Fifty Six Ltd

Fifty Six Ltd from London UK: small company, holding company, active status, founded 9 years ago, 1 employee, £3,939 assets, virtual address, 1 director, 1 owner. Irregular importer of clothing and accessories, not knitted or crocheted (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £3,939.

Fifty Six Law is a specialist legal firm based in Manchester, UK, focusing on contentious probate and inheritance disputes. The company, founded nine years ago, operates from a registered address in London and is led by a single director, Rik El Bakhour Tabiat Rachad. It employs just one person. The firm’s website, fiftysixlaw.co.uk, details a range of services including will writing, probate, and estate administration, with a particular emphasis on challenging wills and inheritance claims. They even offer a "No Win No Fee" agreement.

The firm’s financial data reveals a concerning trend. While the company is active, its net assets have remained at -£900,000, indicating significant liabilities. Bank borrowings are at £10,000, and cash reserves are a mere £390. Creditors are high at £880,000, and trade debtors remain steady at £3,500. These figures suggest the company is burning through money, and it’s a situation that needs to be watched. The lack of employees and the absence of an auditor (likely due to small company status) mean the financial information is unaudited.

Despite the financial pressures, Fifty Six Law’s website projects an image of expertise and a commitment to client service. The firm’s focus on contentious probate cases and its "No Win No Fee" arrangement suggest a business model geared toward attracting clients with complex inheritance issues. It’s possible the company is reinvesting heavily in marketing and client acquisition, but the lack of positive cash flow is a cause for concern.

Registered in England/Wales under the registration number 09823363, with a registered address at W2 1HY, United Kingdom, London, 10 London Mews, Paddington.

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