Luggage 4 U Limited

Luggage 4 U Limited is a small, active company based in Gravesend, UK, founded eight years ago. With a single employee and £98,985 in assets, it’s a solo-founded operation led by a director and owner, Arif Muhammad. The company operates in the retail sale via mail order houses or via internet, offering a wide range of luggage and accessories.

The company's website, Luggage4u.be, showcases a diverse selection of hard and soft suitcases, backpacks, and travel bags from brands like Discovery, Saxoline, and Goodyear. It’s clearly an e-commerce business, with a user-friendly interface and a focus on free shipping and special offers. The site is available in Dutch and English, targeting customers in Belgium, Germany, France, Luxembourg, and the Netherlands. They also have a sale section, which is a good thing.

Financially, Luggage 4 U Limited presents a mixed picture. Cash bank on hand has significantly dropped by 79%, falling to just £20,000. Creditors have also increased, both within one year and after one year, suggesting a reliance on borrowing. However, trade debtors have ballooned by a staggering 11,000%, which could indicate difficulties in collecting payments, or perhaps a strategic shift to offer more credit. Equity is in the negative, with retained earnings and accumulated losses totaling -£18,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so the figures are unaudited.

Despite these challenges, Luggage 4 U Limited appears to be holding its own in a competitive market. The website is well-designed, and the range of products is impressive. It’s a small business with potential, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 10669044, with a registered address at DA11 8HB, England, Gravesend, Unit A4, Springhead Enterprise Park Springhead Road, Northfleet.

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