Shopping Bags Direct Ltd

Shopping Bags Direct Ltd from London UK: a small company with an active status, was founded 23 years ago in 2001. It employs just one person and holds £47,358 in assets, operating from a virtual address. With one director and one owner, the company regularly imports paper and paperboard products – 7 months of imports were recorded, the last in 2020.

The company’s website, ShoppingBagsDirect.com, showcases a wide array of bags for various purposes, from retail shopping to gift packaging. It offers bags in different colours, sizes, and materials, including laminated paper bags, cotton bags, jute bags, and non-woven bags. The site emphasizes customization options, allowing businesses to print their logos and designs on the bags. It also highlights the benefits of using paper bags, such as their eco-friendliness and their ability to enhance brand awareness. The site's layout is quite extensive, with many categories and subcategories.

Financially, Shopping Bags Direct Ltd’s recent performance shows some concerning trends. Current assets have dropped significantly by 33%, falling to £47,000, while net assets have plummeted by a staggering 100%, resulting in a negative balance of -£17,000. Bank overdrafts have increased by 56%, reaching £22,000, and cash reserves have fallen by 69%, leaving just £390. Trade debtors have also decreased by 74%, which could indicate difficulties in collecting payments. Despite these challenges, creditors have decreased by 11%, suggesting improved debt management. The company’s small size—meeting two of three criteria for being considered small—helps it remain agile, but the sharp decline in equity is a cause for concern. As a small company, it is exempt from an audit.

In conclusion, Shopping Bags Direct Ltd appears to be facing financial headwinds, despite its extensive product range and online presence. The company's reliance on imports and its negative equity raise questions about its long-term sustainability, but its ability to adapt and offer customized solutions could prove crucial in navigating these challenges.

Registered in England/Wales under the registration number 04252855, with a registered address at N13 4BS, London, 483 Green Lanes.

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