Fiftyseven Limited

Fiftyseven Ltd from Potters Bar UK is a small, active company founded eight years ago. With two employees and £360,589 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. The company is involved in importing and exporting miscellaneous manufactured goods, albeit irregularly – one month of imports and two months of exports recorded. It’s a small operation, meeting two of three conditions to qualify as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's activities encompass manufacturing other chemical products, wholesale of household goods, and manufacturing other plastic products. Its website is currently unavailable, making it difficult to assess its e-commerce presence or specific product offerings.

A review of the company’s financial data reveals a mixed picture. While net assets improved slightly, rising from -£460,000 to -£430,000, cash reserves saw a significant boost, increasing by 280% to £5,200. Bank borrowings are up, albeit modestly, at £240. Trade debtors have ballooned by a staggering 2,100%, indicating a potential issue with customer payments or an expansion of credit terms. Creditors also increased, rising by 16% to £760,000. The company's average number of employees has decreased by 50% to just one, which could be a result of restructuring or a shift towards automation.

The company’s unaudited accounts, prepared using Taxfiler, show a continued reliance on director-reported data. The significant increase in trade debtors, combined with the decrease in employees, suggests a possible need to carefully manage cash flow and potentially re-evaluate operational efficiency. While the company’s assets have increased, the negative equity and growing debts highlight the challenges of maintaining financial stability.

Registered in England/Wales under the registration number 10428638, with a registered address at EN6 1BW, United Kingdom, Potters Bar, Brosnan House 175 Darkes Lane, Suite 2b.

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