Five57 Ltd

Five57 Ltd from Nottingham UK: a small, active company founded eight years ago, employs just two people, and holds £23,476 in assets. It's a family business with three directors and two owners, boasting a perfect 5.0 Google rating based on one review. The company regularly imports goods, though the specific category remains "None," with the last import activity recorded three months ago in January 2025.

Five57 Sportsgear operates as a specialist supplier of quality sports clothing, customized sports kit, and equipment. Their website showcases a wide range of teamwear options, catering primarily to rowing and paddling communities, but also extending to other sports. They are the European distributors for RegattaSport performance sports gear and the UK distributors for Burnham Boat Slings and Webasport ergometers. The site lists a comprehensive catalogue of team kit, including unisuits, tops, bottoms, and accessories, alongside a dedicated section for custom-made sportswear. It's clear they're focused on providing a one-stop shop for teams and individuals seeking quality sports apparel.

Financially, Five57 Ltd presents a mixed picture. Current assets have declined significantly, dropping 49% to £23,000, while net assets have plummeted 130% to -£41,000. Bank borrowings have decreased by 40%, though cash reserves have fallen dramatically, dropping 87% to just £2,800. Creditors have increased by 19%, and trade debtors have decreased by 14%. The company meets the criteria for a small company—with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit. The substantial decrease in equity, however, is a cause for concern, suggesting the company is burning through money. The lack of employees also points to a lean operation, relying heavily on the directors. It’s possible the company is reinvesting heavily in its business, but the sharp drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 10591421, with a registered address at NG2 7QX, England, Nottingham, 6b Wilford Lane, West Bridgford.

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