THE FINE ART AUCTION GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  The Director believes that there is material uncertainty relating to the Group's position as a going concern due to the insolvency, administration and liquidation of a number of group companies including the head of the Group, The Stanley Gibbons Group plc post balance sheet date. The major assets within the group have been sold in December 2023.

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

• Turnover

  —

  Not reported

• Cash

  0%

  £71,661 → £71,631

• Net assets

  0%

  -£15,170,948 → -£15,172,973

• Employees

  —

  Not reported

• Operating profit

  -1,298.2%

  £169 → -£2,025

• Profit before tax

  +99.6%

  -£477,767 → -£2,025

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. THE FINE ART AUCTION GROUP LIMITED 2002-01-22 → present
2. IBRAX LIMITED 1999-10-26 → 2002-01-22
3. LOGICCHANGE LIMITED 1999-09-10 → 1999-10-26

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“The Director believes that there is material uncertainty relating to the Group's position as a going concern due to the insolvency, administration and liquidation of a number of group companies including the head of the Group, The Stanley Gibbons Group plc post balance sheet date. The major assets within the group have been sold in December 2023.”

Group structure

1. THE FINE ART AUCTION GROUP LIMITED · parent
   1. Dover Street Limited 100% · Holding company
   2. Milsom Street Limited 100% · Dormant
   3. Octagon Chapel Limited 100% · Retailer of works of art and antiques
   4. Mallett Inc. 100% · Retailer of works of art and antiques
   5. Madebymeta Inc. 100% · Dormant

Significant events

• “Mallet Inc. entered into a Chapter 11 bankruptcy process in the United States.”
• “AHB Realisations Ltd (formerly A.H Baldwin & Sons Limited) and SGLB Realisations 2023 Limited (formerly Stanley Gibbons Limited) entered into administration.”
• “The group head company, Stanley Gibbons Group plc in Jersey entered liquidation as well as other UK group companies, Milsom Street Limited and Stanley Gibbons Holdings Limited.”

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.