Rare Art (london) Limited

Rare Art London Ltd, a London-based company established 40 years ago, is a large, active business with 12 employees and £10,602,390 in assets. Founded by a solo entrepreneur, the company operates a thriving e-commerce site and maintains a 5.0 Google rating based on 20 reviews. It regularly imports and exports art and antiques, with 13 months of import activity and 33 months of export activity recorded. The company has three directors and one owner, Smith Lewis Samuel, who took over nine years ago.

The company’s website, Rare Interior Art, showcases a diverse collection of original, limited edition, and hand-embellished artwork. It features works by various artists, including AmberJane Raab, and caters to a wide range of tastes, from abstract landscapes to pop art portraits. The site also offers art services, including commissions, pet portraits, and mosaic designs, as well as framing and gift vouchers. The website even has a “Rare Art Lab” in Brighton, highlighting its commitment to showcasing art.

Financially, Rare Art London Ltd’s recent report presents a mixed picture. While cash reserves declined by 72% to £200,000, administrative expenses increased by 17% to £2.1 million. Trade debtors decreased by 28% to £64,000, suggesting improved collection efforts. However, interest payable surged by 85% to £35,000. The company’s assets are reported at £11 million, down 3.6% from the previous year. The company's net assets are also down 2.2% to £7.5 million. The company’s auditor, Hilton Consulting Limited, has reported that the financial statements are compliant with FRS 102.

The company’s growth in administrative expenses and decline in cash reserves could indicate increased marketing efforts or investments in new product lines. The decrease in debtors is a positive sign, suggesting better financial management. While the company’s size (meeting two of three criteria for a large company) provides flexibility, the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01872305, with a registered address at W1S 4LL, England, London, 12 Dover Street.

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