Cleansafe Ltd

Cleansafe Ltd from Oldham UK: a small, active company founded 16 years ago, employs seven people, and holds £572,812 in assets. It’s a family business with three directors and two owners, operating from a virtual address shared by many other companies – a bit of a red flag there. They’re regular importers of textile products, sets, used clothing, and rags, bringing in goods for the last 37 months, and irregular exporters, with just one month of export activity recorded back in 2021.

The company’s website showcases a wide range of cleaning supplies and PPE, from cloths and rags to car seat covers and floor mats. It’s clearly geared toward both commercial and industrial customers, with a focus on competitive pricing and direct discounts. They even offer a blog with tips and advice, which is a nice touch. It seems they’re primarily an importer and distributor, bringing in goods and selling them online.

Looking at the financials, there’s a mixed picture. Current assets have decreased by 7.2% to £570,000, and trade debtors are down by 9.8% to £290,000. However, creditors have increased by 13%, and bank borrowings are up 2,400% - a significant jump. Cash reserves have also fallen by 21%, to £140,000. The company’s small size – meeting two of three conditions for a small company – helps it stay nimble, but the increase in borrowing suggests they might be stretching their resources. Equity has increased by 12%, which is a good sign. As a small company, they’re exempt from an audit, so the figures are unaudited.

It appears Cleansafe Ltd is a well-established importer, but the financial data suggests they're facing some challenges. Perhaps the increase in borrowing is to support growth, or maybe they’re dealing with rising costs. Either way, it’s a company to watch – and hopefully, they can continue to thrive in a competitive market.

Registered in England/Wales under the registration number 06768025, with a registered address at OL1 1TE, England, Oldham, Lancashire, C/O Seftons, 135 - 143 Union Street.

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