Tuxedo Express Limited

Tuxedo Express Ltd, based in London, UK, is a small, family-run business with an active status. Established 23 years ago in 2001, the company employs 32 people and holds £326,623 in assets. It operates from a real address and is overseen by four directors and two owners. Boasting a perfect 5.0 Google rating from a single review, the business is an irregular importer of electrical machinery and equipment, with the last import occurring over seven years ago.

The company’s website highlights its role as a laundry and dry cleaning service, first established in London’s West End in 1982. It caters to high-end clients like hotels, members clubs, and restaurants, offering express dry cleaning services seven days a week. The website emphasizes expert textile care, experience dealing with luxury garments, and continuous investment in technology and modern cleaning methods. It positions itself as a provider of “luxury dry cleaners and launderers.”

Financially, Tuxedo Express Ltd’s report reveals some concerning trends. Property, plant, and equipment depreciated significantly, with a 97% drop in leased plant machinery and a 57% decrease in leased assets. Cash reserves plummeted 76% to £10,000, while bank borrowings increased by 2.6% to £15,000. Creditors also rose by 4.6% to £1 million, suggesting a growing reliance on external funding. Despite these challenges, net assets only decreased slightly, by 7.7% to £-580,000. The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the decline in equity is a cause for concern. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Tuxedo Express Ltd appears to be navigating a challenging financial landscape. While its reputation for quality service remains strong, the company will need to address its declining cash reserves and growing debt to ensure its long-term viability.

Registered in England/Wales under the registration number 04236432, with a registered address at SW8 4DE, United Kingdom, London, 64-68 Stewart's Road.

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