55 Prints Ltd

55 Prints Ltd from St. Leonards-On-Sea UK: small company, active status, founded 6 years ago, accounts overdue 2 years, £3,444 assets, real address, 1 director, 1 owner, google rating 5.0 based on 2 reviews. It’s a small, family-run business operating in the vibrant arts scene of St. Leonards-on-Sea. Founded in 2019, the company has a real registered address and a solid 5.0-star Google rating from two reviews, indicating high customer satisfaction. However, its accounts are currently overdue by two years, a potential red flag. The business is run by a single director and owner, suggesting a lean operation with limited resources.

The company’s website showcases a diverse range of limited-edition silkscreen prints and apparel, featuring collaborations with renowned artists and designers. It’s clearly focused on the art world, offering prints ranging from 3 to 11 colours, some hand-finished, and even extending to record sleeve designs and apparel. The website is very well-designed, with a clear focus on showcasing the artwork and providing detailed product information. It's definitely an e-commerce operation, selling directly to customers online.

Financially, 55 Prints Ltd is facing some challenges. Current assets have increased significantly by 1500%, jumping to £3,400, but net assets are still in negative territory at -£14,000. Bank borrowings have also increased, reaching £460, while cash reserves have seen a massive increase of 970%, now sitting at £2,200. Trade debtors have ballooned by 61,000%, reaching £1,200, which could indicate a reliance on customer payments or expanded credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, and the accounts are unaudited. It's probably a lean operation, but the negative equity and rising debts are concerning.

Registered in England/Wales under the registration number 11833782, with a registered address at TN37 6DN, United Kingdom, St. Leonards-On-Sea, East Sussex, 19 Grand Parade 19 Grand Parade.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.