Designer Travel Goods Limited

Designer Travel Goods Limited, a small holding company based in London, UK, has been active since its founding five years ago in 2019. The company, with just two employees and £565,367 in assets, operates from a virtual address—44 other companies share the same location, which is a bit unusual. It’s led by one director and has two owners, though the list of owners may not be complete.

The company’s primary focus is facilitating travel experiences, operating as a travel agency with over 170 home-based travel experts. They specialize in a range of holidays, including adult-only, all-inclusive, and luxury options, partnering with various hotels and cruise lines. Their website highlights a passion for personalized service and expert guidance, aiming to make holiday planning stress-free for customers. They even have a travel agency in Ramsbottom, allowing customers to meet experts in person.

Financially, Designer Travel Goods Limited shows some concerning trends. Cash bank on hand has fallen significantly by 76% to just £3,200, and net assets have decreased by a substantial 68%, landing at -£120,000. Trade debtors have also increased considerably, rising 91% to £470,000. On the brighter side, creditors have increased by 8.8% to £690,000, and current assets are relatively stable at £570,000. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the financial statements are unaudited. The company's retained earnings and accumulated losses are also negative.

Despite the challenges, Designer Travel Goods Limited appears to be navigating the market with a focus on customer service and a network of experienced travel experts. Whether the company can sustain its growth and profitability remains to be seen, but it’s clear that the company is trying to provide a personalized travel experience.

Registered in England/Wales under the registration number 12298797, with a registered address at NW8 0DL, United Kingdom, London, 55 Loudoun Road, St. John's Wood.

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