The Fine Art Warehouse Ltd

The Fine Art Warehouse Ltd, based in Hove, UK, is a small, active company founded five years ago in 2019. With £48,164 in assets and a real address at 45 Westbourne Street, it’s a solo-founded operation run by a single director and owner, Wheele James. The business operates an e-commerce site, The Artists Brush Boutique, boasting a perfect 5.0 Google rating from two reviews. It’s a regular importer, with its top import category being Miscellaneous manufactured goods, totaling four months of imports, the last in September 2022.

The Artists Brush Boutique website showcases a wide range of art supplies, from brushes and paints to paper and canvases. The site emphasizes competitive pricing, a gallery of artists, and a customer gallery offering cash prizes. It's clearly aiming to be a one-stop shop for artists of all levels.

Financially, The Fine Art Warehouse Ltd presents a mixed picture. Current assets have fallen by 25% to £48,000, while net assets have plummeted 460% to -£23,000. Bank borrowings have increased significantly, rising by 20%, reaching £34,000, and cash reserves have decreased by 20%, sitting at £34,000. Creditors have also increased by 23%, reaching £71,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems like the company is facing some financial pressures, despite a strong online presence and positive customer reviews. The significant losses and declining equity suggest a need for careful management and potentially a reevaluation of its business model.

Registered in England/Wales under the registration number 12004917, with a registered address at BN3 5PE, England, Hove, East Sussex, 45 Westbourne Street.

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