Bag Direct Ltd

Bag Direct Ltd, from Warwick UK, is a small, active company founded just one year ago. It’s a solo venture, run by a single director and owner, Jerman Jason Wayne, and employs just one person. The company holds £10,300 in assets and operates from a virtual address shared by seventeen other companies, which is a little unusual.

Bag Direct Ltd specializes in retail sales via mail order and the internet, offering a vast selection of bags – from barrel bags and beach totes to laptop rucksacks and industrial bespoke options. Their website showcases a wide range of products, catering to diverse needs, including promotional bags, eco-friendly shopping bags, and even USB charge point bags. They also offer bespoke branding services, allowing customers to personalize their bags. The website is well-designed, with clear product categories, high-quality images, and customer testimonials.

Financially, Bag Direct Ltd’s numbers are modest, reflecting its small size. Current assets are reported at £10,300, with £4,700 held in cash. Creditors are £10,000, and the company has £640 outstanding in debtors. Equity is a mere £150, with £1 held in share capital. Net assets and liabilities are also £150. The company’s small size means it meets two of three conditions to be considered small – turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is common for small companies.

The decline in equity, though small, could indicate that the company is reinvesting profits back into the business, or perhaps facing some early-stage challenges. The high number of companies sharing the registered address is a little concerning, but it’s likely a serviced office space. Overall, Bag Direct Ltd appears to be a small, focused business with a clear online presence, but its financial health is something to keep an eye on.

Registered in England/Wales under the registration number 15232292, with a registered address at CV34 6LX, United Kingdom, Warwick, Warwick Business Centre Hawkes Drive, Heathcote Ind Est.

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