Jamie Bags Ltd

Jamie Bags Ltd, based in Manchester, UK, is a small, active company established 11 years ago. With five employees and £1,506,208 in assets, it operates from a real address and is managed by a single director and owner. The company regularly imports and exports leather goods, travel bags, and animal harnesses – a consistent trade spanning 147 months for imports and 43 months for exports. Its website suggests a focus on fashion accessories, and it operates within the non-specialised wholesale trade industries.

The company’s online presence showcases a curated selection of bags and accessories, hinting at a targeted retail strategy. While it’s not immediately clear if Jamie Bags Ltd operates its own e-commerce platform or supplies wholesale to other retailers, the website’s design and product presentation suggest a focus on quality and style. The company’s branding is simple and professional, and its website includes contact information and a clear description of its product range.

Financially, Jamie Bags Ltd presents a mixed picture. While cash reserves increased by a healthy 57% to £400,000, net assets declined by 34% to £38,000. Trade debtors decreased by 23%, which is good, but creditors increased by 52% to £1.5 million – a significant rise that could indicate increased reliance on short-term financing. Inventory also ballooned by 310%, reaching £650,000, which might be a strategic build-up or a sign of slowing sales. Bank borrowings decreased by 80%, which is a positive sign. 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 decline in equity warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s focus on importing and exporting suggests a global supply chain, and the increase in inventory could be related to fluctuating exchange rates or changes in demand. The rise in creditors, however, needs monitoring to ensure the company maintains healthy cash flow. Overall, Jamie Bags Ltd seems to be navigating a challenging economic climate, but its established trade and focus on quality position it for continued success.

Registered in England/Wales under the registration number 08924222, with a registered address at M8 8WE, Manchester, Unit 7-8 10 Woolley Street, Cheetham Hill.

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