Love Bags Ltd

Love Bags Ltd from Stanmore UK: a small, active company founded three years ago, boasts £57,714 in assets, operates from a virtual address, and is led by a single director and owner who is also the solo founder. The company specializes in retail, selling second-hand goods both in-store and online, alongside a diverse range of accessories, clothing, and gifts.

The company’s website, Love4Bags, showcases a vast selection of items, from handbags and scarves to watches and jewelry, catering to a broad customer base. It appears to be primarily an e-commerce operation, with a focus on unique and vintage finds. The site’s extensive product listings and detailed descriptions suggest a well-curated inventory, and the positive Google reviews (59 reviews, 5.0 rating) highlight the company’s commitment to customer satisfaction. Carla, the owner, seems to provide personalized service, even sourcing specific items for customers.

Financially, Love Bags Ltd is showing some concerning trends. Cash reserves have plummeted a staggering 86%, dropping to just £12,000, while current assets have shrunk by 57% to £58,000. Liabilities have also decreased, but the sharp decline in cash is a red flag. Loans from directors have fallen by nearly 50%, which could be a positive sign of reduced borrowing, but the overall picture suggests the company is burning through money. The company’s small size—meeting two of three criteria for a small company—means it’s likely exempt from an audit, and the unaudited accounts rely on director-reported data. It’s also worth noting that the company’s equity has worsened, dropping to -£17,000.

While Love Bags Ltd's online presence and customer reviews are impressive, the financial data paints a picture of a business struggling to maintain its cash flow. It’s possible the company is reinvesting heavily in inventory or marketing, but the significant decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 13533278, with a registered address at HA7 1JS, England, Stanmore, Devonshire House, 582 Honeypot Lane.

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