Threesix Fast Ltd

Threesix Fast Ltd, based in Uckfield, UK, is a small, active company founded six years ago. With a single employee and £15,756 in assets, it operates from a virtual address, a common trait for smaller online businesses. Run by a solo founder who also serves as director and owner, the company’s core business is e-commerce, evidenced by its well-rated website. Customers have given it a perfect 5.0 rating on Google based on two reviews.

The Threesixfive website showcases a collection of vegan leather bags and accessories, emphasizing a luxury alternative to traditional leather. The site's design is clean and modern, featuring a range of slouchy totes, mini totes, and lock bags in various colors. The company’s marketing message focuses on ethical sourcing (recycled paper and vegan leather) and a commitment to sustainable practices, aiming to appeal to environmentally conscious consumers. They don't encourage fast fashion, hoping customers will love their products.

Financially, Threesix Fast Ltd presents a mixed picture. While cash reserves increased by a significant 310% to £4,000, current assets declined by 13% to £16,000. Trade debtors have skyrocketed by 1300%, reaching £1,100, suggesting a possible shift in payment terms or increased sales on credit. However, creditors also rose by 43% to £55,000, and net losses deepened, leaving equity at a concerning -£39,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity and rising debts are a cause for concern. The company is exempt from an audit, relying on unaudited financial statements.

The director, Vestdam-Crowe John Ralph, owes the company £53,676, a balance that has increased from £37,212 the previous year. This suggests a personal loan or investment from the director, but the details are not entirely clear. Overall, Threesix Fast Ltd appears to be navigating the challenges of a growing e-commerce business, but the financial data indicates a need for careful management to avoid burning through cash.

Registered in England/Wales under the registration number 11622740, with a registered address at TN22 1QL, England, Uckfield, East Sussex, Atlantic House, 8 Bell Lane.

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