My Leather Manbag Ltd

My Leather Manbag Ltd is a small, family-run business based in Porthmadog, Wales, with an active trading status. Founded eleven years ago in 9th July 2013, the company holds just £10,095 in assets and operates from a real address at Greenways, High Street. It's led by three directors and owned by Lewis Awel and Lewis Robert Gwilym, although this list may not be exhaustive. The company’s website, The Leather Mob, showcases a wide range of Italian leather goods, from bags and accessories to homeware and gifts, sold both online and through three physical boutiques in Windermere, Alnwick, and Beverley.

The Leather Mob’s website is a vibrant online marketplace, with a focus on quality and craftsmanship. It offers a diverse collection of leather products, categorized by style, color, and detail. The site also features a dedicated travel edit, showcasing bags and accessories designed for globetrotters. Beyond leather goods, The Leather Mob also offers jewellery, clothing, and even scented candles and diffusers. The site's design is clean and modern, with high-quality product photography and a user-friendly shopping experience.

Financially, My Leather Manbag Ltd presents a mixed picture. Current assets remain steady at £10,000, but cash bank on hand has dropped significantly by 70% to just £95. Creditors have increased by 8.4% to £63,000, while equity has declined by 11% to -£53,000. Net current assets liabilities have also increased to -£53,000. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decrease in equity and cash reserves is a cause for concern. There’s no auditor mentioned, which is typical for small, exempt companies.

Despite the financial challenges, The Leather Mob's strong online presence and multiple retail locations suggest a commitment to growth. The company’s focus on quality leather goods and its diverse product range could help it weather the storm, but it will need to manage its debts and improve its profitability to ensure long-term success.

Registered in Wales under the registration number 08597843, with a registered address at LL49 9LW, Porthmadog, Gwynedd, Greenways, High Street.

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