Bagista Ltd

Bagista Ltd from London UK: a small holding company with an active status, was founded ten years ago in 2014. Employing ten people and boasting £1,918,628 in assets, it operates from a real address in Knightsbridge. With two directors and one owner, the company’s business model is a bit unusual: it’s an irregular importer of leather goods, travel bags, and animal harnesses (just one month of imports recorded in 2019), but a regular exporter of the same items (51 months of exports, with the most recent in January 2025).

The company's website, Bagista, is a pre-loved handbag destination. It's clearly an e-commerce business, showcasing a wide range of luxury brands like Hermès, Chanel, Louis Vuitton, and Dior. The site emphasizes authentication, offering a “trusted and exceptional shopping experience” with AI-powered technology. It also provides a consignment service, allowing customers to sell their own luxury bags. The website has a clean, modern design and highlights a personal shopper service, indicating a focus on customer service.

Financially, Bagista Ltd presents a mixed picture. While cash reserves increased by a substantial 170% to £790,000, current assets dropped by 48% to £1,900,000. Trade debtors have also increased significantly by 86%, which could indicate a reliance on credit sales. Net assets have seen a remarkable 120% increase to £1,200,000, likely driven by retained earnings. Bank borrowings decreased by 24%, which is a positive sign. Creditors have decreased by 2.4%, suggesting improved debt management. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for companies of this size.

In conclusion, Bagista Ltd seems to be a thriving, albeit small, business, capitalizing on the pre-loved luxury goods market. The increase in cash reserves is encouraging, but the rise in trade debtors warrants monitoring. The company's online presence and consignment service appear to be key drivers of its success, and it's interesting to see how the business is managing its irregular import activity alongside its regular export operations.

Registered in England/Wales under the registration number 09030777, with a registered address at SW3 2EJ, England, London, London, 221 Brompton Road Knightsbridge.

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