will's art warehouse limited
will's art warehouse limited Company Information
Company Number
12932074
Next Accounts
Sep 2025
Shareholders
ramsay fairs group limited
Group Structure
View All
Industry
Retail sale in commercial art galleries
Registered Address
unit 2.14 chester house, kennington park, london, SW9 6DE
Website
wills-art.comwill's art warehouse limited Estimated Valuation
Pomanda estimates the enterprise value of WILL'S ART WAREHOUSE LIMITED at £23.8k based on a Turnover of £80.1k and 0.3x industry multiple (adjusted for size and gross margin).
will's art warehouse limited Estimated Valuation
Pomanda estimates the enterprise value of WILL'S ART WAREHOUSE LIMITED at £0 based on an EBITDA of £-20.6k and a 3.04x industry multiple (adjusted for size and gross margin).
will's art warehouse limited Estimated Valuation
Pomanda estimates the enterprise value of WILL'S ART WAREHOUSE LIMITED at £0 based on Net Assets of £-90.8k and 2.34x industry multiple (adjusted for liquidity).
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Will's Art Warehouse Limited Overview
Will's Art Warehouse Limited is a live company located in london, SW9 6DE with a Companies House number of 12932074. It operates in the retail sale in commercial art galleries sector, SIC Code 47781. Founded in October 2020, it's largest shareholder is ramsay fairs group limited with a 100% stake. Will's Art Warehouse Limited is a young, micro sized company, Pomanda has estimated its turnover at £80.1k with unknown growth in recent years.
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Will's Art Warehouse Limited Health Check
Pomanda's financial health check has awarded Will'S Art Warehouse Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £80.1k, make it smaller than the average company (£12.8m)
- Will's Art Warehouse Limited
£12.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Will's Art Warehouse Limited
- - Industry AVG
Production
with a gross margin of 23.7%, this company has a comparable cost of product (29.4%)
- Will's Art Warehouse Limited
29.4% - Industry AVG
Profitability
an operating margin of -27.8% make it less profitable than the average company (5.8%)
- Will's Art Warehouse Limited
5.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- Will's Art Warehouse Limited
14 - Industry AVG
Pay Structure
on an average salary of £72.7k, the company has an equivalent pay structure (£72.7k)
- Will's Art Warehouse Limited
£72.7k - Industry AVG
Efficiency
resulting in sales per employee of £80.1k, this is less efficient (£1.1m)
- Will's Art Warehouse Limited
£1.1m - Industry AVG
Debtor Days
it gets paid by customers after 202 days, this is later than average (30 days)
- Will's Art Warehouse Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 180 days, this is slower than average (50 days)
- Will's Art Warehouse Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (248 days)
- Will's Art Warehouse Limited
248 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Will's Art Warehouse Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 208.6%, this is a higher level of debt than the average (65.1%)
208.6% - Will's Art Warehouse Limited
65.1% - Industry AVG
WILL'S ART WAREHOUSE LIMITED financials
Will'S Art Warehouse Limited's latest turnover from December 2023 is estimated at £80.1 thousand and the company has net assets of -£90.8 thousand. According to their latest financial statements, we estimate that Will'S Art Warehouse Limited has 1 employee and maintains cash reserves of £10.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | 11,855 | 13,535 | 15,075 | |
| Investments & Other | 1 | |||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 11,855 | 13,535 | 15,075 | 1 |
| Stock & work in progress | 2,305 | 2,305 | 2,580 | |
| Trade Debtors | 44,482 | 41,779 | 53,589 | |
| Group Debtors | ||||
| Misc Debtors | 14,046 | 5,182 | 1,351 | |
| Cash | 10,923 | 21,365 | 16,060 | |
| misc current assets | ||||
| total current assets | 71,756 | 70,631 | 73,580 | |
| total assets | 83,611 | 84,166 | 88,655 | 1 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 30,293 | 50,486 | 31,851 | |
| Group/Directors Accounts | 133,701 | 94,778 | 49,670 | |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 10,378 | 8,204 | 12,138 | |
| total current liabilities | 174,372 | 153,468 | 93,659 | |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 174,372 | 153,468 | 93,659 | |
| net assets | -90,761 | -69,302 | -5,004 | 1 |
| total shareholders funds | -90,761 | -69,302 | -5,004 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | 1,680 | 1,540 | 1,675 | |
| Tax | ||||
| Stock | -275 | 2,580 | ||
| Debtors | 11,567 | -7,979 | 54,940 | |
| Creditors | -20,193 | 18,635 | 31,851 | |
| Accruals and Deferred Income | 2,174 | -3,934 | 12,138 | |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -1 | 1 | ||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 38,923 | 45,108 | 49,670 | |
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -10,442 | 5,305 | 16,060 | |
| overdraft | ||||
| change in cash | -10,442 | 5,305 | 16,060 |
will's art warehouse limited Credit Report and Business Information
Will's Art Warehouse Limited Competitor Analysis
Perform a competitor analysis for will's art warehouse limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SW9 area or any other competitors across 12 key performance metrics.
will's art warehouse limited Ownership
WILL'S ART WAREHOUSE LIMITED group structure
Will'S Art Warehouse Limited has no subsidiary companies.
Ultimate parent company
1 parent
WILL'S ART WAREHOUSE LIMITED
12932074
will's art warehouse limited directors
Will'S Art Warehouse Limited currently has 4 directors. The longest serving directors include Mr William Ramsay (Oct 2020) and Mr William Ramsay (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Ramsay | United Kingdom | 56 years | Oct 2020 | - | Director |
| Mr William Ramsay | United Kingdom | 56 years | Oct 2020 | - | Director |
| Mrs Natasha Ramsay | Scotland | 53 years | Nov 2020 | - | Director |
| Mr William Hodgins | 59 years | May 2021 | - | Director |
P&L
December 2023turnover
80.1k
-32%
operating profit
-22.3k
0%
gross margin
23.7%
+17.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-90.8k
+0.31%
total assets
83.6k
-0.01%
cash
10.9k
-0.49%
net assets
Total assets minus all liabilities
Similar Companies
will's art warehouse limited company details
company number
12932074
Type
Private limited with Share Capital
industry
47781 - Retail sale in commercial art galleries
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
unit 2.14 chester house, kennington park, london, SW9 6DE
Bank
-
Legal Advisor
-
will's art warehouse limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to will's art warehouse limited. Currently there are 1 open charges and 0 have been satisfied in the past.
will's art warehouse limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for WILL'S ART WAREHOUSE LIMITED. This can take several minutes, an email will notify you when this has completed.
will's art warehouse limited Companies House Filings - See Documents
| date | description | view/download |
|---|
