White Rose Laundries Limited

White Rose Laundries Limited, a small, family-run business based in London, UK, has been operating for 38 years. Founded in 1987, the company employs just three people and holds £1,245,000 in assets. With a real address and two directors and owners, it maintains a respectable 4.0 Google rating from 22 reviews. The company regularly imports iron or steel products, with the last import operation recorded three months ago.

The business specializes in the washing and (dry-)cleaning of textile and fur products, operating from 16 Hinde Street, W1U 2BB. It’s a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's website is currently unavailable, so it's difficult to assess its e-commerce presence.

Financially, White Rose Laundries Limited shows some concerning trends. Accumulated depreciation impairment property plant equipment increased by 14%, and amounts owed by related parties remained constant. Cash bank on hand saw a 23% increase to £37,000, but creditors decreased significantly by 89% to £44,000. Current assets also fell by 23% to £1,200,000, and trade debtors decreased by 24%. Equity also saw a slight decrease of 1.6%. Despite these shifts, the company’s net current assets liabilities remained relatively stable. The director signing the financial statements is Mr. E Osmani.

While the company is likely exempt from an audit due to its size, the financial data suggests a period of adjustment. The decrease in current assets and trade debtors could indicate slower sales or increased collection efforts. The substantial reduction in creditors, however, points to improved debt management. It's possible that the company is navigating a challenging economic climate, but its long-standing presence and family ownership suggest resilience.

Registered in England/Wales under the registration number 02132368, with a registered address at W1U 2BB, England, London, 16 Hinde Street.

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