The Bag Shop Ltd
- Small
- Active
- 6 years
- 3 employees
- £39,258 (assets)
- Real address
- 2 directors
- 1 owner
- Irregular importer
- E-commerce
- Rating 5.0 (12)
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
The owners list was changed 3 months ago, a good sign to sell them something.
Field of Operation
Website
Phones
Summary
The Bag Shop Ltd, based in Southend-On-Sea, UK, is a small, active company founded six years ago in 2019. With three employees and £39,258 in assets, it operates as a real address and is led by two directors and one owner. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from twelve reviews. It’s an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with its last import operation recorded one month ago in July 2022.
The Bag Shop Ltd’s website focuses on the retail sale of leather goods in specialised stores. It appears to be a straightforward e-commerce operation, offering a selection of bags and accessories. While no detailed information about the website's design or specific product offerings is available, the Google rating suggests a positive customer experience.
Financially, The Bag Shop Ltd presents a mixed picture. Current assets have declined significantly, dropping by 47% to £39,000. Equity has taken a substantial hit, plummeting 110% to -£1,200—a worrying trend. Bank borrowings decreased by 6.5% to £39,000, and cash reserves fell 19% to £1,300. Creditors also decreased by 6.5% to £39,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the substantial equity decline warrants attention. The company is exempt from an audit, and the financial statements are unaudited.
Overall, The Bag Shop Ltd seems to be facing some financial challenges, with declining assets and a negative equity position. However, its strong Google rating and e-commerce focus suggest potential for recovery—though careful management will be needed to navigate these pressures.
Registered in England/Wales under the registration number 11883501, with a registered address at SS1 1JE, England, Southend-On-Sea, Princess Caroline House, High Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 3 months
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 10 months
-
Resident of United Kingdom
-
Individual
- 1 year
- 13
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted two months ago.
Last news
-
Termination of appointment of Binyomin Binet as a director on 2025-04-01Download 1 page pdf report
-
Confirmation statement made on 2025-03-13 with updatesDownload 4 pages pdf report
-
Notification of David Cohen as a person with significant control on 2025-04-01Download 2 pages pdf report
Importer profile by HS codes
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Last imported products
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FAQ about The Bag Shop Ltd
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