Ital Laundry Limited

Ital Laundry Ltd from London UK: a small, active company founded 18 years ago, employs 22 people, and holds £242,138 in assets. With two directors and one owner, it maintains a real address and a Google rating of 3.0 based on 12 reviews. The company is an irregular importer, primarily dealing with iron or steel products, with the last import occurring one month ago in December 2024.

The company operates as a launderette, offering services to both businesses and private customers. Its website showcases a range of offerings, including laundry services, linen hire, and dry cleaning. It caters to restaurants, hotels, and kitchen wear businesses, providing linen hire and laundry services. It even has a section for bed linen laundry, targeting the lodging industry. The website also promotes a separate venture, 1066 Pianos, which specializes in high-end piano restoration, demonstrating a diverse range of business activities.

Financially, Ital Laundry Ltd presents a mixed picture. While cash reserves increased by a healthy 94% to £120,000, other areas show concern. Net assets grew by 24% to £160,000, but accumulated depreciation increased by 110% to £190. Bank borrowings decreased by 13% to £35,000, but corporation tax payable rose significantly by 190% to £16,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in tax liabilities and depreciation suggests a need for careful financial management. The accounts are unaudited, a common practice for small companies, and no auditor is mentioned. Overall, Ital Laundry Ltd seems to be holding its own, but needs to keep a close eye on its expenses to ensure long-term sustainability.

Registered in England/Wales under the registration number 06057161, with a registered address at N15 4QA, England, London, 61 Markfield Road.

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