The Art Factory (n E) Limited

  • Small
  • Active
  • 12 years
  • 3 employees
  • £592,453 (assets)
  • Real address
  • 2 directors
  • 2 owners
  • Irregular importer
  • Family business

Field of Operation

Retail sale via mail order houses or via Internet
47910 203008 companies

Website

Social media

facebook ebay

Phones

Summary

The Art Factory (n E) Limited is a small, active company based in Newcastle Upon Tyne, UK, established twelve years ago in 2012. With three employees and £592,453 in assets, it operates as a family business under the direction of two directors and two owners, Petrucci Giancarlo and Petrucci Wendy Louise. The company’s registered address is real, with only one other company registered at the same location. It primarily engages in retail sales via mail order and internet, and is an irregular importer, with its top import category being ceramic products, last imported in October 2022.

While the company’s website is unavailable, its business activities seem focused on online retail. It's likely the company operates an e-commerce site, selling art-related products or supplies, although this isn's confirmed. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the financial data reveals some concerning trends.

Over the past year, accrued liabilities have risen dramatically, increasing by 1200%, while cash bank on hand has decreased by 26% to £490,000. Creditors have also fallen by 56%, suggesting improved debt management, but corporation tax payable has decreased by 74%. The company’s net assets have declined by 5.4% to £1.4 million, and future minimum lease payments have increased significantly. While the company’s bank borrowings have increased, the overall picture suggests a company that is struggling to maintain its financial stability. The company's net current assets have also decreased, which is a worrying sign.

The company’s financial reports are unaudited, and no auditor is mentioned, which is common for small companies. The increase in liabilities and decrease in cash reserves, combined with the decrease in net assets, suggest the company is burning through money. It's possible that increased marketing expenses or supply chain issues are contributing to these trends. The company’s reliance on a small number of employees (three) could also be a vulnerability.

Registered in England/Wales under the registration number 08275905, with a registered address at NE1 6BX, Newcastle Upon Tyne, 63 High Bridge.

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

Owners & PSC

  • Petrucci Giancarlo
  • 9 years
  • 25%+
  • Petrucci Wendy Louise
  • 9 years
  • 25%+

Managers

Director
Company director/publisher

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Confirmation statement made on 2024-06-24 with no updates
  2. Total exemption full accounts made up to 2023-10-31
  3. Change of details for Mr Giancarlo Petrucci as a person with significant control on 2023-08-01

Importer profile by HS codes

Last imported products

All imported products

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