Laundry Solutions Ltd

Laundry Solutions Company, based in Springfield, Missouri, is a small, active business established 1976. With 53 employees and £487,638 in assets, it's a family-run operation with two directors and owners. The company holds a stellar 5.0 Google rating from one review. It regularly imports furniture, lighting, and prefabricated buildings, with 8 months of import activity recorded.

Laundry Solutions Company specializes in commercial laundry equipment, acting as the sole authorized distributor for Speed Queen vended and on-premises equipment in several states. It operates from four offices, providing laundry design services, equipment, parts, and leasing options. The company's website showcases a wide range of products and services, catering to laundromats, multi-housing complexes, and on-premise laundry facilities.

Financially, Laundry Solutions Company’s recent report reveals a mixed picture. Current assets increased by 57% to £490,000, while bank borrowings surged by 2,400% to £29,000. Cash reserves grew by 53% to £190,000, but trade debtors increased by 62% to £280,000, which might indicate some difficulties collecting payments. Creditors also increased by 71% to £300,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt warrants attention. The accounts are unaudited, as is typical for small companies.

The company’s growth in assets and cash suggests ongoing business activity, but the rising debt levels could be a cause for concern. It’s possible that the company is investing in expansion or equipment upgrades, but careful management of its finances will be crucial for its long-term success.

Registered in Scotland under the registration number SC377311, with a registered address at G51 2SN, Glasgow, 24 Fairley Street, Ibrox.

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