Vagabond Bags Limited

Vagabond Bags Ltd from Greenford UK: a small company with an active status, has been operating for an impressive 67 years, founded way back in 1957. Employing 21 people, the company holds £883,434 in assets, though it operates from a virtual address – a bit unusual as 378 companies are registered at the same location. Led by three directors and owned by a solo founder, Michelson Simon Shammah, Vagabond Bags boasts a stellar 5.0 Google rating based on four reviews. The company regularly imports rubber and rubber products (4 months imported) and exports leather goods, travel bags, and animal harnesses (4 months exported).

Vagabond Bags specializes in the manufacture of luggage, handbags, saddlery, and harness, alongside the wholesale of household goods. They also produce bespoke products for retailers and designers, both large and small. The company’s website highlights its UK textile manufacturing heritage, dating back to 2024, and even includes a division dedicated to high-end piano restoration – a surprising diversification! The website is very well laid out and easy to navigate, with a clear focus on product categories and contact information.

Financially, Vagabond Bags shows some interesting trends. Property plant and equipment saw a slight increase, with Plant Machinery growing by 6.1%, while Furniture Fittings remained stable. However, the company’s net assets declined by 2.1% to £740,000. Cash reserves also dipped by 0.81% to £660,000. Creditors increased by 21%, suggesting a need to manage debt effectively. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in equity warrants attention. The unaudited financial statements, exempt from a full audit, rely on director-reported data. It’s a bit odd that the company is so small with such a long history.

Registered in England/Wales under the registration number 00593052, with a registered address at UB6 0FX, United Kingdom, Greenford, Middlesex, 325-327 Oldfield Lane North.

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