These things look cool but, as someone that's been gifted many leather thing holders, they take up so much extra space. The fabric bag with the elastic strap someone else commented about is perfect, you can jam it full of shit and it takes up the same space.
it essentially have "a strap on a strap" (and a pouch behind it), which means tools can be interleaved in position, leaving far smaller gap between the tools while still giving each one its own mounting.