Draft:1558 Ltd

Submission declined on 21 November 2024 by MarcGarver (talk).

This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies.

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Declined by MarcGarver 16 seconds ago. Last edited by MarcGarver 16 seconds ago. Reviewer: Inform author.

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1558 Ltd is a UK-based business SME collective buying group. Founded in 2024 it seeks to specialise in providing tailored pricing solutions for small and medium-sized enterprises (SMEs).
By leveraging collective buying power, the company aims to help SMEs achieve significant savings on essential utilities such as electricity, gas, and water in the first instance (utilising a business utility broker) and then collectively agreeing purchase arrangements for other product/service lines as appropriate.

Company Overview

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Founded: 2024
Headquartered: Ilfracombe, Devon UK
Website: 1558 website
Type of company: Private limited company
Registered in England & Wales: 15979585^[1]

Services Offered

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1558 Ltd offers a range of services designed to optimize utility costs for SMEs, including:

Utility Brokerage: Access to competitive rates on gas, electricity, and water through market and broker-only deals.
Collective Buying Power: By uniting multiple SMEs, the company seeks to negotiate better terms and prices than individual businesses might achieve.
Cost-Efficiency Solutions: Strategies aimed at maximizing profitability through optimized spending on business utilities.

[Information above is taken from the company website - no link is provided, but the reader can find this information on both the Homepage and the About Us page of that company website]

Business Model

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The company operates on a membership basis, allowing SMEs to join a buying group without long-term contracts or cancellation fees. Members benefit from collective purchasing agreements that provide access to lower utility rates.
On launch 1558 Ltd accepted members defined as 'Founder Members' on a no charge basis. Charities memberships were available on launch, and the website asserts that Charity memberships will always be free of charge.

Market Positioning

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1558 Ltd positions itself as a vital resource for SMEs looking to reduce overhead costs associated with (amongst other things) utilities. The company reports typical savings of between 5% and 35% annually for its members on utilities, although there are no reviews, case studies or citations for this claim. Claim appears to be a 'pass through' claim based on the Business Utility Broker that 1558 Ltd use for their members.

Other organisatons

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There are other SME membership groups in the UK, which Rotary International; Freemasons; Lions Club International; Round Table Club - and the focus of these clubs appears to be quite different to that of 1558 Ltd. The linked associations are (by delcaration) focussed on works in the community, whereas 1558 Ltd is focussed on generating benefit to the members and no community works are cited.

Logo

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The 1558 Ltd Logo is the company name without the Ltd designation, on pure black ground (hex= #000000) with a stylised water wheel (hex= #D3D3D3) above the numbers of the company name (hex= #ffffff).

Other variations of this logo are not added here as they are simply varying sizes or file formats. Colourways remain the same.

References

^ Companies House, Website. "UK Government". Companies House. gov.uk. Retrieved 21 November 2024.

[1] Companies House, Website. "UK Government". Companies House. gov.uk. Retrieved 21 November 2024.

[1]