Baraka Consultants Ltd: Company Profile

Background

Company Overview

Baraka Consultants Ltd is a private limited company incorporated on 22 August 2012. The company specializes in fine art consultancy, focusing on Modern and Impressionist paintings, as well as Post-War and Contemporary Art. It offers a range of services, including private sales, auction sales, acquisitions, and collection management.

Mission and Vision

Baraka Consultants Ltd aims to enhance clients' art collections by providing tailored solutions that align with their collecting strategies. The company is committed to transparency and integrity, adhering to the EU Fifth Money Laundering Directive (5AMLD) to ensure compliance and build trust with clients and partners.

Key Strategic Focus

Core Objectives

The company's primary objectives include assisting clients in building and managing their art collections, sourcing exclusive off-market opportunities, and providing comprehensive services such as due diligence, market analysis, and logistical support.

Areas of Specialization

Baraka Consultants Ltd specializes in Modern and Impressionist paintings, Post-War and Contemporary Art, and Islamic and Eastern art. The company has an extensive network of contacts worldwide, enabling it to source and advise on a diverse range of artworks.

Key Technologies Utilized

The company leverages digital tools and platforms to manage and showcase art collections, ensuring efficient communication and transaction processes. Additionally, Baraka Consultants Ltd is involved in the digitalization of art, including the use of blockchain for registering artworks and exploring opportunities in NFTs and ordinals.

Primary Markets Targeted

Baraka Consultants Ltd serves a global clientele, including private collectors, corporate clients, galleries, museums, and investors. The company has successfully sold artworks to various entities and advises collectors on building their collections.

Financials and Funding

Funding History

As a private limited company, Baraka Consultants Ltd's financial details are not publicly disclosed. The company has been operational since 2012, with its most recent annual accounts submitted for the period ending 31 March 2023.

Recent Financial Performance

The company's financial performance for the period ending 31 March 2023 indicates a cash balance of £2,111, a decrease of £4,617 (69%) from the previous period. Total assets amounted to £26,960, a decrease of £11,350 (30%), while total liabilities stood at £36,230, an increase of £1,780 (5%). Net assets were reported at -£9,270, a decrease of £13,130 (340%).

Pipeline Development

As a fine art consultancy, Baraka Consultants Ltd does not have a pipeline of products or clinical trials. Instead, the company focuses on sourcing and advising on artworks, managing collections, and facilitating transactions for clients.

Technological Platform and Innovation

Proprietary Technologies

Baraka Consultants Ltd utilizes digital platforms to manage and showcase art collections, ensuring efficient communication and transaction processes. The company is also involved in the digitalization of art, including the use of blockchain for registering artworks and exploring opportunities in NFTs and ordinals.

Significant Scientific Methods

The company employs due diligence and market analysis methodologies to assess the authenticity, condition, and value of artworks. These processes involve collaboration with art law and tax advisors, valuers, and other art market specialists.

Leadership Team

Kristiane Backer

Position: Director

Professional Background: Kristiane Backer has been active in the field of arts, culture, and music since her professional beginnings in Germany. She now works as a fine art consultant based in London, focusing on Modern and Impressionist paintings, as well as Post-War and Contemporary Art. Kristiane has an extensive network of contacts worldwide and has successfully sold artworks to collectors, galleries, museums, and investors. She is also involved in various cultural projects and engaged in intercultural dialogue.

Competitor Profile

Market Insights and Dynamics

The fine art consultancy market is characterized by a diverse range of players, including independent consultants, galleries, and auction houses. The market is influenced by factors such as economic conditions, art market trends, and the growing interest in art as an alternative investment.

Competitor Analysis

Baraka Consultants Ltd operates in a competitive landscape with several notable competitors:

Baraka Consulting (South Africa): An ICT and professional services company delivering enterprise technology infrastructure solutions and business consultancy services in the Southern Africa market.

Baraka Consulting (Tanzania): Provides consultancy services related to acts, regulations, and bills, focusing on legal and governmental advisory.

Baraka Consulting (Belgium): A management consulting firm based in Edegem, Antwerpen, offering services in management, scientific, and technical consulting.

Baraka Consulting Pty Ltd (Australia): A management consulting firm based in Ashby, Western Australia, providing services in management, scientific, and technical consulting.

Strategic Collaborations and Partnerships

Baraka Consultants Ltd collaborates with a network of art professionals, including private collectors, corporate clients, leading museums, curators, art market specialists, valuers, art law and tax advisors, auctioneers, restorers, art finance specialists, and lenders. These partnerships enable the company to offer comprehensive services to its clients.

Operational Insights

Baraka Consultants Ltd differentiates itself through its extensive network and personalized approach to art consultancy. The company's focus on transparency, integrity, and compliance with regulations enhances its reputation and trustworthiness in the market. By leveraging digital tools and platforms, Baraka Consultants Ltd ensures efficient management and showcasing of art collections, catering to the evolving needs of its global clientele.

Strategic Opportunities and Future Directions

Baraka Consultants Ltd is well-positioned to capitalize on the growing interest in art as an alternative investment. The company's involvement in the digitalization of art, including the use of blockchain and exploration of NFTs, presents opportunities to expand its services and reach a broader audience. By continuing to build and maintain its extensive network and adhering to its core values of transparency and integrity, Baraka Consultants Ltd can strengthen its market position and achieve future growth.