The Far East Art Studio Limited

The Far East Art Studio Limited is a small, active company based in Enfield, UK, founded 10 years ago in December 2014. It operates as an e-commerce site specializing in handwoven sarees, particularly Dhakai Jamdanis, and boasts a real address with two other companies registered there. The business is led by one director and one owner, Ms. Rajeswari Sengupta.

The company’s website, The Far East Art Studio, showcases a curated collection of heritage handwoven sarees inspired by museum pieces. It offers a range of sarees, including Dhakai Jamdanis, Balucharis, and Benarasis, with a focus on traditional craftsmanship and unique designs. The site also highlights a "TFEAS Payment Plan" and emphasizes international shipping. It's a very pretty site, actually.

Financially, The Far East Art Studio Limited presents a mixed picture. While the company is small (meeting two of three conditions for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its equity has steadily declined, now sitting at -£36,000. Bank borrowings have also increased significantly, reaching £36,000, and cash reserves are low at just £4,100. Creditors have also risen, suggesting a reliance on external funding. The company’s accounts are unaudited, as it's exempt due to its size. It's a little concerning, really. The director's responsibilities are acknowledged, though.

The company’s reliance on external funding and the declining equity suggest it’s burning through cash, typical for a startup. Whether the focus on heritage and craftsmanship can translate into sustainable profitability remains to be seen, but the business is clearly betting on its niche market and online presence.

Registered in England/Wales under the registration number 09354871, with a registered address at EN1 3BP, England, Enfield, 109 Willow Road.

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