easy laundry limited

easy laundry limited Company Information

Share EASY LAUNDRY LIMITED
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Company Number

11068054

Industry

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

 

Directors

James Hunt

Shareholders

james william hunt

Group Structure

View All

Contact

Registered Address

1a clarendon road, hinckley, LE10 0PJ

easy laundry limited Estimated Valuation

£84.2k

Pomanda estimates the enterprise value of EASY LAUNDRY LIMITED at £84.2k based on a Turnover of £119.8k and 0.7x industry multiple (adjusted for size and gross margin).

easy laundry limited Estimated Valuation

£0

Pomanda estimates the enterprise value of EASY LAUNDRY LIMITED at £0 based on an EBITDA of £-16.8k and a 3.77x industry multiple (adjusted for size and gross margin).

easy laundry limited Estimated Valuation

£0

Pomanda estimates the enterprise value of EASY LAUNDRY LIMITED at £0 based on Net Assets of £-19.4k and 2.28x industry multiple (adjusted for liquidity).

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Easy Laundry Limited Overview

Easy Laundry Limited is a live company located in hinckley, LE10 0PJ with a Companies House number of 11068054. It operates in the washing and (dry-)cleaning of textile and fur products sector, SIC Code 96010. Founded in November 2017, it's largest shareholder is james william hunt with a 100% stake. Easy Laundry Limited is a young, micro sized company, Pomanda has estimated its turnover at £119.8k with high growth in recent years.

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Easy Laundry Limited Health Check

Pomanda's financial health check has awarded Easy Laundry Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £119.8k, make it smaller than the average company (£302.2k)

£119.8k - Easy Laundry Limited

£302.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (14%)

19% - Easy Laundry Limited

14% - Industry AVG

production

Production

with a gross margin of 52.7%, this company has a comparable cost of product (52.7%)

52.7% - Easy Laundry Limited

52.7% - Industry AVG

profitability

Profitability

an operating margin of -14.2% make it less profitable than the average company (8.4%)

-14.2% - Easy Laundry Limited

8.4% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (14)

5 - Easy Laundry Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.9k, the company has an equivalent pay structure (£27.9k)

£27.9k - Easy Laundry Limited

£27.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £24k, this is less efficient (£52.7k)

£24k - Easy Laundry Limited

£52.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (46 days)

7 days - Easy Laundry Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (32 days)

8 days - Easy Laundry Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Easy Laundry Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Easy Laundry Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 153.1%, this is a higher level of debt than the average (56.1%)

153.1% - Easy Laundry Limited

56.1% - Industry AVG

EASY LAUNDRY LIMITED financials

EXPORTms excel logo

Easy Laundry Limited's latest turnover from January 2024 is estimated at £119.8 thousand and the company has net assets of -£19.4 thousand. According to their latest financial statements, Easy Laundry Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018
Turnover119,76091,24071,68963,575117,285110,036
Other Income Or Grants000000
Cost Of Sales56,67853,83354,87036,51365,45061,474
Gross Profit63,08237,40716,81927,06151,83548,562
Admin Expenses80,12262,47519,90936,43448,75131,350
Operating Profit-17,040-25,068-3,090-9,3733,08417,212
Interest Payable2,3283,7882,5651,22000
Interest Receivable002254
Pre-Tax Profit-19,368-28,856-5,653-10,5913,08917,216
Tax0000-587-3,271
Profit After Tax-19,368-28,856-5,653-10,5912,50213,945
Dividends Paid000000
Retained Profit-19,368-28,856-5,653-10,5912,50213,945
Employee Costs139,47979,01479,15956,35583,80881,263
Number Of Employees544344
EBITDA*-16,800-24,769-3,008-9,2713,21217,212

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018
Tangible Assets9581,1983284105120
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets9581,1983284105120
Stock & work in progress000000
Trade Debtors2,3623,5893,5972,8598,1256,249
Group Debtors000000
Misc Debtors33,12210,92948,75350,27715,65910,747
Cash0004,168941,121
misc current assets000000
total current assets35,48414,51852,35057,30423,87818,117
total assets36,44215,71652,67857,71424,39018,117
Bank overdraft11,5719,44012,0883,75800
Bank loan000000
Trade Creditors 1,3800996000
Group/Directors Accounts02,324017400
other short term finances000000
hp & lease commitments000000
other current liabilities13,0351,9637,32411,6017,8404,171
total current liabilities25,98613,72720,40815,5337,8404,171
loans29,82330,64132,00036,24200
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions0066821020
total long term liabilities29,82330,64132,06636,3241020
total liabilities55,80944,36852,47451,8577,9424,171
net assets-19,367-28,6522045,85716,44813,946
total shareholders funds-19,367-28,6522045,85716,44813,946
Jan 2024Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018
Operating Activities
Operating Profit-17,040-25,068-3,090-9,3733,08417,212
Depreciation240299821021280
Amortisation000000
Tax0000-587-3,271
Stock000000
Debtors35,484-37,832-78629,3526,78816,996
Creditors1,380-996996000
Accruals and Deferred Income13,035-5,361-4,2773,7613,6694,171
Deferred Taxes & Provisions0-66-16-201020
Cash flow from operations-37,8696,640-5,519-34,882-3921,116
Investing Activities
capital expenditure-1,198-1,16900-6400
Change in Investments000000
cash flow from investments-1,198-1,16900-6400
Financing Activities
Bank loans000000
Group/Directors Accounts02,324-17417400
Other Short Term Loans 000000
Long term loans29,823-1,359-4,24236,24200
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue100001
interest-2,328-3,788-2,563-1,21854
cash flow from financing27,496-2,823-6,97935,19855
cash and cash equivalents
cash00-4,1684,074-1,0271,121
overdraft11,571-2,6488,3303,75800
change in cash-11,5712,648-12,498316-1,0271,121

easy laundry 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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Easy Laundry Limited Competitor Analysis

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Perform a competitor analysis for easy laundry limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in LE10 area or any other competitors across 12 key performance metrics.

easy laundry limited Ownership

EASY LAUNDRY LIMITED group structure

Easy Laundry Limited has no subsidiary companies.

Ultimate parent company

EASY LAUNDRY LIMITED

11068054

EASY LAUNDRY LIMITED Shareholders

james william hunt 100%

easy laundry limited directors

Easy Laundry Limited currently has 1 director, Mr James Hunt serving since Nov 2017.

officercountryagestartendrole
Mr James HuntEngland43 years Nov 2017- Director

P&L

January 2024

turnover

119.8k

0%

operating profit

-17k

0%

gross margin

52.7%

0%

turnover

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

Balance Sheet

January 2024

net assets

-19.4k

0%

total assets

36.4k

0%

cash

0

0%

net assets

Total assets minus all liabilities

easy laundry limited company details

company number

11068054

Type

Private limited with Share Capital

industry

96010 - Washing and (dry-)cleaning of textile and fur products

incorporation date

November 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

ARMSTRONGS BISHOP SIMMONS

auditor

-

address

1a clarendon road, hinckley, LE10 0PJ

Bank

-

Legal Advisor

-

easy laundry 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 did not find charges/mortgages relating to easy laundry limited.

easy laundry 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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easy laundry limited Companies House Filings - See Documents

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