Limavady Linen Services Ltd

Limavady Linen Services Ltd, based in Limavady, Northern Ireland, is a small, active family business founded 19 years ago. With 26 employees and £1,123,244 in assets, it operates from a real address and is overseen by four directors and two owners. The company has a solid 4.0 Google rating based on six reviews and regularly imports machinery, boilers, and mechanical appliances parts, with the last import occurring in May 2024.

The business specializes in the washing and dry-cleaning of textile and fur products, catering to commercial clients. While no website is listed, this suggests a primarily business-to-business model, relying on direct sales and local relationships.

Financially, Limavady Linen Services Ltd shows a mixed picture. Current assets increased by a significant 60%, reaching £1,100,000, while net assets also rose by 54% to £1,200,000. Cash reserves increased by 130% to £620,000, indicating improved liquidity. However, bank borrowings surged by 7700%, reaching £65,000, and accrued liabilities deferred income increased by 1900%, reaching £80,000—a considerable jump. Creditors also rose by 89%, reaching £340,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

The sharp increase in bank borrowings and accrued liabilities could be related to investments in new equipment or expansion of services. It’s also possible that the company is experiencing some short-term cash flow challenges, though the increase in assets suggests a growing business. The directors are likely working to manage these financial pressures while maintaining the company’s reputation for quality service.

Registered in Northern Ireland under the registration number NI055402, with a registered address at BT49 0HE, Limavady, Londonderry, Unit 44 Aghanloo Ind Estate.

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