clean linen services limited

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clean linen services limited Company Information

Share CLEAN LINEN SERVICES LIMITED

Company Number

00087908

Shareholders

clean viking acquisition co limited

Group Structure

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Industry

Washing and (dry-)cleaning of textile and fur products

 

Registered Address

40 glebeland road, camberley, GU15 3DB

clean linen services limited Estimated Valuation

£51.5m

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 limited Estimated 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 limited Estimated 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 Limited Overview

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.

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Clean Linen Services Limited Health Check

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 Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

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

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

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

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

Employees

with 1233 employees, this is above the industry average (75)

1233 - Clean Linen Services Limited

75 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover75,741,64161,739,96733,502,19333,019,12567,246,04055,870,74873,061,56668,314,12129,870,22028,953,93627,527,42626,691,75024,651,21921,972,15522,768,134
Other Income Or Grants
Cost Of Sales73,299,30362,430,61543,635,97947,559,69963,833,24553,553,71463,078,49858,951,58125,614,89524,757,91317,955,90418,213,41416,194,81411,856,67512,005,004
Gross Profit2,442,338-690,648-10,133,786-14,540,5743,412,7952,317,0349,983,0689,362,5404,255,3254,196,0239,571,5228,478,3368,456,40510,115,48010,763,130
Admin Expenses-3,922,11613,994,4297,442,7669,941,56410,992,6597,172,1929,675,09410,125,9363,700,3561,733,1447,475,5717,443,0596,932,1289,590,5749,604,040
Operating Profit6,364,454-14,685,077-17,576,552-24,482,138-7,579,864-4,855,158307,974-763,396554,9692,462,8792,095,9511,035,2771,524,277524,9061,159,090
Interest Payable8,5343,40022,9922,9952,40835,304266,185165,526278,216935,3471,079,184494,862441,954290,848
Interest Receivable11,49185,198284,000296,0001654
Pre-Tax Profit6,417,708-14,688,477-17,599,543-24,483,642-7,579,366-4,888,502332,183-1,029,581389,4432,184,6631,444,604248,4831,292,23046,9523,384,967
Tax-497,85720,000-148,475730,933555,740520,097-376,840-523,053-346,178-144,485-275,507312,977
Profit After Tax5,919,851-14,688,477-17,599,543-24,463,642-7,727,841-4,157,569887,923-509,48412,6031,661,6101,098,426103,9981,016,72346,9523,697,944
Dividends Paid471,110372,000313,00062,250427716,287
Retained Profit5,919,851-14,688,477-17,599,543-24,463,642-7,727,841-4,157,569887,923-509,48412,6031,190,500726,426-209,002954,47346,5252,981,657
Employee Costs41,891,05234,569,90524,949,96638,015,85135,453,48126,669,38533,342,72930,569,79912,768,73712,180,57412,110,07112,068,80310,916,3239,688,74110,452,900
Number Of Employees1,2331,0568211,1651,2581,3671,3911,352556532540573498486520
EBITDA*10,246,854-10,873,894-14,026,485-21,367,488-3,796,5053,084,2694,837,9383,276,3812,351,7214,272,8973,881,5932,886,9563,301,6182,245,9832,375,062

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets17,782,33517,558,52619,125,65920,711,58722,114,68821,085,34226,545,58231,490,19323,162,02611,060,56712,221,62913,440,73114,787,27316,026,75216,895,523
Intangible Assets150,85015,71231,425
Investments & Other110,00110,00110,00110,00110,00110,00210,00210,00210,00210,00210,00210,00210,00210,002
Debtors (Due After 1 year)
Total Fixed Assets17,782,33617,568,52719,135,66020,721,58822,124,68921,095,34326,706,43431,500,19523,172,02811,070,56912,231,63113,450,73314,797,27516,052,46616,936,950
Stock & work in progress5,920,1185,931,7323,425,0214,751,6762,984,5853,976,9653,023,7372,696,8201,091,5671,025,303859,892882,5351,191,500498,657189,540
Trade Debtors10,531,4669,231,0155,239,5611,815,8968,349,1258,986,69710,189,78313,080,43210,838,7994,924,5764,887,0183,834,1013,602,1133,850,3873,989,083
Group Debtors101,3886,842,32925,620,0581,620,0061,377,9151,422,0971,635
Misc Debtors11,670,01213,296,5648,176,2338,212,00511,938,87711,480,35612,339,06511,821,85611,435,9915,015,4764,510,1393,739,8243,899,9443,475,0363,684,151
Cash17,188,4622,202,6901,707,0455,348,5282,692,8604,080,8611,633,15166,6104,463,9152,503,2151,103,3006,5224,6673,65111,983
misc current assets
total current assets45,310,05830,662,00118,547,86020,229,49332,807,77654,144,93728,805,74229,043,63329,252,36913,468,57011,360,3498,462,9828,698,2247,827,7317,876,392
total assets63,092,39448,230,52837,683,52040,951,08154,932,46575,240,28055,512,17660,543,82852,424,39724,539,13923,591,98021,913,71523,495,49923,880,19724,813,342
Bank overdraft895,763228,889915,1701,031,307
Bank loan3,581,8233,139,478333,917340,320380,2051,071,098
Trade Creditors 2,716,4716,543,0383,955,2952,427,8342,148,1154,132,2573,328,0635,384,5082,986,2562,087,6002,016,0221,710,8301,732,4661,592,051797,950
Group/Directors Accounts451,141800,195441,026,20754,699,58231,599,77435,120,03727,206,637675,681114,888135,421287,938499,13539,579
other short term finances2,170,8442,479,3132,275,5641,944,1422,266,2492,306,524
hp & lease commitments21,39477,299118,591237,561210,63996,47690,3281,275,6331,434,9441,250,4001,334,938
other current liabilities9,134,3148,812,4526,248,1565,223,8269,710,0646,576,6165,956,3905,501,3016,471,8173,285,3952,807,3251,976,8772,811,4072,711,7452,366,154
total current liabilities11,850,78915,406,63111,003,6467,651,66452,905,78065,485,75441,002,81846,243,40736,875,34911,897,81910,647,3548,604,0058,780,1069,614,9558,947,550
loans2,107,3133,489,1371,547,2801,865,7361,588,4531,968,658
hp & lease commitments249,602103,041199,5173,225,0984,175,6515,133,3306,319,128
Accruals and Deferred Income
other liabilities8,666103,996173,326268,655373,051
provisions497,857597,2631,276,2491,765,790753,728760,568673,024531,366259,963259,963
total long term liabilities497,857597,2631,276,2492,015,3922,964,0824,457,8885,549,3986,746,0797,250,4018,920,800
total liabilities12,348,64615,406,63111,003,6467,651,66452,905,78065,485,75441,600,08147,519,65638,890,74114,861,90115,105,24214,153,40315,526,18516,865,35617,868,350
net assets50,743,74832,823,89726,679,87433,299,4172,026,6859,754,52613,912,09513,024,17213,533,6569,677,2388,486,7387,760,3127,969,3147,014,8416,944,992
total shareholders funds50,743,74832,823,89726,679,87433,299,4172,026,6859,754,52613,912,09513,024,17213,533,6569,677,2388,486,7387,760,3127,969,3147,014,8416,944,992
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit6,364,454-14,685,077-17,576,552-24,482,138-7,579,864-4,855,158307,974-763,396554,9692,462,8792,095,9511,035,2771,524,277524,9061,159,090
Depreciation3,882,4003,811,1833,550,0673,114,6503,783,3597,939,4274,529,9644,039,7771,796,7521,810,0181,785,6421,851,6791,761,6291,705,3641,196,438
Amortisation15,71215,71319,534
Tax-497,85720,000-148,475730,933555,740520,097-376,840-523,053-346,178-144,485-275,507312,977
Stock-11,6142,506,711-1,326,6551,767,091-992,3801,280,145326,9171,605,25366,264165,411-22,643-308,965692,843309,117189,540
