limited’s numbers paint a mixed picture. Cash bank on hand has fallen by a significant 57%, dropping to £36,000. Trade debtors have increased, suggesting customers are taking longer to pay, and creditors have risen sharply by 270%, reaching £60,000. However, the company’s equity has increased by 82%, reaching £120,000, and current assets have doubled to £180,000. Bank borrowings have also increased dramatically, by 6800%, reaching £46,000. 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 agility, but the increase in liabilities and decrease in cash reserves suggest it's burning through money. There's no auditor mentioned, so the figures are unaudited.

Overall, Monte Art Limited appears to be a growing e-commerce business, but it’s facing some financial challenges. Whether it can sustain its growth and manage its liabilities remains to be seen.

Registered in England/Wales under the registration number 13717335, with a registered address at IP3 9FJ, England, Ipswich, Suffolk, C/O Mjb Avanti, Office 12 Epsilon House, West Road.

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