Advanced Grinding Solutions Ltd
- Small
- Active
- 11 years
- 1 employee
- £1,254,965 (assets)
- Real address
- 3 directors
- 2 owners
- Regular importer
- Regular exporter
- Family business
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Advanced Grinding Solutions Ltd, based in Coventry, UK, is a small, active family business established eleven years ago. With a single employee and £1,254,965 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with a recent import operation in February 2025 and an export operation in the same month. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.
The company’s website showcases a diverse range of high-precision machinery sourced from leading European manufacturers. It’s not an e-commerce site, but rather a platform for presenting its product portfolio and expertise. The company focuses on providing turnkey production solutions for various industries, including aerospace, automotive, and medical, and it’s clear they're more of a distributor and service provider than a direct retailer. They even offer conference calls via Google Meet, Lifesize, Microsoft Teams, Skype, Teamviewer or Zoom platforms.
Financially, Advanced Grinding Solutions Ltd shows some concerning trends. Cash bank on hand increased dramatically by 750%, reaching £360,000, which is good news. However, debtors decreased by 20%, falling to £900,000, and net assets declined by 13%, settling at £790,000. Creditors also increased by 41%, reaching £470,000. While the company’s assets are substantial, the decrease in equity and increase in debt suggest it might be burning through money. Investments fixed assets dropped by a whopping 100%, and total inventories went to zero. The lack of an auditor mentioned—likely due to its small size—means the figures are unaudited. It's a little worrying, but the significant cash reserves could provide a buffer.
Registered in England/Wales under the registration number 08919841, with a registered address at CV3 2RL, England, Coventry, Unit 80 Hotchkiss Way, Binley Industrial Estate.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Boraston Christopher
- 8 years
- 1
- 25%+
-
Resident of United Kingdom
-
Individual
- Boraston Louise Margaret
- 8 years
- 3
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- Boraston Louise Margaret
- 11 years
- 2
-
Resident of United Kingdom
-
Individual
- Boraston Christopher Kenneth
- 11 years
- 1
-
Resident of United Kingdom
-
Individual
- Boraston Louise
- 11 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted two months ago.
Last news
-
Confirmation statement made on 2025-03-03 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-12-31Download 8 pages pdf report
-
Confirmation statement made on 2024-03-03 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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Similar exporters
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FAQ about Advanced Grinding Solutions Ltd
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