ANGELA FLOWERS GALLERY LIMITED

• ⚠

  Material uncertainty over going concern

  In the year the parent company was in breach of one of the bank loan covenants, which required the parent company's cashflow less dividends, net capital expenditure and taxation for any relevant period will not be less than 130% of Debt Service for that relevant period. The bank is aware of the breach. The managing director is in regular conversations with the bank relationship director and the board is confident that it has the bank's continued support.

1. ANGELA FLOWERS GALLERY LIMITED 2010-09-01 → present
2. ANGELA FLOWERS GALLERY PLC 1971-01-29 → 2010-09-01

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

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.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“In the year the parent company was in breach of one of the bank loan covenants, which required the parent company's cashflow less dividends, net capital expenditure and taxation for any relevant period will not be less than 130% of Debt Service for that relevant period. The bank is aware of the breach. The managing director is in regular conversations with the bank relationship director and the board is confident that it has the bank's continued support.”

Group structure

1. ANGELA FLOWERS GALLERY LIMITED · parent
   1. M & E Flowers Inc. 100% · USA · Art Dealer
   2. Flowers Gallery HK Limited 100% · Hong Kong · Art Dealer

Significant events

• “The subsidiary company in Hong Kong, showed an decrease in turnover by 28.7% from £1,158,880 in 2023 to £826,105. The directors believe the Hong Kong subsidiary will increase its revenue in the future as the company continues to develop its presence in the Far East. The gallery continues to solidify its connection to the Asian art market.”
• “Trading in North America improved compared with the previous year. The turnover increased by 50.5% in the year from £672,212 in 2023 to £1,011,618. Revenue is generated primarily from sales to US customers that have been nurtured in the last 3 decades both at the Gallery and through art fairs, alongside increasing online sales. The directors are looking at measures that might include a new but smaller physical space or viewing room, "pop up" spaces, collaborations with peer galleries and art fair participation to improve future performance.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.7%

  £3,752,603 → £4,303,935

• Cash

  +28.2%

  £246,214 → £315,533

• Net assets

  -16.8%

  £2,075,312 → £1,726,076

• Employees

  0%

  21 → 21

• Operating profit

  +47.8%

  -£422,879 → -£220,683

• Profit before tax

  +35.2%

  -£555,444 → -£359,682

• Wages

  -1.9%

  £1,255,328 → £1,231,156

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