THE ART WORKS GALLERY C.I.C. Financials
- Company number
- 09201993CopyCopy
- Industry
- Social work activities without accommodation for the elderly and disabled (88.10 - SIC 2007)
- Registered office
- Art Works Brook Hill, Thorpe Hesley, Rotherham, South Yorkshire S61 2QF
- Incorporated
- 03/09/2014
Company snapshot
- Status
- Active
- Employees
- 6 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2024.
Net Assets
-37.57%vs 20232023: £162.30K
Total Assets
-25.91%vs 20232023: £267.84K
Cash in Bank
-29.28%vs 20232023: £176.67K
Total Liabilities
-6.40%vs 20232023: £70.74K
Employees
-1vs 20232023: 7
In 2024, THE ART WORKS GALLERY C.I.C. reported net assets of £101.32K. The same filing shows total assets of £198.44K, cash in bank of £124.94K and total liabilities of £66.22K. Reported headcount was 6 in 2024. Total Assets fell from £267.84K in 2023 to £198.44K in 2024 (-25.91%). Okredo holds filed figures for 2022–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-37.57%from £162.30K in 2023Year-on-year change
Net Assets as filed for 2022–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures THE ART WORKS GALLERY C.I.C. filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-43.8%vs 2022-25.1% a year compound (CAGR)
Cash in Bank
-16.7%vs 2022-8.7% a year compound (CAGR)
Employees
-25%vs 2022-2Biggest decrease
Net Assets-43.8%
£180.44K in 2022 to £101.32K in 2024
Every indicator Okredo holds for THE ART WORKS GALLERY C.I.C. fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from THE ART WORKS GALLERY C.I.C.'s own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 51.06%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 33.37%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 188.68%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 62.96%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £30.72K2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for THE ART WORKS GALLERY C.I.C. by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Assets£ | 180.44K | 162.30K | 101.32K |
| Total Assets£ | – | 267.84K | 198.44K |
| Cash in Bank£ | 149.94K | 176.67K | 124.94K |
| Total Liabilities£ | – | 70.74K | 66.22K |
| Employees | 8 | 7 | 6 |
THE ART WORKS GALLERY C.I.C. financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for THE ART WORKS GALLERY C.I.C. covering 2022–2024, across 5 reported indicators. The most recent reported year is 2024.
THE ART WORKS GALLERY C.I.C. reported net assets of £101.32K for 2024. That compares with £162.30K in 2023, a change of -37.57%.
THE ART WORKS GALLERY C.I.C. reported total assets of £198.44K for 2024. That compares with £267.84K in 2023, a change of -25.91%.
THE ART WORKS GALLERY C.I.C. reported cash in bank of £124.94K for 2024. That compares with £176.67K in 2023, a change of -29.28%.
THE ART WORKS GALLERY C.I.C. reported 6 employees in 2024, compared with 7 in 2023.
Between 2022 and 2024, THE ART WORKS GALLERY C.I.C.'s net assets fell by 43.8%, cash in bank fell by 16.7% and employee numbers fell by 25%. Net assets contracted at 25.1% a year across the two years to 2024, from £180.44K to £101.32K. Reported headcount went from 8 in 2022 to 6 in 2024 (-2).
Okredo holds reported figures for the years 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.