The Dress Bags Company Ltd

The Dress Bags Company Ltd from Leicester UK: a small, active company founded just one year ago, holds £1,660 in assets, and operates from a real address. It’s a lean operation with one director and one 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.

The Dress Bags Company Ltd primarily operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries. While a website isn't currently available, this suggests a business model focused on supplying goods through established channels rather than direct-to-consumer sales. It’s likely they are a supplier to other retailers or wholesalers.

Financially, The Dress Bags Company Ltd presents a picture of a very early-stage business. Current assets are reported at £1,700, with a bank balance of £1,400. Creditors are £1,000, and debtors are £290. Equity sits at £530. The company’s net assets are £630. The accounts are abridged, unaudited, and prepared under FRS 102 Section 1A for small entities. It seems like they are managing their debts, as creditors decreased slightly. However, the low asset base and minimal equity suggest a business still reliant on external funding or operating on very tight margins. The director, L V ODEDRA, is responsible for the accounts, and KS3 Accountancy is listed as the accountant.

It’s worth noting that the owner and director list was changed three months ago, which could indicate a recent restructuring or change in management. This could be a positive sign, suggesting a renewed focus on growth, or it could reflect challenges within the business.

Registered in England/Wales under the registration number 14968424, with a registered address at LE5 6LQ, England, Leicester, 13 Fallowfield Road.

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