Linen & Cotton Limited

Linen & Cotton Limited is a small, active company based in Spalding, UK, founded twelve years ago in 1993. With £519,872 in assets and a real registered address at 14 Hereward Road, it’s a family-run operation with one director and two owners. The company operates in the wholesale of textiles and retail via mail order and internet, and is an irregular importer, primarily dealing in various textile products, used clothing, and rags, with its last import activity recorded one month ago in January 2022.

The company's website, Linen & Cotton, highlights a focus on textiles and related products, although it’s unclear if the site is actively used for e-commerce. The site’s description emphasizes British craftsmanship and family ownership, aligning with the company’s reported structure.

Financially, Linen & Cotton Limited shows some concerning trends. Current assets have fallen by 27%, dropping to £520,000, while net assets have also declined by 14%, settling at £520,000. Bank cash has increased by 45% to £71,000, a positive sign, but creditors have completely vanished, suggesting a significant shift in payment terms. Trade debtors have increased to £11,000, which could indicate difficulties in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity raises questions about its long-term stability. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Linen & Cotton Limited appears to be navigating a period of change. While cash reserves have improved, the decline in assets and equity suggests it's facing financial pressures. Whether it can maintain its position in the textile market remains to be seen.

Registered in England/Wales under the registration number 08455941, with a registered address at PE11 1HF, Spalding, Lincolnshire, 14 Hereward Road.

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