alsco linen services limited
alsco linen services limited Company Information
Company Number
11357559
Website
alsco.comRegistered Address
40 glebeland road, camberley, GU15 3DB
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
alsco inc. 100%
alsco linen services limited Estimated Valuation
Pomanda estimates the enterprise value of ALSCO LINEN SERVICES LIMITED at £34.9m based on a Turnover of £61.7m and 0.57x industry multiple (adjusted for size and gross margin).
alsco linen services limited Estimated Valuation
Pomanda estimates the enterprise value of ALSCO LINEN SERVICES LIMITED at £0 based on an EBITDA of £-11m and a 4.44x industry multiple (adjusted for size and gross margin).
alsco linen services limited Estimated Valuation
Pomanda estimates the enterprise value of ALSCO LINEN SERVICES LIMITED at £0 based on Net Assets of £-6.6m and 2.27x industry multiple (adjusted for liquidity).
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Alsco Linen Services Limited Overview
Alsco Linen Services Limited is a live company located in camberley, GU15 3DB with a Companies House number of 11357559. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2018, it's largest shareholder is alsco inc. with a 100% stake. Alsco Linen Services Limited is a young, large sized company, Pomanda has estimated its turnover at £61.7m with declining growth in recent years.
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Alsco Linen Services Limited Health Check
Pomanda's financial health check has awarded Alsco Linen Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £61.7m, make it larger than the average company (£3.8m)
£61.7m - Alsco Linen Services Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3%)
-3% - Alsco Linen Services Limited
3% - Industry AVG
Production
with a gross margin of -1.1%, this company has a higher cost of product (38.8%)
-1.1% - Alsco Linen Services Limited
38.8% - Industry AVG
Profitability
an operating margin of -27.5% make it less profitable than the average company (6.3%)
-27.5% - Alsco Linen Services Limited
6.3% - Industry AVG
Employees
with 1056 employees, this is above the industry average (25)
1056 - Alsco Linen Services Limited
25 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has a lower pay structure (£50.6k)
£32.7k - Alsco Linen Services Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £58.5k, this is less efficient (£157.6k)
£58.5k - Alsco Linen Services Limited
£157.6k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (44 days)
54 days - Alsco Linen Services Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (33 days)
30 days - Alsco Linen Services Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is in line with average (32 days)
34 days - Alsco Linen Services Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (24 weeks)
6 weeks - Alsco Linen Services Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.6%, this is a higher level of debt than the average (63.6%)
111.6% - Alsco Linen Services Limited
63.6% - Industry AVG
ALSCO LINEN SERVICES LIMITED financials
Alsco Linen Services Limited's latest turnover from December 2022 is £61.7 million and the company has net assets of -£6.6 million. According to their latest financial statements, Alsco Linen Services Limited has 1,056 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 61,739,967 | 33,502,194 | 33,020,503 | 67,283,965 | 43,454,225 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 62,430,615 | 43,635,980 | 47,559,700 | 63,833,245 | 37,984,925 |
| Gross Profit | -690,648 | -10,133,786 | -14,539,197 | 3,450,720 | 5,469,300 |
| Admin Expenses | 16,265,220 | 9,635,181 | 12,101,351 | 52,581,692 | 10,324,302 |
| Operating Profit | -16,955,868 | -19,768,967 | -26,640,548 | -49,130,972 | -4,855,002 |
| Interest Payable | 1,253,070 | 1,517,186 | 1,472,974 | 1,423,523 | 835,841 |
| Interest Receivable | 0 | 1 | 2,600 | 7,298 | 1,255 |
| Pre-Tax Profit | -18,208,938 | -21,286,152 | -28,110,922 | -50,547,197 | -5,689,588 |
| Tax | 331,959 | -494,462 | 216,505 | 1,123,633 | 1,120,000 |
| Profit After Tax | -17,876,979 | -21,780,614 | -27,894,417 | -49,423,564 | -4,569,588 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -17,876,979 | -21,780,637 | -27,901,611 | -49,386,908 | -4,595,518 |
| Employee Costs | 34,569,905 | 24,949,966 | 38,015,851 | 35,387,650 | 26,887,381 |
| Number Of Employees | 1,056 | 821 | 1,165 | 1,258 | 1,370 |
| EBITDA* | -10,980,652 | -14,024,649 | -21,331,646 | -38,838,028 | 2,630,666 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 19,926,512 | 21,493,645 | 23,079,573 | 24,482,674 | 23,458,850 |
| Intangible Assets | 5,777,476 | 7,971,728 | 10,165,980 | 12,360,232 | 53,838,834 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 25,703,988 | 29,465,373 | 33,245,553 | 36,842,906 | 77,297,684 |
| Stock & work in progress | 5,931,732 | 3,425,021 | 4,751,676 | 2,984,585 | 3,976,964 |
