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Bagworld Bespoke Bags Ltd

10618807

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

5 WINDSOR HOUSE, REDDITCH, B97 6DJ
Incorporated 14/02/2017

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 13/02/2026

Due 27/02/2027

On track

Industry

15120
Manufacture of luggage, handbags and the like, saddlery and harness

Officers

Mr Colin Surman

director · Since 14/02/2017

DIRECTOR

BRITISH · ENGLAND

Persons with Significant Control

Mr Colin Surman

75–100% shares
75–100% votes

British · England

Notified 14/02/2017

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 18/06/2018Registered 18/06/2018
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 04/05/2017Registered 08/05/2017Satisfied 19/05/2021

CompanyRankvs 433+ SIC 15120 peers
32

Financial strength3th percentile among SIC peers · 1/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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433Bagworld Bespoke Bags Ltd
41
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity10/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 28/02/2026

Net Worth

-£141k

Balance sheet strength

Cash

£22

Cash in the bank

Net Current Assets

-£148k

Working capital

Current Assets

£69k

Current Liabilities

£218k

Fixed Assets

£7k

Debtors

£59k

9avg. employees-2

Balance Sheet

Assets less current liabilities-£141k
Signed by Mr C Surman 10 September 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20260.32-£36k
20250.31-£30k
20240.48-£2k
20230.51—

Derived from filed accounts. Not audited figures.