Mygreenbag Ltd

Mygreenbag Ltd from London UK is a small, active company founded 12 years ago in 2012. It holds £23,856 in assets, operates from a real address at 30 Kildare Walk, and is managed by one director and owner. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Mygreenbag Ltd specializes in retail sales via mail order and online platforms, offering a range of leather goods including rucksacks, backpacks, satchels, totes, jackets, and handbags. Its website showcases a variety of styles, from classic brown and black to more vibrant colours. The company emphasizes handmade, hand-treated leather products, and highlights its online presence since 2012. They also state that their bags are "biproducts of livestock industry" and take pride in being unique.

Financially, Mygreenbag Ltd presents a mixed picture. While cash on hand increased by 80% to £260, net assets liabilities actually declined by 200% to -£1,200. Bank borrowings remained steady at £20,000, and creditors increased by 130% to £20,000. Trade debtors decreased by 5.1% to £18,000. The company’s small size helps it remain flexible, but the decline in equity raises questions about its long-term financial health. The accounts are described as "filleted accounts" and are unaudited, which is common for small companies. Raihan Mahamood is both the director and owner, and the company uses VT Final Accounts software.

Registered in England/Wales under the registration number 08308175, with a registered address at E14 7DB, England, London, 30 Kildare Walk.

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