CROZIER FINE ARTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-18 (in 10mo)
Last made up 2026-03-04
Watchouts
Cash
£1M
-52.7% vs 2023
Net assets
£1M
-60.6% lowest in 6 filed years
Employees
139
+7.8% highest in 6 filed years
Profit before tax
£229K
+268.5% first positive since 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-01-31 | 2020-02-01 | 2021-01-31 | 2021-02-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £21,502,996 | — | £13,892,160 | — | £15,281,921 | — | £20,320,255 | — | £21,281,226 | £20,227,979 | |
| Operating profit | £1,649,861 | — | £468,632 | — | -£541,970 | — | -£533,377 | — | £8,768 | £314,807 | |
| Profit before tax | £1,581,376 | — | £417,814 | — | -£590,591 | — | -£565,553 | — | -£136,086 | £229,302 | |
| Net profit | £1,300,591 | — | £330,429 | — | -£575,003 | — | -£455,362 | — | -£42,445 | £84,803 | |
| Cash | £2,400,954 | £2,400,954 | £3,126,020 | £3,126,020 | £2,841,700 | £2,841,700 | £969,073 | £813,660 | £2,947,456 | £1,394,330 | |
| Total assets less current liabilities | £9,848,870 | — | £10,093,021 | — | £4,286,895 | — | £3,255,271 | — | £3,792,126 | £2,184,310 | |
| Net assets | £8,771,812 | — | £9,102,241 | — | £3,630,401 | — | £3,175,039 | — | £3,132,594 | £1,234,607 | |
| Equity | £8,771,812 | £8,771,812 | £9,102,241 | £9,102,241 | £3,630,401 | £3,630,401 | £3,175,039 | £3,175,039 | £3,132,594 | £1,234,607 | |
| Average employees | 133 | — | 123 | — | 109 | — | 124 | — | 129 | 139 | |
| Wages | £6,292,122 | — | £5,343,339 | — | £5,083,520 | — | £7,053,025 | — | £6,492,694 | £5,972,143 |
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 | 2020-01-31 | 2020-02-01 | 2021-01-31 | 2021-02-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 7.7% | — | 3.4% | — | -3.5% | — | -2.6% | — | 0.0% | 1.6% | |
| Net margin | 6.0% | — | 2.4% | — | -3.8% | — | -2.2% | — | -0.2% | 0.4% | |
| Return on capital employed | 16.8% | — | 4.6% | — | -12.6% | — | -16.4% | — | 0.2% | 14.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 76.3% | 92.4% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.19x | 0.52x | |
| Interest cover | 24.08x | — | 9.22x | — | -11.15x | — | -13.56x | — | 0.06x | 3.68x |
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
- Moore Kingston Smith
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The ultimate parent company, Iron Mountain Inc has confirmed that they will continue to provide financial support to enable the Company to continue to trade and meet its liabilities for at least 12 months. Intercompany creditors of £9,146,091 will not be recalled until the company is in a financial position for them to do so.”
Significant events
- “During 2024, the Company executed a further reorganisation of its operations, successfully integrating transportation and warehouse functions to deliver a superior client experience. This was supported by a review of internal processes and increased global collaboration across Crozier offices.”
- “On 4 November 2024, an asset purchase agreement took place between Crozier Fine Arts Limited, Iron Mountain (UK) Services Limited and Iron Mountain (UK) PLC whereby the assets of Iron Mountain (UK) Services Limited and Iron Mountain (UK) PLC were sold to Crozier Fine Arts Limited.”
- “During the year, under a settlement agreement, the company received a statutory compensation of £340,595 in respect of a previously occupied lease property.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LINDQUIST BROSJO, Charlotta Birgitta | Director | 2025-01-01 | Jan 1972 | Swedish |
| SMITH, Paul Charles | Director | 2019-06-01 | Sep 1984 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KIDSON, Nigel David Learmonth | Secretary | 2001-05-20 | 2010-10-21 |
| MARTIN, Jillian Anne | Secretary | — | 2001-05-04 |
| SHEFFIELD, Simon | Secretary | 2010-10-21 | 2021-04-08 |
| BAILEY, Ivan Lawrence | Director | 2017-05-08 | 2020-07-01 |
| CHAPMAN, Anthony Michael | Director | — | 2010-10-21 |
| HORNBY, Simon John Tayler | Director | 2021-04-08 | 2025-01-01 |
| KENNEDY, Jonathan Charles | Director | 2014-11-24 | 2020-07-27 |
| KIDSON, Nigel David Learmonth | Director | — | 2010-10-21 |
| KNEALE, Christopher John | Director | 1996-01-17 | 2017-04-11 |
| MARTIN, Jillian Anne | Director | — | 2001-05-04 |
| RADIA, Jashel | Director | 2020-10-16 | 2020-12-15 |
| REVERT, Arnaud Nicolas Dominique | Director | 2021-04-08 | 2024-06-14 |
| SHEFFIELD, Simon Robert Alexander | Director | 2009-12-15 | 2021-04-08 |
| STOREY, Mark Henry | Director | 2014-03-19 | 2021-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iron Mountain (Uk) Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-08 | Active |
| Syon Art Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-04-08 |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-06 | AA | accounts | Accounts with accounts type full | |
| 2025-04-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-05 | AA | accounts | Accounts with accounts type full | |
| 2023-11-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-11-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-10-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-23 | AA | accounts | Accounts with accounts type full | |
| 2021-09-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-21 | CH01 | officers | Change person director company with change date | |
| 2021-07-02 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
-4.9%
£21,281,226 £20,227,979
-
Cash
-52.7%
£2,947,456 £1,394,330
-
Net assets
-60.6%
£3,132,594 £1,234,607
lowest in 6 filed years
-
Employees
+7.8%
129 139
highest in 6 filed years
-
Operating profit
+3,490.4%
£8,768 £314,807
first positive since 2022
-
Profit before tax
+268.5%
-£136,086 £229,302
first positive since 2023
-
Wages
-8%
£6,492,694 £5,972,143
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