Yoke Art Ltd

Yoke Art Ltd, a small, active company based in London, UK, has been operating for nine years. Founded on February 04, 2016, it employs six people and holds £441,588 in assets. With three directors and one owner, the company has a real registered address and is focused on artistic creation. It’s a regular importer of art and antiques, with 46 months of import activity recorded, and has recently begun exporting, with seven months of export activity.

The company’s website highlights its services, which include brand identity, video marketing, bespoke audio, website design, social media content creation. It seems to be a creative agency, catering to businesses looking to elevate their brand through design and digital marketing. The site’s professional design and clear service descriptions suggest a focus on attracting clients seeking high-quality creative solutions, and the agency operates from a business centre in Colwyn Bay, North Wales.

Financially, Yoke Art Ltd shows some concerning trends. Cash bank on hand has dropped significantly by 65%, falling to £54,000. Current assets have also decreased by 50%, down to £440,000, while net assets have plummeted 55% to £110,000. Creditors have decreased by 46% to £360,000, which is a positive sign, but the drop in equity and cash reserves suggests the company is burning through money. Bank borrowings have also decreased, and trade debtors have fallen, which is good news. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for a small company.

Overall, Yoke Art Ltd appears to be facing financial pressures, despite its strong creative offerings. The company’s ability to maintain its operations and continue its growth will depend on its ability to manage its cash flow and secure new clients.

Registered in England/Wales under the registration number 09987739, with a registered address at PL19 8AB, England, Tavistock, Devon, Harry Walker Accountancy The Quay, Plymouth Road.

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