Geotechnical Engineering Limited

Geotechnical Engineering Limited, based in Gloucester, UK, is a large, active company established 63 years ago, in 1961. With 145 employees and £6,858,505 in assets, it's a significant player in the UK's geotechnical and geoenvironmental sectors. The company boasts a real address and is managed by nine directors, with Milne Andrew Brian as the sole owner. It holds a stellar 5.0 Google rating based on 22 reviews. The company irregularly imports and exports basic metal tools and utensils, with recent activity recorded in August and November 2023.

Specializing in ground investigation services, Geotechnical Engineering Limited provides a comprehensive range of solutions, from utility tracing and vacuum excavation to intrusive ground investigation and soil/rock testing. They operate a large fleet of technologically advanced rigs, including a unique slope-climbing rig, and offer surveying, laboratory testing, and geotechnical reporting. Their clients span commercial, rail, road, and utility sectors, and they pride themselves on delivering robust data to mitigate ground risks.

Financially, the company’s numbers show some interesting trends. While turnover increased by 15% to £12 million, net assets decreased by 15% to £4 million. Bank borrowings decreased by 28% to £350,000, and cash reserves fell by 70% to £1.2 million. Creditors increased significantly by 76% to £1.8 million, and trade debtors ballooned by 91% to £3.2 million. The decrease in cash reserves, combined with the increase in trade debtors, suggests potential cash flow pressures, although the increase in creditors could indicate better management of short-term liabilities. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and more than 250 employees) helps it stay agile, but the equity drop raises questions. Azets Audit Services conducted the audit.

Overall, Geotechnical Engineering Limited appears to be a well-established company with a strong reputation, but the recent financial data suggests it’s navigating a period of change. The company’s long history and diverse service offering provide a solid foundation, but careful management of cash flow and debt will be crucial for continued success.

Registered in England/Wales under the registration number 00700739, with a registered address at GL2 4NF, Gloucester, Gloucestershire, Centurion House, Olympus Park Quedgeley.

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