Five Seventy Three Ltd

Five Seventy Three Ltd is a small, active company based in Sheffield, UK, founded seven years ago in 2017. With £110,341 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner. The business operates an architectural activities industry, with a focus on stationery and giftware. The company’s website showcases a wide range of products, including greetings cards, wrapping paper, notebooks, and letterpress stationery, alongside a selection of brands like Aless Baylis and Anthony Burrill. It even offers a showroom booking service.

The website clearly operates as an e-commerce platform, selling a diverse range of stationery and gift items directly to consumers. The site is well-designed and features a comprehensive catalog, brand listings, and a "best sellers" section. It seems to be a retail operation, with a focus on curated brands and unique designs. The business has been importing Iron or Steel Products, but only for two months as of November 2021.

Financially, Five Seventy Three Ltd presents a mixed picture. Current assets declined by 11% to £110,000, while net assets plunged 220% to -£210,000—a significant downturn. Bank borrowings increased by 190% to £21,000, and cash reserves remained steady at £3. Creditors rose 73% to £320,000, and trade debtors decreased by 92% to £1,700. The lack of employees (nine reported) suggests a lean operation. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises concerns. The company seems to be burning through cash, and its reliance on creditors to fund operations is a potential risk. It’s a challenging situation, but the company’s focus on curated brands and unique designs could help it attract customers and improve its financial performance.

Registered in England/Wales under the registration number 10967312, with a registered address at S11 7AD, England, Sheffield, South Yorkshire, 207 Rustlings Road.

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