Linen Zone Ltd

Linen Zone Ltd, a small, active company based in Manchester, UK, has been operating for nine years. Founded on August 14, 2015, the firm employs three people and holds assets valued at £1,066,224. Despite its real address and single director/owner, accounts and confirmation statements are overdue for a year. Linen Zone Ltd regularly imports various textile products, sets, used clothing, and rags, with the last import operation recorded in December 2020. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is not available, making it difficult to determine the specifics of their online presence. It’s unclear if they have a dedicated e-commerce site or primarily rely on wholesale channels.

Financially, Linen Zone Ltd presents a mixed picture. While current assets remain steady at £1,100,000, net assets have declined by 2.1% to £52,000. Bank borrowings decreased by 17%, to £160,000, and cash reserves have fallen by 32% to £120,000. Creditors have also decreased by 17%, suggesting better debt management. 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 stay agile, but the drop in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The decrease in cash reserves and the drop in equity could indicate the company is burning through money, perhaps due to increased operating costs or slower sales. However, the decrease in creditors suggests they are managing their short-term debts effectively. The lack of employee growth, despite the ongoing import activity, could mean the company is relying heavily on automation or outsourcing.

Registered in England/Wales under the registration number 09733685, with a registered address at M8 8LE, England, Manchester, Unit 1 39 Sherborne Street.

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