Newforest Laundry & Linen Hire Ltd

Newforest Laundry & Linen Hire Ltd, based in Richmond, UK, is a small, active company founded six years ago. With 13 employees and £472,606 in assets, it operates in the washing and (dry-)cleaning of textile and fur products industries. The company has two directors and one owner, Desai Amita, and boasts a respectable Google rating of 4.0 based on three reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with the last import operation occurring in January 2024.

The company’s website is currently unavailable, making it difficult to ascertain the extent of its e-commerce presence or direct sales operations. It appears to focus on commercial laundry and linen hire services rather than direct consumer sales.

Financially, Newforest Laundry & Linen Hire Ltd presents a mixed picture. Cash reserves have increased significantly by 47% to £260,000, a positive sign of improved liquidity. However, net assets have surged by an impressive 2300%, reaching £94,000, largely due to a substantial increase in retained earnings. Bank borrowings have decreased slightly, while trade debtors have fallen by 13%, suggesting better debt collection. Creditors have also decreased, indicating improved management of short-term liabilities. The company's small size (meeting two of three conditions for being classified as small) allows for flexibility, but the substantial increase in equity raises questions about potential investments or revaluations. The accounts are unaudited, as is common for small companies, and no auditor is listed.

Overall, Newforest Laundry & Linen Hire Ltd appears to be financially stable, with growing assets and improved cash flow. However, the lack of a website and the unaudited nature of the accounts limit the ability to fully assess its long-term prospects.

Registered in England/Wales under the registration number 11636765, with a registered address at TW9 2JN, England, Richmond, Vision House, 3a Dee Road.

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