Dk Bags Ltd

Dk Bags Ltd from Kent UK: a small, active company founded 11 years ago, employs five people, and holds £779,849 in assets. With two directors and two owners, it maintains a real address and has a Google rating of 1.0 based on two reviews. The company regularly imports leather goods, travel bags, and animal harnesses, with 39 months of import activity recorded. It operates in the wholesale of textiles industries.

The company’s website is not available for review.

Financially, Dk Bags Ltd shows a mixed picture. Current assets increased by 41% to £780,000, while net assets grew by 24% to £370,000. Bank borrowings remained stable at £87,000. Creditors, however, significantly increased by 61%, reaching £410,000, and trade debtors rose by 59%, hitting £270,000. The company’s size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The increase in debt, however, may indicate a need for improved cash flow management. The company’s small size means it’s exempt from an audit, so the figures are unaudited. The significant increase in creditors, especially, should be monitored closely. It seems that the company has been investing in inventory, as other inventories have increased by 38%.

Registered in England/Wales under the registration number 08841246, with a registered address at CT9 5TR, Kent, 30 Mere Gate, Margate.

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