Grice Engineering Limited

Grice Engineering Limited is a small, active company based in Basildon, Essex, UK. Founded four years ago in March 2021, it’s a solo-founded operation with two directors and two employees, holding £370,036 in assets. The company operates from a real address and is a regular importer of vehicles, parts, and accessories (excluding trains and trams), with three months of import activity recorded as of March 2024. The company’s website, though not provided, suggests a focus on manufacturing engines and turbines, except for aircraft, vehicle, and cycle engines.

While the company’s website doesn’s give much detail, it’s clear that Grice Engineering Limited operates within a specific manufacturing sector. It’s a small company, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website also suggests it’s a B2B business, catering to commercial clients rather than consumers.

Financially, Grice Engineering Limited shows a mixed picture. Current assets have increased by 40% to £370,000, while net assets have increased by 80% to £270,000. However, bank borrowings have decreased by 47%, and cash reserves have decreased by 14% to £140,000. Trade debtors have increased by 120%, suggesting the company is extending credit to customers, and creditors have increased by 110%, which could be due to increased purchasing. The company’s trade creditors have increased significantly, which could be a concern. The company is exempt from an audit as a small company.

Overall, Grice Engineering Limited appears to be a stable, growing company, but it’s important to monitor its debt levels and cash flow. The increase in trade debtors could indicate potential issues with customer payments, and the decrease in cash reserves could limit its ability to invest in future growth. The company’s solo founder and director, Grice Thomas, seems to be managing the business effectively, but it will be interesting to see how it performs in the long term.

Registered in England/Wales under the registration number 13260028, with a registered address at SS13 1LG, England, Essex, Essex, 4 Thomasin Road, Basildon.

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