Faversham Laundry Limited

Faversham Laundry Ltd, based in Faversham, UK, is a long-standing small company with an active status, celebrating 127 years since its founding in 1897. Employing 94 people, the company holds £1,344,775 in assets and operates from a real address, overseen by four directors and a single owner, who is also the solo founder. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last four months.

Faversham Linen Services is a commercial laundry and workwear hire business, providing services to healthcare, hospitality, and other sectors. Its website highlights a focus on quality, reliable deliveries, and a dedicated workforce—many with over 20 years of service. The company offers a range of services, including linen hire, workwear hire, embroidery, food industry washroom services, and even short-term rental options. It also has a retail side, selling table linen.

Financially, Faversham Laundry Ltd shows a mixed picture. Current assets increased by 9%, reaching £1,300,000, while net assets decreased by 6%, settling at £3,000,000. Bank borrowings decreased by 5%, reaching £460,000, and cash reserves increased by 25%, reaching £360,000. Trade creditors decreased by 11%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The company's director signing financial statements are Mr R S Cope, Ms E E Knox, Mr N G Turner. The accounts are unaudited, likely due to the company's small size.

Overall, Faversham Laundry Ltd seems to be holding its own, with a strong reputation and a long history. However, the decrease in net assets warrants further investigation—perhaps reflecting investments in new equipment or operational changes.

Registered in England/Wales under the registration number 00054426, with a registered address at ME13 8XN, England, Faversham, Kent, 29 Ashford Road.

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