Gallops Travel & Leathergoods Ltd

Gallops Travel & Leathergoods Ltd, based in London, UK, is a small, active company founded six years ago. With £104,975 in assets and a real address at 14 Old Brompton Road, it operates with two directors and two owners. The company currently holds a 3.0-star Google rating based on 11 reviews. It’s an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with just one month of imports recorded as of October 2024.

The company’s website highlights its long history, operating since 1906. Gallops Travel & Leathergoods offers a wide range of luggage, handbags, and leather accessories, with a small selection available online. They also provide bag repair services through a partner company, Bag Repairs London, specializing in designer handbags and other leather goods—even offering custom-made bags. The website also mentions a showroom in Harrods, London.

Financially, Gallops Travel & Leathergoods Ltd shows a mixed picture. Current assets have decreased by 12% to £100,000, while net assets have fallen 17% to -£32,000. Bank borrowings have decreased by 14% to £32,000, and cash reserves have fallen 23% to £49,000. Creditors have decreased by 8.1% to £120,000. The company meets two of three criteria to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as “filleted” and unaudited, and no auditor is mentioned.

Overall, Gallops Travel & Leathergoods Ltd appears to be navigating a period of financial pressure. The decrease in assets and increase in net losses suggest the company is burning through money, but the decrease in creditors indicates better debt management. The long history and partnership with Bag Repairs London offer potential for diversification, but the company’s future hinges on its ability to stabilize its financial performance.

Registered in England/Wales under the registration number 11457725, with a registered address at SW7 3DL, England, London, 14 Old Brompton Road.

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