Skipwiths Ltd

Skipwiths Ltd, based in London, UK, is a small, active company founded a decade ago. With a single employee and £2,615,395 in assets, it operates from a real address and is overseen by one director and owner. The firm irregularly imports and exports art and antiques, with recent activity recorded two months ago in both categories.

The company’s website showcases a focus on art advisory services, helping clients build their collections. It operates from a physical location in central London and maintains contact details including a telephone number and email address. The site emphasizes building art collections and offers a "viewing room" – suggesting a curated selection of artworks.

Financially, Skipwiths Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 70%, falling to £190,000, while creditors have risen sharply by 110%, reaching £2,300,000. Trade debtors have also increased by 53%, hitting £1,200,000. Equity has decreased by 43%, dropping to £370,000. The company meets the criteria for a small entity, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no mention of an auditor.

The substantial increase in creditors suggests the company may be relying on short-term financing or experiencing delayed payments from customers. The decrease in cash reserves, coupled with the rise in debtors, could indicate a need to manage cash flow more effectively. While the company’s art advisory services seem to be functioning, the financial data hints at potential pressures.

Registered in England/Wales under the registration number 09335008, with a registered address at NW3 1TX, England, London, 11 Gayton Road.

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