Elite Linen Textile Services Ltd

Elite Linen Textile Services Ltd, based in London, UK, is a small, active company founded six years ago. With 17 employees and £1,543,634 in assets, it operates from a virtual address and is managed by one director and owner. Its Google rating stands at 3.0 based on 17 reviews, and it regularly imports electrical machinery and equipment – most recently in June 2024.

The company specializes in providing hotel linen hire and laundry services, catering to establishments ranging from quaint bed and breakfasts to luxury five-star hotels. Elite Linen operates offices in both Manchester and Leeds, and its website highlights its commitment to providing comfort, relaxation, and luxury as standard. It even boasts clients like Best Western, Holiday Inn, and Disney. The website also mentions a COVID-19 message, showing adaptability to changing circumstances.

Financially, Elite Linen’s performance presents a mixed picture. While current assets increased by 16% to £1.5 million, net assets grew by a more substantial 27% to £1.6 million. However, bank borrowings decreased by 72%, and cash reserves increased by 170% to £210,000. Creditors decreased slightly, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant increase in property, plant, and equipment—particularly motor vehicles and plant machinery—raises questions about investment and potential debt. The lack of a named auditor, typical for a small company, means these figures are unaudited.

Overall, Elite Linen appears to be financially stable, with growing assets and cash reserves. However, the increased investment in equipment could indicate a period of expansion or a need to modernize its operations. It’s a business that seems to be holding its own in a competitive market, providing essential services to the hospitality industry.

Registered in England/Wales under the registration number 11476460, with a registered address at E2 8DN, United Kingdom, London, 14 Cotton's Gardens.

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