| Trade Debtors | 9,231,015 | 5,239,560 | 1,815,895 | 8,357,040 | 9,925,642 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 13,296,564 | 8,176,233 | 8,214,734 | 11,945,126 | 11,450,090 |
| Cash | 2,633,083 | 1,972,087 | 5,597,974 | 9,068,287 | 7,129,084 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 31,092,394 | 18,812,901 | 20,380,279 | 32,355,038 | 32,481,780 |
| total assets | 56,796,382 | 48,278,274 | 53,625,832 | 69,197,944 | 109,779,464 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 4,166,667 | 4,166,667 | 0 | 0 | 0 |
| Trade Creditors | 5,217,905 | 3,988,232 | 2,427,834 | 2,156,824 | 4,263,608 |
| Group/Directors Accounts | 1,451,022 | 817,858 | 17,667 | 17,667 | 5,003,630 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 21,394 | 77,299 |
| other current liabilities | 8,883,258 | 6,352,382 | 5,374,378 | 9,902,793 | 6,788,464 |
| total current liabilities | 19,718,852 | 15,325,139 | 7,819,879 | 12,098,678 | 16,133,001 |
| loans | 41,666,666 | 45,833,333 | 50,000,000 | 50,000,000 | 50,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,996,952 | 2,328,911 | 1,834,448 | 2,033,344 | 3,156,977 |
| total long term liabilities | 43,663,618 | 48,162,244 | 51,834,448 | 52,033,344 | 53,156,977 |
| total liabilities | 63,382,470 | 63,487,383 | 59,654,327 | 64,132,022 | 69,289,978 |
| net assets | -6,640,653 | -15,263,674 | -6,083,037 | 5,018,574 | 40,405,482 |
| total shareholders funds | -6,640,653 | -15,263,674 | -6,083,037 | 5,018,574 | 40,405,482 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -16,955,868 | -19,768,967 | -26,640,548 | -49,130,972 | -4,855,002 |
| Depreciation | 3,780,964 | 3,550,066 | 3,114,650 | 3,784,001 | 2,667,557 |
| Amortisation | 2,194,252 | 2,194,252 | 2,194,252 | 6,508,943 | 4,818,111 |
| Tax | 331,959 | -494,462 | 216,505 | 1,123,633 | 1,120,000 |
| Stock | 2,506,711 | -1,326,655 | 1,767,091 | -992,379 | 3,976,964 |
| Debtors | 9,111,786 | 3,385,164 | -10,271,537 | -1,073,566 | 21,375,732 |
| Creditors | 1,229,673 | 1,560,398 | 271,010 | -2,106,784 | 4,263,608 |
| Accruals and Deferred Income | 2,530,876 | 978,004 | -4,528,415 | 3,114,329 | 6,788,464 |
| Deferred Taxes & Provisions | -331,959 | 494,463 | -198,896 | -1,123,633 | 3,156,977 |
| Cash flow from operations | -18,838,600 | -13,544,755 | -17,066,996 | -35,764,538 | -7,392,981 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | -96,498,191 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -96,498,191 |
| Financing Activities | |||||
| Bank loans | 0 | 4,166,667 | 0 | 0 | 0 |
| Group/Directors Accounts | 633,164 | 800,191 | 0 | -4,985,963 | 5,003,630 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -4,166,667 | -4,166,667 | 0 | 0 | 50,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | -21,394 | -55,905 | 77,299 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -1,253,070 | -1,517,185 | -1,470,374 | -1,416,225 | -834,586 |
| cash flow from financing | 21,713,427 | 11,883,006 | 15,308,232 | 7,541,907 | 99,247,343 |
| cash and cash equivalents | |||||
| cash | 660,996 | -3,625,887 | -3,470,313 | 1,939,203 | 7,129,084 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 660,996 | -3,625,887 | -3,470,313 | 1,939,203 | 7,129,084 |
alsco linen services limited Credit Report and Business Information
Alsco Linen Services Limited Competitor Analysis
Perform a competitor analysis for alsco linen services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
alsco linen services limited Ownership
ALSCO LINEN SERVICES LIMITED group structure
Alsco Linen Services Limited has 1 subsidiary company.
Ultimate parent company
ALSCO INC
#0072940
1 parent
ALSCO LINEN SERVICES LIMITED
11357559
1 subsidiary
alsco linen services limited directors
Alsco Linen Services Limited currently has 3 directors. The longest serving directors include Mr Robert Steiner (May 2018) and Mr James Kearns (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Steiner | United States | 73 years | May 2018 | - | Director |
| Mr James Kearns | United States | 61 years | May 2018 | - | Director |
| Mr Andrew Steiner | United States | 39 years | Dec 2023 | - | Director |
P&L
December 2022turnover
61.7m
+84%
operating profit
-17m
-14%
gross margin
-1.1%
-96.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-6.6m
-0.56%
total assets
56.8m
+0.18%
cash
2.6m
+0.34%
net assets
Total assets minus all liabilities
alsco linen services limited company details
company number
11357559
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
40 glebeland road, camberley, GU15 3DB
last accounts submitted
December 2022
alsco 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 did not find charges/mortgages relating to alsco linen services limited.
alsco linen services limited Companies House Filings - See Documents
| date | description | view/download |
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