Tlg Linen Services Ltd

TLG Linen Services Ltd, based in Wythenshawe, UK, is a small, active family business founded 18 years ago. With 72 employees and £1,902,539 in assets, it’s a significant local employer. The company, which has three directors and two owners, operates from a real address and maintains a Google rating of 4.0 based on 15 reviews. It’s an irregular importer, with its top import category being Electrical machinery and equipment, totaling 2 months of imports, the last operation conducted on January 01, 2024.

The company specializes in the washing and (dry-)cleaning of textile and fur products, catering to a range of clients. While no website was found, its business model suggests a focus on providing essential services to local businesses and individuals.

Financially, TLG Linen Services Ltd shows some concerning trends. Cash reserves increased by a substantial 130% to £300,000, which is good news, but bank borrowings have also increased, with a 11% decrease to £62,000. Creditors have risen by 19% to £770,000, and trade debtors have increased significantly by 91% to £1,000,000. While net assets have increased by a remarkable 230% to £1,200,000, the increase in debt and debtors could indicate challenges in managing cash flow. The company meets the criteria for a small business, with a turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, TLG Linen Services Ltd appears to be facing some financial pressures, despite a strong asset base and a positive Google rating. The increase in debt and debtors could be a result of expanding operations or facing increased competition, but it warrants careful monitoring.

Registered in England/Wales under the registration number 06137555, with a registered address at M22 4RW, Wythenshawe, Manchester, 4 Shentonfield Road, Sharston Indistrial Estate.

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