Oxwash Ltd

Oxwash Ltd, based in Swindon, UK, is a holding company with an active status, having been incorporated seven years ago in December 2017. The company employs 79 people and holds assets worth £3,718,981. It has four directors, one owner (Grant-talbot Kyle), and boasts a stellar 5.0 Google rating from 323 reviews. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation occurring in November 2024.

Oxwash operates in the business and domestic software development, as well as the washing and (dry-)cleaning of textile and fur products industries. It’s a B Corp and carbonneutral laundry and garment cleaning service, striving to be the world’s first truly sustainable commercial laundry service. The company offers services to the hospitality and healthcare sectors, streamlining operations and reducing Scope 3 emissions. Its website highlights a focus on high-quality cleaning, bespoke solutions, and a commitment to sustainability. It even has its own digital laundry management platform.

Financially, Oxwash shows some concerning trends. While turnover remains undisclosed, net assets have dropped significantly by 31%, reaching £1.2 million. Cash reserves have plummeted 67%, falling to £1.7 million. Bank borrowings have surged by a staggering 2,400%, reaching £460,000—a clear indication of increased debt. On a more positive note, creditors decreased by 18%, suggesting better debt management. Staff costs have risen by 46%, reflecting the company’s workforce of 79. The company’s accounts are unaudited, and no auditor is mentioned.

The company’s rapid growth and focus on sustainability are admirable, but the increased debt and declining cash reserves raise questions about its long-term financial health. The surge in bank borrowings suggests the company may be funding its expansion through debt, which could be risky if revenue doesn’t keep pace.

Registered in England/Wales under the registration number 11099853, with a registered address at SN3 4TQ, United Kingdom, Swindon, Swindon, B1 Stirling Court Stirling Road, South Marston Industrial Estate.

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