Georocks Ltd

Georocks Ltd is a small, active company based in Reigate, UK, founded four years ago in January 2021. With a single employee and £50,872 in assets, it operates from a virtual address – a fact highlighted by the presence of 194 other companies registered at the same location. The company has two directors and two owners, and is overseen by two directors. It's a private limited company, and has a real registered address.

The company's primary function is providing geology and mining consultancy services globally. Its website details a range of services, including mining project due diligence, exploration management, geological mapping, and resource reporting. It seems to be a B2B operation, targeting mining companies and projects worldwide. The website details a team of experts with extensive experience in various locations across India, Asia, Australia, and the Americas. It's not an e-commerce site; rather, it's a professional services provider.

Financially, Georocks Ltd’s numbers paint a mixed picture. While cash bank on hand increased slightly to £26,000, net current assets liabilities have plunged 77% to -£2,600. Trade debtors have risen 18% to £450, suggesting potential delays in payments. Equity has also suffered, with retained earnings and accumulated losses declining significantly. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

Overall, Georocks Ltd appears to be a lean consultancy firm facing some financial headwinds. The decline in equity and increase in liabilities suggest it may be burning through cash. However, the increase in debtors could also indicate a period of growth, and the company’s expertise in a specialized field could provide a buffer against economic downturns.

Registered in England/Wales under the registration number 13165088, with a registered address at RH2 7JE, England, Reigate, Surrey, The Coach House, 1 Howard Road.

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