ALSCO LINEN SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-06 (in 7mo)
Last made up 2025-11-22
Watchouts
None on the register
Cash
£28M
+60.5% vs 2023
Net assets
£30M
+66.5% vs 2023
Employees
1,247
+2.7% vs 2023
Profit before tax
-£6M
-273.3% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £75,741,641 | £81,352,446 | |
| Operating profit | £4,529,282 | -£5,108,478 | |
| Profit before tax | £3,367,644 | -£5,837,506 | |
| Net profit | £3,303,163 | -£4,934,546 | |
| Cash | £17,569,111 | £28,191,852 | |
| Total assets less current liabilities | £49,473,387 | £55,464,564 | |
| Net assets | £18,245,287 | £30,372,741 | |
| Equity | £18,245,287 | £30,372,741 | |
| Average employees | 1,214 | 1,247 | |
| Wages | £37,345,373 | £40,680,717 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.0% | -6.3% | |
| Net margin | 4.4% | -6.1% | |
| Return on capital employed | 9.2% | -9.2% | |
| Current ratio | 2.25x | 2.44x | |
| Interest cover | 3.83x | -7.01x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared cash flow forecasts to the end of 2029 using predictions based on the information currently available, and formed its going concern assessment to cover the period of 12 months from the signing of the financial statements. In each of the forecast scenarios prepared for the UK, Alsco Inc have confirmed that they will support the Group and Company. Alsco Inc have also confirmed that they will have sufficient cash reserves and facilities to support the Company for the next 12 months until the next annual review. The financial support includes the funding requirements for the development of the new Nottingham site mentioned in the Strategic Report. As such, the Directors have prepared the financial reporting on a going concern basis. The forecasts assume operating activities are cash generative by the middle of 2026.”
Group structure
- ALSCO LINEN SERVICES LIMITED · parent
- CLEAN Viking Holdings Limited 100%
- CLEAN Viking Bidco Limited 100%
- CLEAN Viking Acquisition Co Ltd 100%
- CLEAN Linen Services Limited 100%
- Clean Watford Limited 100%
- BCOMP 497 Limited 100%
- Stevens-Hatherley Holdings Limited 100%
- Paris Laundry Systems Limited 100%
- Matco Direct Limited 100%
Significant events
- “The decision to replace the site with a larger operation at Nottingham was made at the beginning of 2025. This is expected to commence operations at the start of 2026, with the staged closure of our existing nearby site by the middle of 2026. The additional processing capacity will significantly enhance our coverage in the Midlands and North of England.”
- “Its group company Clean Linen Services Limited purchased the land for the new Nottingham development in early 2025, and is currently committed to spending £36,800,000 on the construction of the new site and the installation of machinery, of which £nil was committed at 31 December 2024. It is estimated that the project will be completed before the end of 2026.”
- “On 17 May 2024, the Group acquired 100% of the share capital in Matco Direct Limited for a total cash consideration of £208,811, of which £161,934 was settled on 17 May 2024 and £46,877 is deferred and was paid on 17 May 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEARNS, James Dean | Director | 2018-05-11 | Mar 1963 | American |
| STEINER, Andrew | Director | 2023-12-19 | May 1985 | American |
| STEINER, Robert Cowie | Director | 2018-05-11 | Oct 1950 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kevin Kearns Steiner | Individual | Significant influence | 2018-05-11 | Ceased 2018-05-11 |
| Wells Fargo Bank N.A., Co-Trustee George A. Steiner Trust | Corporate entity | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2018-05-11 | Active |
| Robert Cowie Steiner | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2018-05-11 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | SH01 | capital | Capital allotment shares | |
| 2025-12-09 | SH01 | capital | Capital allotment shares | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-04 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-08-27 | SH01 | capital | Capital allotment shares | |
| 2025-08-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | SH01 | capital | Capital allotment shares | |
| 2024-11-26 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-28 | SH01 | capital | Capital allotment shares | |
| 2024-10-11 | AA | accounts | Accounts with accounts type group | |
| 2024-06-12 | SH01 | capital | Capital allotment shares | |
| 2023-12-21 | CH01 | officers | Change person director company with change date | |
| 2023-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-22 | SH01 | capital | Capital allotment shares | |
| 2023-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2023-05-30 | SH01 | capital | Capital allotment shares | |
| 2023-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-30 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 7
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+7.4%
£75,741,641 £81,352,446
-
Cash
+60.5%
£17,569,111 £28,191,852
-
Net assets
+66.5%
£18,245,287 £30,372,741
-
Employees
+2.7%
1,214 1,247
-
Operating profit
-212.8%
£4,529,282 -£5,108,478
-
Profit before tax
-273.3%
£3,367,644 -£5,837,506
-
Wages
+8.9%
£37,345,373 £40,680,717
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers