Pomanda estimates the enterprise value of CLEAN LINEN SERVICES LIMITED at £51.5m based on a Turnover of £75.7m and 0.68x industry multiple (adjusted for size and gross margin).
clean linen services limitedEstimated Valuation
£39.8m
Pomanda estimates the enterprise value of CLEAN LINEN SERVICES LIMITED at £39.8m based on an EBITDA of £10.2m and a 3.89x industry multiple (adjusted for size and gross margin).
clean linen services limitedEstimated Valuation
£118.3m
Pomanda estimates the enterprise value of CLEAN LINEN SERVICES LIMITED at £118.3m based on Net Assets of £50.7m and 2.33x industry multiple (adjusted for liquidity).
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Clean Linen Services LimitedOverview
Clean Linen Services Limited is a live company located in camberley, GU15 3DB with a Companies House number of 00087908. It operates in the washing and (dry-)cleaning of textile and fur products sector, SIC Code 96010. Founded in March 1906, it's largest shareholder is
clean viking acquisition co limited
with a 100% stake. Clean Linen Services Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£75.7m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Clean Linen Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
4 Regular
3 Weak
Size
annual sales of £75.7m, make it larger than the average company (£2.9m)
£75.7m - Clean Linen Services Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (9.6%)
32% - Clean Linen Services Limited
9.6% - Industry AVG
Production
with a gross margin of 3.2%, this company has a higher cost of product (39.9%)
3.2% - Clean Linen Services Limited
39.9% - Industry AVG
Profitability
an operating margin of 8.4% make it as profitable than the average company (8%)
8.4% - Clean Linen Services Limited
8% - Industry AVG
Employees
with 1233 employees, this is above the industry average (75)
1233 - Clean Linen Services Limited
75 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£29.4k)
£34k - Clean Linen Services Limited
£29.4k - Industry AVG
Efficiency
resulting in sales per employee of £61.4k, this is equally as efficient (£67.8k)
£61.4k - Clean Linen Services Limited
£67.8k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (51 days)
50 days - Clean Linen Services Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (32 days)
13 days - Clean Linen Services Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is more than average (15 days)
29 days - Clean Linen Services Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 75 weeks, this is more cash available to meet short term requirements (15 weeks)
75 weeks - Clean Linen Services Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.6%, this is a lower level of debt than the average (45.2%)
19.6% - Clean Linen Services Limited
45.2% - Industry AVG
CLEAN LINEN SERVICES LIMITED financials
EXPORT
Clean Linen Services Limited's latest turnover from December 2023 is £75.7 million and the company has net assets of £50.7 million. According to their latest financial statements, Clean Linen Services Limited has 1,233 employees and maintains cash reserves of £17.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
75,741,641
61,739,967
33,502,193
33,019,125
67,246,040
55,870,748
73,061,566
68,314,121
29,870,220
28,953,936
27,527,426
26,691,750
24,651,219
21,972,155
22,768,134
Other Income Or Grants
Cost Of Sales
73,299,303
62,430,615
43,635,979
47,559,699
63,833,245
53,553,714
63,078,498
58,951,581
25,614,895
24,757,913
17,955,904
18,213,414
16,194,814
11,856,675
12,005,004
Gross Profit
2,442,338
-690,648
-10,133,786
-14,540,574
3,412,795
2,317,034
9,983,068
9,362,540
4,255,325
4,196,023
9,571,522
8,478,336
8,456,405
10,115,480
10,763,130
Admin Expenses
-3,922,116
13,994,429
7,442,766
9,941,564
10,992,659
7,172,192
9,675,094
10,125,936
3,700,356
1,733,144
7,475,571
7,443,059
6,932,128
9,590,574
9,604,040
Operating Profit
6,364,454
-14,685,077
-17,576,552
-24,482,138
-7,579,864
-4,855,158
307,974
-763,396
554,969
2,462,879
2,095,951
1,035,277
1,524,277
524,906
1,159,090
Interest Payable
8,534
3,400
22,992
2,995
2,408
35,304
266,185
165,526
278,216
935,347
1,079,184
494,862
441,954
290,848
Interest Receivable
1
1,491
8
5,198
284,000
296,000
165
4
Pre-Tax Profit
6,417,708
-14,688,477
-17,599,543
-24,483,642
-7,579,366
-4,888,502
332,183
-1,029,581
389,443
2,184,663
1,444,604
248,483
1,292,230
46,952
3,384,967
Tax
-497,857
20,000
-148,475
730,933
555,740
520,097
-376,840
-523,053
-346,178
-144,485
-275,507
312,977
Profit After Tax
5,919,851
-14,688,477
-17,599,543
-24,463,642
-7,727,841
-4,157,569
887,923
-509,484
12,603
1,661,610
1,098,426
103,998
1,016,723
46,952
3,697,944
Dividends Paid
471,110
372,000
313,000
62,250
427
716,287
Retained Profit
5,919,851
-14,688,477
-17,599,543
-24,463,642
-7,727,841
-4,157,569
887,923
-509,484
12,603
1,190,500
726,426
-209,002
954,473
46,525
2,981,657
Employee Costs
41,891,052
34,569,905
24,949,966
38,015,851
35,453,481
26,669,385
33,342,729
30,569,799
12,768,737
12,180,574
12,110,071
12,068,803
10,916,323
9,688,741
10,452,900
Number Of Employees
1,233
1,056
821
1,165
1,258
1,367
1,391
1,352
556
532
540
573
498
486
520
EBITDA*
10,246,854
-10,873,894
-14,026,485
-21,367,488
-3,796,505
3,084,269
4,837,938
3,276,381
2,351,721
4,272,897
3,881,593
2,886,956
3,301,618
2,245,983
2,375,062
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
17,782,335
17,558,526
19,125,659
20,711,587
22,114,688
21,085,342
26,545,582
31,490,193
23,162,026
11,060,567
12,221,629
13,440,731
14,787,273
16,026,752
16,895,523
Intangible Assets
150,850
15,712
31,425
Investments & Other
1
10,001
10,001
10,001
10,001
10,001
10,002
10,002
10,002
10,002
10,002
10,002
10,002
10,002
10,002
Debtors (Due After 1 year)
Total Fixed Assets
17,782,336
17,568,527
19,135,660
20,721,588
22,124,689
21,095,343
26,706,434
31,500,195
23,172,028
11,070,569
12,231,631
13,450,733
14,797,275
16,052,466
16,936,950
Stock & work in progress
5,920,118
5,931,732
3,425,021
4,751,676
2,984,585
3,976,965
3,023,737
2,696,820
1,091,567
1,025,303
859,892
882,535
1,191,500
498,657
189,540
Trade Debtors
10,531,466
9,231,015
5,239,561
1,815,896
8,349,125
8,986,697
10,189,783
13,080,432
10,838,799
4,924,576
4,887,018
3,834,101
3,602,113
3,850,387
3,989,083
Group Debtors
101,388
6,842,329
25,620,058
1,620,006
1,377,915
1,422,097
1,635
Misc Debtors
11,670,012
13,296,564
8,176,233
8,212,005
11,938,877
11,480,356
12,339,065
11,821,856
11,435,991
5,015,476
4,510,139
3,739,824
3,899,944
3,475,036
3,684,151
Cash
17,188,462
2,202,690
1,707,045
5,348,528
2,692,860
4,080,861
1,633,151
66,610
4,463,915
2,503,215
1,103,300
6,522
4,667
3,651
11,983
misc current assets
total current assets
45,310,058
30,662,001
18,547,860
20,229,493
32,807,776
54,144,937
28,805,742
29,043,633
29,252,369
13,468,570
11,360,349
8,462,982
8,698,224
7,827,731
7,876,392
total assets
63,092,394
48,230,528
37,683,520
40,951,081
54,932,465
75,240,280
55,512,176
60,543,828
52,424,397
24,539,139
23,591,980
21,913,715
23,495,499
23,880,197
24,813,342
Bank overdraft
895,763
228,889
915,170
1,031,307
Bank loan
3,581,823
3,139,478
333,917
340,320
380,205
1,071,098
Trade Creditors
2,716,471
6,543,038
3,955,295
2,427,834
2,148,115
4,132,257
3,328,063
5,384,508
2,986,256
2,087,600
2,016,022
1,710,830
1,732,466
1,592,051
797,950
Group/Directors Accounts
4
51,141
800,195
4
41,026,207
54,699,582
31,599,774
35,120,037
27,206,637
675,681
114,888
135,421
287,938
499,135
39,579
other short term finances
2,170,844
2,479,313
2,275,564
1,944,142
2,266,249
2,306,524
hp & lease commitments
21,394
77,299
118,591
237,561
210,639
96,476
90,328
1,275,633
1,434,944
1,250,400
1,334,938
other current liabilities
9,134,314
8,812,452
6,248,156
5,223,826
9,710,064
6,576,616
5,956,390
5,501,301
6,471,817
3,285,395
2,807,325
1,976,877
2,811,407
2,711,745
2,366,154
total current liabilities
11,850,789
15,406,631
11,003,646
7,651,664
52,905,780
65,485,754
41,002,818
46,243,407
36,875,349
11,897,819
10,647,354
8,604,005
8,780,106
9,614,955
8,947,550
loans
2,107,313
3,489,137
1,547,280
1,865,736
1,588,453
1,968,658
hp & lease commitments
249,602
103,041
199,517
3,225,098
4,175,651
5,133,330
6,319,128
Accruals and Deferred Income
other liabilities
8,666
103,996
173,326
268,655
373,051
provisions
497,857
597,263
1,276,249
1,765,790
753,728
760,568
673,024
531,366
259,963
259,963
total long term liabilities
497,857
597,263
1,276,249
2,015,392
2,964,082
4,457,888
5,549,398
6,746,079
7,250,401
8,920,800
total liabilities
12,348,646
15,406,631
11,003,646
7,651,664
52,905,780
65,485,754
41,600,081
47,519,656
38,890,741
14,861,901
15,105,242
14,153,403
15,526,185
16,865,356
17,868,350
net assets
50,743,748
32,823,897
26,679,874
33,299,417
2,026,685
9,754,526
13,912,095
13,024,172
13,533,656
9,677,238
8,486,738
7,760,312
7,969,314
7,014,841
6,944,992
total shareholders funds
50,743,748
32,823,897
26,679,874
33,299,417
2,026,685
9,754,526
13,912,095
13,024,172
13,533,656
9,677,238
8,486,738
7,760,312
7,969,314
7,014,841
6,944,992
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
6,364,454
-14,685,077
-17,576,552
-24,482,138
-7,579,864
-4,855,158
307,974
-763,396
554,969
2,462,879
2,095,951
1,035,277
1,524,277
524,906
1,159,090
Depreciation
3,882,400
3,811,183
3,550,067
3,114,650
3,783,359
7,939,427
4,529,964
4,039,777
1,796,752
1,810,018
1,785,642
1,851,679
1,761,629
1,705,364
1,196,438
Amortisation
15,712
15,713
19,534
Tax
-497,857
20,000
-148,475
730,933
555,740
520,097
-376,840
-523,053
-346,178
-144,485
-275,507
312,977
Stock
-11,614
2,506,711
-1,326,655
1,767,091
-992,380
1,280,145
326,917
1,605,253
66,264
165,411
-22,643
-308,965
692,843
309,117
189,540
Debtors
-326,101
9,111,785
3,286,505
-17,001,042
-18,956,780
19,806,908
-2,131,349
2,583,316
13,756,835
542,895
1,823,232
71,868
176,634
-349,446
7,674,869
Creditors
-3,826,567
2,587,743
1,527,461
279,719
-1,984,142
-1,252,251
-2,056,445
2,398,252
898,656
71,578
305,192
-21,636
140,415
794,101
797,950
Accruals and Deferred Income
321,862
2,564,296
1,024,330
-4,486,238
3,133,448
1,075,315
455,089
-970,516
3,186,422
478,070
830,448
-834,530
99,662
345,591
2,366,154
Deferred Taxes & Provisions
497,857
-1,276,249
-678,986
-489,541
1,012,062
-6,840
87,544
141,658
271,403
259,963
Cash flow from operations
7,079,864
-17,340,351
-13,434,544
-10,320,056
17,153,486
