Princedale Modern Ltd

Princedale Modern Ltd is a small, active company registered in London, UK, founded two years ago in August 2022. It employs just one person and holds £339,965 in assets, operating from a virtual address shared by thousands of other companies. The business is led by a single director and owner, Edward Warburton, and functions as an irregular importer of art and antiques, with recent activity recorded just one month ago. It operates in the non-specialised wholesale trade industries.

The company’s website, Princedale Modern Boutique Art Advisory, showcases a curated selection of art and offers advisory services. It features a clean, modern design with a focus on visual appeal, and links to Artnet, suggesting a connection to the broader art market. The site also highlights Edward Warburton, indicating a personal touch and expertise in art selection. It's clearly an e-commerce venture, though the scale of online sales isn’t immediately apparent.

Financially, Princedale Modern Ltd demonstrates a surprising turnaround. Current assets have more than doubled, jumping 130% to £340,000, while equity has increased by a remarkable 240% to £150,000. Cash reserves have also seen a significant boost, growing 860% to £69,000. Trade debtors have increased by 45%, which could indicate a growth in sales, but also a potential risk of delayed payments. Trade creditors have also risen by 91%, suggesting the company is utilizing credit to fuel its growth. Despite these positive trends, net losses still exist, though the details aren't clear. 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 rapid changes in financial instruments, like accrued liabilities, require close monitoring. With no auditor mentioned, the financial data relies on unaudited statements.

In short, Princedale Modern Ltd appears to be experiencing a period of growth and financial recovery, though it's important to watch for any signs of unsustainable practices. The company's focus on art advisory and curated sales, combined with a lean operation, positions it for potential success in the competitive art market.

Registered in England/Wales under the registration number 14327696, with a registered address at W1W 7LT, England, London, 85 Great Portland Street.

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