The Drang Gallery Limited

The Drang Gallery Ltd, based in St Ervan, UK, is a small, active company founded twelve years ago in 2013. With seven employees and a real address, it's a relatively modest operation overseen by one director and two owners. The company regularly imports and exports art and antiques—26 months of imports and 91 months of exports, with the most recent activity recorded in January 2025.

The Drang Gallery operates as a retail art gallery, evidenced by its website. It showcases artists and offers a selection of artworks for sale, alongside a mailing list signup. The site also links to artnet and artsy, suggesting a broader online presence and engagement with the art market. It seems to be focused on selling art rather than offering services.

Financially, the company’s performance presents a mixed picture. While net assets decreased by 18% to £650,000, bank borrowings fell by a significant 66% to £34,000. Cash reserves have also declined by 80% to £55,000. Creditors decreased by 1.1% to £450,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The sharp decline in cash reserves is concerning, potentially indicating increased spending or delayed payments, but the decrease in bank borrowings is a positive sign. The lack of an auditor mentioned suggests it's exempt as a small company, so the figures are unaudited.

Overall, The Drang Gallery appears to be navigating a period of change, with a focus on its core art sales business. Whether it can sustain its operations and build on its reputation remains to be seen.

Registered in England/Wales under the registration number 08475087, with a registered address at PL27 7TB, United Kingdom, St Ervan, Cornwall, Acorn Cottage, Penrose.

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