Linen Chamber Ltd

Linen Chamber Ltd is a small, active company registered in London, UK. Founded two years ago in February 2023, it employs just two people and holds £189,970 in assets. The company operates from a virtual address – a common situation as 90937 other companies share the same location – and is led by two directors and owners, Shah Dhruvi Pankaj and Shah Meerav Pankaj. It’s a family business, and its primary activity involves importing various textile products, sets, used clothing, and rags, although import activity has been irregular, with the last shipment arriving in August 2024. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, Linenhall Chambers, is not about textiles, however. It’s a directory for barristers, offering public access to legal representation. The site highlights expertise in criminal, civil, and family law, showcasing a team of over 70 barristers, including nine Kings Counsel, serving clients across Wales, Cheshire, and beyond. It even has a section on “Public Access,” which aims to reduce legal costs for clients. The site is well-designed and professional, emphasizing the firm’s reputation and the quality of its legal services.

Financially, Linen Chamber Ltd presents a mixed picture. While current assets remain steady at £190,000, equity has been in the negative for the last two years, sitting at -£15,000. Bank borrowings are also a concern, with creditors totaling £200,000. Cash reserves are stable at £170,000, but the negative equity suggests the company is burning through cash faster than it’s generating revenue. The company’s small size—meeting two of three criteria for a small business—allows for agility, but the negative equity is a red flag. The financial statements are unaudited, and the company is exempt from an audit, relying on director-reported data. It seems like the business is holding on, but could use some more income.

Registered in England/Wales under the registration number 14688130, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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