WADDINGTON CUSTOT GALLERIES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-11 (in 1mo)
Last made up 2025-05-28
Watchouts
None on the register
Cash
£1M
-30.7% lowest in 9 filed years
Net assets
£26M
+1.5% highest in 5 filed years
Employees
14
0% vs 2023
Profit before tax
£528K
-51.5% lowest in 5 filed years
Name history
Renamed 3 times since incorporation
- WADDINGTON CUSTOT GALLERIES LIMITED 2011-02-11 → present
- WADDINGTON GALLERIES LIMITED 1978-12-31 → 2011-02-11
- WADDINGTON AND TOOTH GALLERIES LIMITED 1976-12-31 → 1978-12-31
- WADDINGTON GALLERIES LIMITED 1966-02-28 → 1976-12-31
Net assets
9-year trend · vs Consumer Discretionary median
Accounts
9-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £14,413,000 | — | £18,469,000 | — | £18,812,000 | — | £18,401,000 | £11,168,000 | |
| Operating profit | — | £1,691,000 | — | £1,285,000 | — | £3,522,000 | — | £1,077,000 | £506,000 | |
| Profit before tax | — | £1,688,000 | — | £1,228,000 | — | £3,478,000 | — | £1,088,000 | £528,000 | |
| Net profit | — | £1,363,000 | — | £948,000 | — | £2,787,000 | — | £769,000 | £377,000 | |
| Cash | £2,142,000 | £3,296,000 | £3,296,000 | £3,208,000 | £3,208,000 | £3,957,000 | £3,957,000 | £1,503,000 | £1,042,000 | |
| Total assets less current liabilities | — | £22,326,000 | — | £22,269,000 | — | £24,556,000 | — | £25,325,000 | £25,702,000 | |
| Net assets | — | £20,821,000 | — | £21,769,000 | — | £24,556,000 | — | £25,325,000 | £25,702,000 | |
| Equity | £19,458,000 | £20,821,000 | £20,821,000 | £21,769,000 | £21,769,000 | £24,556,000 | £24,556,000 | £25,325,000 | £25,702,000 | |
| Average employees | — | 14 | — | 14 | — | 14 | — | 14 | 14 | |
| Wages | — | £859,000 | — | £775,000 | — | £808,000 | — | £870,000 | £866,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 11.7% | — | 7.0% | — | 18.7% | — | 5.9% | 4.5% | |
| Net margin | — | 9.5% | — | 5.1% | — | 14.8% | — | 4.2% | 3.4% | |
| Return on capital employed | — | 7.6% | — | 5.8% | — | 14.3% | — | 4.3% | 2.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | 12.1% | 9.2% | |
| Current ratio | — | — | — | — | — | — | — | 8.24x | 10.83x | |
| Interest cover | — | 281.83x | — | 45.89x | — | 66.45x | — | 34.74x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- WADDINGTON CUSTOT GALLERIES LIMITED · parent
- Waddington Custot Galleries Ltd. Paris 100%
Significant events
- “The second half of 2024 confirmed our prediction of a tightening of trading in the art market globally. Trading in the first half of 2025 has caused us to revise our opinion from seeing this as a relatively short term issue to expectations of a more prolonged flattening of demand and pressure on pricing.”
- “we have taken the decision to open a gallery in Paris, a wholly owned subsidiary of Waddington Custot Galleries Ltd. Paris and London remain the two most important centres for art dealing in Europe and our expectation is that the two galleries, working in tandem will increase our visibility and access to an even wider international audience.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANJI, Nizar | Secretary | 2017-01-01 | — | — |
| CUSTOT, Victor | Director | 2024-08-28 | Jun 1993 | French |
| KANJI, Nizar | Director | 2017-01-01 | Jan 1951 | British |
| TWYFORD, Jacob | Director | 2018-11-01 | Jun 1963 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUNLEY, John Stuart | Secretary | 2013-09-01 | 2017-01-01 |
| LIGHTON, Thomas Hamilton, Sir | Secretary | 2003-09-09 | 2004-07-22 |
| LIGHTON, Thomas Hamilton, Sir | Secretary | 2002-07-27 | 2003-01-20 |
| NOEL, Charles William | Secretary | 2003-01-20 | 2003-09-09 |
| SAUNDERS, Stephen Frederick | Secretary | — | 2002-07-26 |
| SAVADIA, Nitin Devchand | Secretary | 2004-07-22 | 2013-07-22 |
| AFSHAR, Roxana | Director | 2018-11-01 | 2022-09-01 |
| BERMAN, Jeffrey Mark | Director | — | 1993-09-03 |
| BERNSTEIN, Vanessa Anne | Director | — | 1993-04-02 |
| BROWN, Benjamin Haddon Dunster | Director | 2001-07-01 | 2003-12-31 |
| CECILLON, Jean Francois | Director | 2018-06-01 | 2018-12-31 |
| CRISTEA, Alan Colin | Director | — | 1994-12-31 |
| CUSTOT, Stephane Felix Jerome | Director | 2010-11-18 | 2018-04-01 |
| DUNLEY, John Stuart | Director | 2015-12-08 | 2017-01-01 |
| LIGHTON, Thomas Hamilton, Sir | Director | — | 2009-07-24 |
| LORD BERNSTEIN OF CRAIGWEIL, Alexander | Director | — | 2010-04-12 |
| MCALPINE, Alistair, Lord | Director | — | 2014-01-17 |
| REID, Phillida Rachel Mary | Director | 2008-06-17 | 2009-07-31 |
| SAUNDERS, Stephen Frederick | Director | 1993-02-11 | 2002-07-26 |
| SAVADIA, Nitin Devchand | Director | 2005-11-24 | 2013-07-22 |
| VAN ROIJEN, Hester | Director | 1996-01-01 | 2001-06-28 |
| WADDINGTON, Anya | Director | 2014-07-08 | 2015-11-30 |
| WADDINGTON, Leslie | Director | — | 2015-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephane Custot | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-08-28 | CH01 | officers | Change person director company with change date | |
| 2024-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-15 | AA | accounts | Accounts with accounts type full | |
| 2020-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-04-16 | AA | accounts | Accounts with accounts type full | |
| 2019-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2018-11-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-39.3%
£18,401,000 £11,168,000
lowest in 5 filed years
-
Cash
-30.7%
£1,503,000 £1,042,000
lowest in 9 filed years
-
Net assets
+1.5%
£25,325,000 £25,702,000
highest in 5 filed years
-
Employees
0%
14 14
-
Operating profit
-53%
£1,077,000 £506,000
lowest in 5 filed years
-
Profit before tax
-51.5%
£1,088,000 £528,000
lowest in 5 filed years
-
Wages
-0.5%
£870,000 £866,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers