IT LUGGAGE LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -0.4%

  USD 109,618,378 → USD 109,192,963

• Cash

  +5.2%

  USD 47,302,543 → USD 49,759,181

  highest in 3 filed years

• Net assets

  +1.1%

  USD 34,269,785 → USD 34,654,661

  highest in 3 filed years

• Employees

  +34.7%

  225 → 303

  highest in 4 filed years

• Operating profit

  -1.2%

  USD 4,633,219 → USD 4,578,139

• Profit before tax

  +3.1%

  USD 6,812,684 → USD 7,021,811

• Wages

  +1.2%

  USD 21,665,363 → USD 21,932,801

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. IT LUGGAGE LIMITED 2012-01-17 → present
2. LANDOR & HAWA INTERNATIONAL LIMITED 1997-04-30 → 2012-01-17
3. LANDOR INTERNATIONAL LIMITED 1994-01-11 → 1997-04-30
4. LANDOR LIMITED 1985-12-03 → 1994-01-11

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

M. Tatar & Associates

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. IT LUGGAGE LIMITED · parent
   1. IT Luggage DE GmbH 100% · GERMANY
   2. IT Luggage USA, Ltd 100% · USA
   3. IT Luggage HK Ltd 100% · HONG KONG
   4. IT Luggage AUS PTY Ltd 100% · AUSTRALIA
   5. IT Luggage (Thailand) Ltd 88% · THAILAND

Significant events

• “During the year turnover was largely aligned to the previous period as global demand has stabilised following the uncertainty experienced from the pandemic in previous periods. Sales channels continue to be diversified and market reach continues to expand, with some jurisdictions outperforming others. Freight costs continue to put pressure on profit margins but management's tight financial controls on overheads has resulted in strong profitability once again.”
• “Travel may be at risk during times of political and economic uncertainty. The affected regions may experience reduced travel, which may reduce demand for luggage and travel goods. Given the group's worldwide operations, this uncertainty may affect the performance of certain entity markets within the group. Global uncertainty arose during the covid-19 pandemic, particularly in FY21 and FY22, and whilst that was alleviated by FY23, other geopolitical factors arising in the period could cause further macro economic uncertainty.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.