Azbags Limited

Azbags Limited is a small, holding company based in Wickford, UK, with an active status. Founded twelve years ago in 2012, it employs just two people and holds assets valued at £853,974. The company operates from a virtual address – 124 other companies are registered at the same location – and is overseen by two directors and one owner.

The company’s website, Azbags, describes itself as “the place for low cost items” and encourages customers to find them on eBay and send emails. It’s clear they’re focused on retail sales via mail order and the internet.

Financially, Azbags Limited presents a mixed picture. Current assets have dipped slightly, falling by 2.8% to £850,000, while equity has increased by 15% to £460,000. Cash reserves have also decreased by 40% to £3,800. Trade debtors have fallen by a significant 85%, suggesting improved collections or reduced credit sales, and creditors have decreased by 18%, which is a good sign. However, "Other Debtors" have increased by 39%, which could indicate a reliance on outstanding payments. The company’s small size (meeting two of three criteria for being small) allows for flexibility, but the decline in cash reserves and increase in "Other Debtors" warrants attention. No auditor is mentioned, meaning the financial statements are unaudited.

Overall, Azbags Limited seems to be navigating a period of change, with some positive trends offset by concerns about cash flow and outstanding debts. The company’s focus on low-cost items and online sales suggests a strategy geared towards affordability and convenience, but its financial health will depend on managing its debtors and maintaining a steady stream of income.

Registered in England/Wales under the registration number 08261548, with a registered address at SS11 7AT, United Kingdom, Wickford, Essex, 12 Station Court Station Approach.

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