Debtors-326,1019,111,7853,286,505-17,001,042-18,956,78019,806,908-2,131,3492,583,31613,756,835542,8951,823,23271,868176,634-349,4467,674,869
Creditors-3,826,5672,587,7431,527,461279,719-1,984,142-1,252,251-2,056,4452,398,252898,65671,578305,192-21,636140,415794,101797,950
Accruals and Deferred Income321,8622,564,2961,024,330-4,486,2383,133,4481,075,315455,089-970,5163,186,422478,070830,448-834,53099,662345,5912,366,154
Deferred Taxes & Provisions497,857-1,276,249-678,986-489,5411,012,062-6,84087,544141,658271,403259,963
Cash flow from operations7,079,864-17,340,351-13,434,544-10,320,05617,153,486-18,725,0364,917,768546,104-6,751,0783,584,3462,958,0102,265,0602,668,1143,426,004-1,752,303
Investing Activities
capital expenditure-4,106,209-2,244,050-1,964,139-1,711,549-4,812,7052,465,424263,797-12,367,944-13,898,211-650,464-564,115-496,886296,002-836,594-3,237,595
Change in Investments-10,000-110,002
cash flow from investments-4,096,209-2,244,050-1,964,139-1,711,549-4,812,7052,465,425263,797-12,367,944-13,898,211-650,464-564,115-496,886296,002-836,594-3,247,597
Financing Activities
Bank loans-3,581,823442,3452,805,561-6,403-39,885-690,8931,071,098
Group/Directors Accounts-51,137-749,054800,191-41,026,203-13,673,37519,579,545-3,520,2637,913,40026,530,956560,793-20,533-152,517-211,197459,55639,579
Other Short Term Loans -2,170,844-308,469203,749331,422-322,107-40,2752,306,524
Long term loans-2,107,313-1,381,8241,941,857-318,456277,283-380,2051,968,658
Hire Purchase and Lease Commitments-21,394-55,905-160,262-118,970-222,680260,724-90,328-4,210,886-1,109,864-773,135-1,270,3367,654,066
other long term liabilities-8,666-95,330-69,330-95,329-104,396373,051
share issue12,000,00020,832,50010,980,00055,736,374887,9233,843,81523,3243,963,335
interest-8,534-3,400-22,991-1,504-2,408-35,2965,198-266,185-165,526-278,216-651,347-783,184-494,697-441,954-290,844
cash flow from financing11,940,32920,080,04611,757,20014,687,273-13,731,68820,271,910-3,634,0357,424,53522,609,989-1,064,365-26,929-2,108,332-1,659,067-2,445,17917,085,467
cash and cash equivalents
cash14,985,772495,645-3,641,4832,655,668-1,388,0014,014,2511,566,541-4,397,3051,960,7001,399,9151,096,7781,8551,016-8,33211,983
overdraft-895,763666,874-686,281-116,1371,031,307
change in cash14,985,772495,645-3,641,4832,655,668-1,388,0014,014,2511,566,541-4,397,3051,960,7001,399,9151,992,541-665,019687,297107,805-1,019,324

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 Competitor Analysis

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Perform a competitor analysis for clean linen services limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in GU15 area or any other competitors across 12 key performance metrics.

clean linen services limited Ownership

CLEAN LINEN SERVICES LIMITED group structure

Clean Linen Services Limited has 2 subsidiary companies.

Ultimate parent company

ALSCO INC

#0072940

2 parents

CLEAN LINEN SERVICES LIMITED

00087908

2 subsidiaries

CLEAN LINEN SERVICES LIMITED Shareholders

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).

officercountryagestartendrole
Mr James KearnsUnited States62 years May 2018- Director
Mr Robert SteinerUnited States74 years May 2018- Director
Mr Kevin GodleyEngland45 years Jun 2019- Director
Mr Andrew SteinerUnited States40 years Dec 2023- Director

P&L

December 2023

turnover

75.7m

+23%

operating profit

6.4m

-143%

gross margin

3.3%

-388.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

50.7m

+0.55%

total assets

63.1m

+0.31%

cash

17.2m

+6.8%

net assets

Total assets minus all liabilities

clean linen services limited company details

company number

00087908

Type

Private limited with Share Capital

industry

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.

Click to start generating capital raising & share issue transactions for CLEAN LINEN SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.

clean linen services limited Companies House Filings - See Documents

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