Ecobag (uk) Ltd.

Ecobag Uk Ltd, based in Bury, UK, is a large holding company with an active status, established ten years ago. The company employs 18 people and holds assets valued at £5,535,218, generating a yearly revenue of £13,553,527. While it has a registered address, twelve companies share this space, raising questions about its virtual nature. It's managed by two directors and has one owner, boasting a perfect 5.0 Google rating from two reviews. Ecobag Uk Ltd regularly imports and exports plastics and plastic products, with a history of 71 months of imports and 10 months of exports.

The company's website, ecobagsonline, is clearly an e-commerce platform focused on selling recycled bags and related products. The site prominently features sales, highlights its use of 100% recycled materials, and emphasizes hassle-free returns. The range includes bags for home and office, garden and outdoor use, heavy-duty options, and even pet hygiene bags. The website's design is clean and modern, with a focus on visual appeal and ease of navigation. It’s clear that the company is targeting environmentally conscious consumers.

Financially, Ecobag Uk Ltd presents a mixed picture. While turnover increased by 14%, reaching £14 million, net assets declined by 11% to £2.1 million. Bank borrowings increased significantly by 120%, reaching £390,000, and cash reserves fell by 10% to £98,000. Creditors decreased by 24%, suggesting improved debt management. The company meets two of three criteria to be classified as a large company, indicating a substantial operation. The accounts are audited by DJH Audit Limited.

The trends suggest that while the company is generating strong revenue, it is also taking on more debt, possibly to fund growth or manage increased costs. The decrease in cash reserves could be a cause for concern, but the decrease in creditors suggests that the company is managing its liabilities effectively. The company's focus on sustainability and its strong online presence position it well for future growth, but it will need to carefully manage its finances to ensure long-term stability.

Registered in England/Wales under the registration number 09284386, with a registered address at BL9 0DN, England, Bury, The Exchange, Bank Street.

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