ALSCO LINEN SERVICES LIMITED
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Cash
£22m
-22.3% vs 2024
Net assets
£58m
+91.8% highest in 3 filed years
Employees
1,273
+2.1% highest in 3 filed years
Profit before tax
-£5.6m
+4.1% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £75,741,641 | £81,352,446 | £84,192,398 | +3.5% | |
| Operating profit | £4,529,282 | -£5,108,478 | -£4,999,612 | +2.1% | |
| Profit before tax | £3,367,644 | -£5,837,506 | -£5,598,134 | +4.1% | |
| Net profit | £3,303,163 | -£4,934,546 | -£5,189,887 | -5.2% | |
| Cash | £17,569,111 | £28,191,852 | £21,916,782 | -22.3% | |
| Total assets less current liabilities | £49,473,387 | £55,464,564 | £74,590,096 | +34.5% | |
| Net assets | £18,245,287 | £30,372,741 | £58,239,854 | +91.8% | |
| Equity | £18,245,287 | £30,372,741 | £58,239,854 | +91.8% | |
| Average employees | 1,214 | 1,247 | 1,273 | +2.1% | |
| Wages | £37,345,373 | £40,680,717 | £42,014,018 | +3.3% | |
| Directors' remuneration | £2,616,622 | £2,979,647 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 6.0% | -6.3% | -5.9% | |
| Net margin | 4.4% | -6.1% | -6.2% | |
| Return on capital employed | 9.2% | -9.2% | -6.7% | |
| Gearing (liabilities / total assets) | — | 59.5% | 43.3% | |
| Current ratio | 2.25x | 2.60x | 1.77x | |
| Interest cover | 3.83x | -7.01x | -5.56x |
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
“Across all forecast scenarios, Alsco Inc. has confirmed its continued financial support for both the Group and the Company, including assurance that sufficient cash reserves and committed facilities are available for at least the next 12 months. This support specifically includes the funding requirements for the development of the new Nottingham facility referenced in the Strategic Report. On this basis, the Directors consider it appropriate to prepare the financial statements on a going-concern basis.”
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 ongoing conflict in the Middle East has added a further layer of cost uncertainty for the UK hospitality sector. Disruptions to oil and gas supply routes, particularly through the Strait of Hormuz, have led to sharp increases in global energy prices, with Brent crude rising from around $70 per barrel to temporary peaks above $100 following the onset of hostilities, and UK wholesale gas prices increasing by approximately 75% through March 2026.”
- “On 31 May 2025, the trade and assets of Matco Direct Limited were transferred to its parent company, Clean Linen Services, as part of an internal reorganisation. Following the hive-up, Matco Direct Limited ceased trading as a separate entity.”
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 | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2018-05-11 | Active |
| Robert Cowie Steiner | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2018-05-11 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-27 | AA | accounts | Accounts with accounts type group | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 6
- 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.