P.s. Auto Grinding Limited

Auto Grinding Ltd Ps from Glasgow UK: a small holding company with an active status, was founded 24 years ago. Employing 15 people, the company holds assets totaling £6,634,927. While it has a registered address, it's likely a virtual one, as 411 companies are registered at the same location. The business is led by three directors and has one owner. It regularly imports machinery, boilers, and mechanical appliances, parts, with 118 months of import activity recorded, the last in December 01, 2024. It also exports the same items, with 284 months of export activity, the last in February 01, 2025.

The company’s website, PS Auto Grinding Ltd, showcases a focus on automatic grinding systems. It's the sole distributor of Koyama automatic grinding machines across Europe, providing machines, service, training, and spares. The business caters to ferrous and nonferrous foundries, offering casting grinding trials to confirm grinding and cutting cycle times. It has a showroom in Scotland and even supplies machines to international markets. The website highlights a focus on machine benefits, including operator safety, repeatable processes, and faster grinding.

Financially, Auto Grinding Ltd Ps shows a mixed picture. While total assets increased by 11%, net assets decreased by 13%, dropping to £1.2 million. Bank borrowings decreased by 25%, and cash reserves increased by 41%, reaching £830,000. Creditors increased by 37%, and trade debtors increased by 65%, suggesting potentially delayed customer payments. Despite the company’s small size (meeting two of three conditions for being a small company), the decrease in equity is concerning. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Auto Grinding Ltd Ps appears to be a stable business with a specialized focus, but the decrease in equity warrants further investigation. The company’s long history and established European distribution network suggest a resilient business model, but the financial trends indicate potential challenges ahead.

Registered in Scotland under the registration number SC214767, with a registered address at G32 8FH, United Kingdom, Glasgow, Strathclyde, 1 Cambuslang Court, Cambuslang.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.