Luggage & Bags Ltd

Luggage & Bags Ltd is a small, active company based in Leicester, UK, founded nine years ago in 2015. With two employees and £208,589 in assets, it operates as a solo-founded e-commerce site selling luggage and accessories. The company has one director and one owner, and its registered address is a virtual one, shared by 57 other companies. It imports electrical machinery and equipment irregularly, with the last import operation occurring over two years ago in October 2020.

The company’s website, Baggage Factory UK, is a bustling online retailer specializing in travel bags, luggage accessories, and brands like Briggs Riley and Samsonite. It offers a wide range of products, including suitcases, briefcases, wallets, and iPad cases, catering to both domestic and international travelers. The site emphasizes free shipping on UK mainland orders and features a variety of popular products, brands, and collections, with a focus on hard shell and expandable luggage options. It also sells American Tourister products.

Financially, Luggage & Bags Ltd presents a mixed picture. Current assets have increased by 23%, reaching £210,000, while net assets have also risen by 25%, totaling £79,000. Cash bank on hand has seen a significant boost, increasing by 55% to £170,000. However, trade debtors have decreased by 45%, falling to £5,300, and creditors have increased by 22%, reaching £130,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. It is worth noting that the company’s turnover is not mentioned in the report. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Luggage & Bags Ltd appears to be a stable, albeit small, e-commerce business. The increase in cash reserves suggests healthy operations, but the rise in creditors warrants monitoring. The company’s focus on luggage and accessories, combined with its online presence, positions it well in the competitive travel market.

Registered in England/Wales under the registration number 09713441, with a registered address at LE5 4LE, England, Leicester, Leicestershire, 109 Coleman Road.

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