Seventy4store Limited

Seventy4store Limited is a small, active company based in London, UK, founded eleven years ago in 2014. The company, with £1,363,774 in assets, operates from a virtual address shared by thirty-nine other businesses, a detail that raises some questions. It’s a solo-founder operation, managed by a single director and owner, Sikandari Ahmad Tariq.

The company’s website, Seventy Four, positions itself as a retailer specializing in hosiery and offering “unbeatable outlet deals.” It's clearly an e-commerce business, with a focus on men's, women's, and kids' clothing. The site also features a subscription option for news, specials, and sales, and provides contact information including a London address and phone number. It's a well-designed site, and the emphasis on customer service and a 30-day return policy suggests a modern approach to online retail.

Financially, Seventy4store Limited presents a mixed picture. While current assets increased by 19% to £1,400,000, net assets decreased by 15% to £1,300,000. Cash bank on hand saw a significant jump, rising by 380% to £44,000—a positive sign. However, creditors surged by 600% to £530,000, indicating increased short-term liabilities. Trade debtors remained stable, and equity dropped by 15% to £1,300,000. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the decrease in equity and the substantial increase in creditors warrant further scrutiny. No auditor is mentioned, likely due to its status as a small company, so the financial information is unaudited.

Overall, Seventy4store Limited appears to be navigating a period of change. The increase in cash is encouraging, but the rising debt levels suggest it's potentially burning through money. It's a small business with a niche focus, but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 09000520, with a registered address at E1 4UN, England, London, 100 Mile End Road.

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