Mediterranean Linens Limited
- Small
- Holding
- Active
- 16 years
- 6 employees
- £1,780,914 (assets)
- Real address
- 1 director
- 1 owner
- Regular importer
- Regular exporter
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Mediterranean Linens Limited, based in Burnley, UK, is a small holding company with an active status. Established sixteen years ago in 2008, it employs six people and holds £1,780,914 in assets. The company operates from a real address and is overseen by one director and one owner. It's a regular importer and exporter, dealing primarily in textile products, sets, used clothing, and rags—with 88 months of import activity and 9 months of export activity recorded.
The company's website showcases a range of high-quality Egyptian cotton bed linen, including duvet cover sets, pillows, towels, and bathrobes. It operates an e-commerce platform, selling directly to consumers and emphasizing luxury, comfort, and British craftsmanship. The site also features a blog with content focused on bed linen care and choosing the perfect materials. It seems they are trying to position themselves as a premium brand, with a focus on hotel-quality products.
Financially, Mediterranean Linens Limited is showing some concerning trends. Current assets have decreased by 14% to £1,800,000, while net assets have fallen by 30% to -£440,000. Bank borrowings have increased by 10% to £150,000, and cash reserves have plummeted 92% to just £130. Creditors have also increased significantly, rising 13% to £1,500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s not required to have an audit, so the figures are unaudited. Prepayments have increased dramatically, by 1100%, which could indicate a large, upfront investment.
While the company's website suggests a focus on premium products and customer service, the financial data paints a picture of a business struggling to maintain profitability. The sharp decline in equity and the reliance on bank borrowings raise questions about its long-term viability. It’s possible that increased costs or slowing sales are contributing to these challenges, but further investigation would be needed to confirm this.
Registered in England/Wales under the registration number 06664351, with a registered address at BB11 5UB, United Kingdom, Burnley, Enterprise House, Billington Road Industrial Estate.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- 7 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 16 years
- 2
-
Resident of Egypt
Last reports
The latest confirmation statement submitted ten months ago.
Last news
-
Total exemption full accounts made up to 2024-03-31Download 13 pages pdf report
-
Confirmation statement made on 2024-08-01 with no updatesDownload 3 pages pdf report
-
Registration of charge 066643510005, created on 2024-05-29Download 14 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Mediterranean Linens Limited
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