Italian Bag And Moda Euro Ltd

Italian Bag And Moda Euro Ltd, based in Shepton Mallet, UK, is a small, active company established six years ago in December 2018. With three employees and £746,138 in assets, it operates from a virtual address, a fact highlighted by the presence of 177 other companies registered at the same location. The company is led by one director and one owner, Samuel Frances Mary. It’s a regular importer of clothing and accessories, specifically those not knitted or crocheted, with 49 months of import activity recorded, and a regular exporter of clothing and accessories made by knitting or crocheting, with 15 months of export activity.

The company’s website showcases a wholesale operation specializing in fashion items, particularly scarves, hats, gloves, and bags. It seems to be primarily an online retailer, with a focus on seasonal collections and a range of products from Vera Tucci, a well-known brand. The site highlights a variety of leather bags, including premium suede options and camera bags, alongside a selection of PPE and site supplies. It's clear the company is aiming for a broad appeal, catering to both fashion-conscious consumers and industrial clients.

Financially, Italian Bag And Moda Euro Ltd presents a mixed picture. Current assets have decreased by 20%, falling to £750,000, while net assets have plummeted to -£130,000—a significant drop. Bank borrowings have vanished completely, reducing from £24,000 to zero, and cash reserves have halved, down to £280,000. Trade debtors have surged by 190%, reaching £150,000, which could indicate a shift in payment terms or increased sales on credit. Creditors have also decreased, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity loss raises concerns. As a small company, it's exempt from an audit, so the figures are unaudited.

The company’s focus on wholesale and online retail, combined with the fluctuating financials, suggests it's navigating a competitive market. The significant drop in equity, while concerning, could be due to investments in inventory or marketing efforts. It will be interesting to see how the company’s export activities and online presence contribute to its long-term financial health.

Registered in England/Wales under the registration number 11734193, with a registered address at BA4 5BU, England, Shepton Mallet, 5 Commercial Road.

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