-18,725,036
4,917,768
546,104
-6,751,078
3,584,346
2,958,010
2,265,060
2,668,114
3,426,004
-1,752,303
Investing Activities
capital expenditure
-4,106,209
-2,244,050
-1,964,139
-1,711,549
-4,812,705
2,465,424
263,797
-12,367,944
-13,898,211
-650,464
-564,115
-496,886
296,002
-836,594
-3,237,595
Change in Investments
-10,000
-1
10,002
cash flow from investments
-4,096,209
-2,244,050
-1,964,139
-1,711,549
-4,812,705
2,465,425
263,797
-12,367,944
-13,898,211
-650,464
-564,115
-496,886
296,002
-836,594
-3,247,597
Financing Activities
Bank loans
-3,581,823
442,345
2,805,561
-6,403
-39,885
-690,893
1,071,098
Group/Directors Accounts
-51,137
-749,054
800,191
-41,026,203
-13,673,375
19,579,545
-3,520,263
7,913,400
26,530,956
560,793
-20,533
-152,517
-211,197
459,556
39,579
Other Short Term Loans
-2,170,844
-308,469
203,749
331,422
-322,107
-40,275
2,306,524
Long term loans
-2,107,313
-1,381,824
1,941,857
-318,456
277,283
-380,205
1,968,658
Hire Purchase and Lease Commitments
-21,394
-55,905
-160,262
-118,970
-222,680
260,724
-90,328
-4,210,886
-1,109,864
-773,135
-1,270,336
7,654,066
other long term liabilities
-8,666
-95,330
-69,330
-95,329
-104,396
373,051
share issue
12,000,000
20,832,500
10,980,000
55,736,374
887,923
3,843,815
23,324
3,963,335
interest
-8,534
-3,400
-22,991
-1,504
-2,408
-35,296
5,198
-266,185
-165,526
-278,216
-651,347
-783,184
-494,697
-441,954
-290,844
cash flow from financing
11,940,329
20,080,046
11,757,200
14,687,273
-13,731,688
20,271,910
-3,634,035
7,424,535
22,609,989
-1,064,365
-26,929
-2,108,332
-1,659,067
-2,445,179
17,085,467
cash and cash equivalents
cash
14,985,772
495,645
-3,641,483
2,655,668
-1,388,001
4,014,251
1,566,541
-4,397,305
1,960,700
1,399,915
1,096,778
1,855
1,016
-8,332
11,983
overdraft
-895,763
666,874
-686,281
-116,137
1,031,307
change in cash
14,985,772
495,645
-3,641,483
2,655,668
-1,388,001
4,014,251
1,566,541
-4,397,305
1,960,700
1,399,915
1,992,541
-665,019
687,297
107,805
-1,019,324
clean linen services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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clean linen services limited Ownership
CLEAN LINEN SERVICES LIMITED group structure
Clean Linen Services Limited has 2 subsidiary companies.
The sole shareholder of Clean Linen Services Limited is Clean Viking Acquisition Co Limited.
clean viking acquisition co limited
100%
clean linen services limited directors
Clean Linen Services Limited currently has 4 directors.
The longest serving directors include
Mr James Kearns (May 2018) and
Mr Robert Steiner (May 2018).
96010 - Washing and (dry-)cleaning of textile and fur products
incorporation date
March 1906
age
119
incorporated
UK
ultimate parent company
ALSCO INC
accounts
Full Accounts
last accounts submitted
December 2023
previous names
c.l.e.a.n. linen services limited (January 2010)
maidenhead district laundry company limited(the) (December 1978)
accountant
-
auditor
GRANT THORNTON UK LLP
address
40 glebeland road, camberley, GU15 3DB
Bank
-
Legal Advisor
-
clean linen services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 33 charges/mortgages relating to clean linen services limited. Currently there are 0 open charges and 33 have been satisfied in the past.
clean linen services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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clean linen services limitedCompanies House Filings - See Documents
