Mac 1 Linens Limited

Mac 1 Linens Limited, based in Accrington, UK, is a small, active company founded 19 years ago in 2006. With just one employee and £34,699 in assets, it’s a lean operation run by a single director and owner, Obrian Moire. The company holds a perfect 5.0 Google rating based on one review, reflecting positive customer experiences. It operates in the wholesale of textiles industries and is an irregular importer, primarily bringing in various textile products, sets, used clothing, and rags, with its last import activity recorded in January 2024.

The company’s website, while basic, highlights a focus on linen and textile supplies. It’s unclear if Mac 1 Linens Limited operates an e-commerce site, but the focus appears to be on wholesale distribution rather than direct retail. The business is likely catering to other retailers or businesses within the textile sector.

Financially, Mac 1 Linens Limited presents a mixed picture. Cash bank on hand has plummeted by a staggering 92%, dropping to just £4,000. Current assets have also decreased by 31%, settling at £35,000. However, creditors have significantly reduced by 60%, indicating improved debt management. The company’s equity has doubled to £18,000, a positive sign, though it's worth noting that bank borrowings have increased substantially. Debtors have also risen dramatically, increasing by 1900%, reaching £30,000, which could indicate a period of rapid sales growth or potentially issues with customer payments. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it's exempt from an audit, so the figures are unaudited.

In conclusion, Mac 1 Linens Limited is navigating a period of financial change. While the reduction in creditors is encouraging, the sharp decline in cash reserves and the rise in debtors suggest a need for careful financial management. The company's small size and focus on wholesale textiles offer agility, but its long-term success will depend on maintaining positive cash flow and managing its debts effectively.

Registered in England/Wales under the registration number 05679361, with a registered address at BB5 1LP, England, Accrington, Mayes Business Partnership, 22 - 28 Willow Street.

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