United Bags Limited

United Bags Limited, based in London UK, is a small, active company founded ten years ago in 10 March 2015. With just three employees and £75,401 in assets, it's a solo-founded operation managed by one director and owner, Yaqobi Hamed. The business holds a Google rating of 3.0 based on seven reviews and regularly imports leather goods, travel bags, and animal harnesses—a total of 40 months of import activity, the last being February 1, 2025. The company operates in the retail sale of leather goods and other new goods, with a website that is not available.

The company's website, although not available, suggests a focus on retail sales. It's likely an e-commerce operation, selling bags and accessories directly to consumers, but without a live site, it’s impossible to confirm.

Financially, United Bags Limited presents a mixed picture. Cash bank on hand has plummeted 93%, dropping to just £340. Creditors have increased by 22%, reaching £25,000, while trade debtors remain steady at £13,000. A significant drop in average employees during the period—from three to zero—is concerning, although it could reflect seasonal fluctuations or a temporary staffing change. On a positive note, current assets have increased by 11% to £75,000, and equity has grown by 6.2% to £50,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves warrants attention. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

Overall, United Bags Limited seems to be holding its own, but the decrease in cash flow is something to keep an eye on. The company’s reliance on regular imports and its niche retail focus could be both strengths and vulnerabilities in a competitive market.

Registered in England/Wales under the registration number 09479248, with a registered address at E2 7QL, United Kingdom, London, 200 Hackney Road.

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