Handbag Angels Limited

Handbag Angels Ltd, based in Burnley, UK, is a small, family-run business with an active status. Founded eight years ago in 2016, the company employs just three people and holds £141,684 in assets. Operating from a virtual address—shared by ten other companies—it’s managed by two directors and two owners. The business runs an e-commerce site specializing in luxury handbag liners and organisers, catering to a wide range of brands from Anya Hindmarch to Vivienne Westwood. It also offers bespoke design services, allowing customers to create unique liners. The company imports textile padding, felt, and nonwoven fabrics, ropes, and cables, though import activity is irregular, with the last recorded import dating back to March 2022.

The website showcases a diverse range of products, including conversion kits, protection kits, and accessories designed to enhance and protect handbags. It features detailed product descriptions, brand listings, and a "Bespoke Liner Service" where customers can design their own custom liners. The site’s design is clean and modern, with high-quality product photography and a user-friendly shopping experience. The company also offers gift wrapping and worldwide shipping.

Financially, Handbag Angels Ltd’s recent performance presents a mixed picture. Current assets have plummeted by 70%, falling to £140,000, while net assets have also significantly decreased by 58%, now standing at £140,000. Bank borrowings have also been reduced, and cash reserves have fallen by 72%, to £57,000. Creditors have decreased by 53%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

Overall, Handbag Angels Ltd appears to be navigating a period of financial adjustment. While its e-commerce platform and bespoke services demonstrate a strong brand identity, the company will need to carefully manage its resources to ensure its long-term sustainability.

Registered in England/Wales under the registration number 10451387, with a registered address at BB11 5TE, England, Burnley, Lancashire, Crown House, Bridgewater Close.

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