Rise Art Limited

Rise Art Ltd, based in London, UK, is a small, active company founded fifteen years ago in 2009. Employing six people and holding £308,177 in assets, it operates from a virtual address, a fact highlighted by the presence of 5,415 other companies registered at the same location. The company is managed by four directors, though no owners are officially listed. Rise Art regularly imports and exports art and antiques, with 5 months of import activity and 31 months of export activity recorded.

The company’s website, riseart.com, functions as an online art gallery, offering a curated selection of contemporary art for sale. Visitors can browse paintings, prints, sculptures, and drawings from both established and emerging artists, with a focus on blue-chip and emerging talent. The site offers a variety of services, including art personality tests, personal art advisory, and art rentals, catering to both seasoned collectors and first-time buyers. It also features editorial content, such as artist interviews and art news, and collaborates with brands like Soho Home to offer curated collections.

Financially, Rise Art Ltd presents a mixed picture. Accumulated amortisation and impairment of intangible assets increased by 82%, while the company’s net assets actually increased by 43%, reaching £410,000. However, cash bank on hand dropped 16% to £190,000. Trade debtors fell dramatically, 9.7% to £90,000, which could indicate improved collection practices, but also a potential slowdown in sales. Creditors also decreased by 83%, to £13,000, suggesting better management of short-term liabilities. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the decrease in cash reserves is something to keep an eye on. No auditor is listed, which is common for small companies, so the financial statements are unaudited.

It seems Rise Art is navigating the challenges of the online art market, balancing curated selection with financial stability. The company’s focus on emerging artists and personalized service positions it well, but continued monitoring of cash flow will be essential for long-term success.

Registered in England/Wales under the registration number 07099261, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street.

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