Patrick Bourne And Co Ltd

Patrick Bourne and Co Ltd, based in London, UK, is a small, family-run business with an active status. Founded eleven years ago in 2014, it employs just two people and holds £1,429,471 in assets. The company, with two directors and two owners, operates from a real address in St. James’s Place, London. It’s an irregular importer of art and antiques (one month of imports recorded in 2022) and a regular exporter (three months of exports as of July 2024), specializing in British Art. The company works with private collectors and institutional clients, offering advice on buying and selling art.

Located in an 18th-century townhouse, Patrick Bourne and Co Ltd focuses on advising clients in the global art market. Its website highlights expertise in British Art, with services including advice, film exhibitions, and notable sales. The company also seems to have a connection to contemporary artists, and offers a service of Spotlight and advisory.

Financially, the company shows some concerning trends. While current assets remained stable at £1,400,000, cash reserves dropped significantly by 20% to £350,000. Trade debtors increased considerably by 180%, suggesting potential issues with customer payments. On a positive note, creditors decreased by 51%, which could indicate improved debt management. The company’s size (meeting two of three criteria for a small company) helps it stay flexible, but the decrease in cash reserves and increase in debtors warrants attention. The company's net assets increased by 13%, to £1,300,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Patrick Bourne and Co Ltd appears to be navigating a period of change. While the company’s expertise in British Art and client-focused approach are strengths, the financial data suggests a need to carefully manage cash flow and customer payments.

Registered in England/Wales under the registration number 08980413, with a registered address at SW1A 1NP, England, London, 6 St. James's Place.

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