Maxwell Scott Bags Limited

Maxwell Scott Bags Ltd, based in York, UK, is a small, family-run business with an active status. Founded twelve years ago, the company employs eight people and holds £527,566 in assets. It operates from a real address and is led by one director and two owners. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 76 reviews. It regularly imports and exports leather goods, travel bags, and animal harnesses, with 101 months of import activity and 100 months of export activity recorded.

The company’s website showcases a range of luxury leather goods, including briefcases, wallets, and travel accessories. It caters to both men and women, offering a variety of styles and collections. The site emphasizes handcrafted quality, Italian craftsmanship, and personalization options. It also highlights a commitment to sustainability, partnering with Ecologi to grow a forest. The site’s design is clean and professional, reflecting the brand’s premium positioning.

Financially, Maxwell Scott Bags Ltd presents a mixed picture. Net assets have decreased significantly, dropping 160% to -£330,000. Bank borrowings have increased dramatically, surging 110% to £260,000, and cash reserves have fallen 12% to £22,000. Creditors have decreased by 42%, 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 substantial equity decline raises concerns. The number of employees has increased by 38% to eleven, which could be a sign of growth or increased operational needs. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Maxwell Scott Bags Ltd appears to be navigating a challenging financial landscape while maintaining a strong brand reputation and a loyal customer base. The company’s success will likely depend on its ability to manage its debt, control costs, and continue to deliver high-quality products.

Registered in England/Wales under the registration number 08417609, with a registered address at YO19 5SN, York, North Yorkshire, Unit 9 Hassacarr Close, Dunnington.

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