New Art Projects Limited

New Art Projects Ltd, based in London, UK, is a small, active company established 44 years ago in 1981. With just two employees and £25,666 in assets, it operates from a virtual address—a fact underscored by the presence of 111 other companies registered at the same location. The company is led by two directors, with one owner, Mann Frederick George. It regularly imports art and antiques (3 months, last import February 2022) and occasionally exports them (2 months, last export June 2022).

The company’s website showcases a gallery exhibiting contemporary artists, including Bill Albertini and Brian Paumier, and hosts exhibitions running through May 2025. It operates from a physical location on City Road, London, and provides opening hours Thursday to Saturday. The gallery also offers a mailing list sign-up and features contact information, including a phone number. It seems to be a traditional gallery space rather than a purely e-commerce operation, focusing on physical exhibitions and artist representation.

Financially, New Art Projects Ltd presents a mixed picture. Accumulated depreciation has plummeted, with a 100% decrease in Land Buildings, while bank borrowings remain steady at £49,000. Creditors have decreased slightly, but cash reserves have fallen dramatically, dropping 92% to just £5. The most concerning trend is the significant decline in equity, with retained earnings and accumulated losses decreasing by 10%, and total equity down 49%. While the company's small size (meeting two of three conditions for a small company) allows for flexibility, the sharp drop in equity suggests it may be burning through cash. The lack of an auditor mentioned implies unaudited financial statements, and the reported decrease in employees from two to one could indicate a cost-cutting measure or a shift in operational structure. It’s a bit worrying that the company has such a low cash reserve.

Registered in England/Wales under the registration number 01557838, with a registered address at W1U 6EQ, London, 14 David Mews.

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