Slug Art Ltd

Slug Art Ltd is a small, active company based in Sheffield, UK, established eleven years ago in February 2014. With just one employee and £63,355 in assets, it's a lean operation run by a single director and owner, Slater Nicol. The company operates in the artistic creation industries and is a regular importer of clothing and accessories, not knitted or crocheted, with four months of import activity recorded as of February 2025. It has a real registered address, Unit 11 - 76 Eldon Street, S1 4GT.

The company's website, Slugtown, describes itself as an artist-run gallery in Newcastle Upon Tyne, operating as a Community Interest Company. It features exhibitions, workshops, and a mailing list, with a strong emphasis on community engagement and donations. The site also highlights a focus on supporting local artists and fostering creative expression. It's a vibrant online presence, suggesting a dedication to the arts beyond just importing goods.

Financially, Slug Art Ltd presents a mixed picture. Current assets have decreased by 35% to £63,000, while debtors have fallen by a significant 55% to £41,000. Creditors have dramatically reduced by 91%, which is a positive sign. Cash bank on hand, however, has increased substantially by 350%, reaching £22,000. Equity has grown by 3%, reaching £80,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, likely due to its small size.

Despite the decrease in current assets and debtors, the significant increase in cash reserves and the reduction in creditors suggest a period of improved financial management. The company's artistic focus and community engagement, combined with its lean operational structure, position it for continued success—although careful monitoring of assets and debtors will be important going forward.

Registered in England/Wales under the registration number 08904704, with a registered address at S1 4GT, Sheffield, Unit 11 - 76 Eldon Street.

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