Grinding Solutions Limited

Grinding Solutions Ltd from Truro UK: a small, holding company with an active status, was founded 22 years ago. With 18 employees and a real address, the company is managed by five directors and one owner. It regularly imports machinery, boilers, and mechanical appliances, parts (5 months imported), and exports irregularly (1 month exported). The company operates in the support activities for other mining and quarrying, the technical testing and analysis industries.

The company’s website highlights its role as an innovative mineral processing consultancy and laboratory testing facility. GSL specializes in mineral liberation and separation, working with clients across the world in sectors like metalliferous, coal, industrial minerals, environmental, and recycling. They offer consultancy, metallurgical testing, onsite support, product development, and market evaluations, emphasizing a cleaner world and increased environmental and economic sustainability. The website showcases case studies of projects involving tungsten, gold, and other minerals, demonstrating expertise in areas like comminution, process mineralogy, and investment marketing.

Financially, Grinding Solutions Ltd’s recent reports present a mixed picture. Creditors have increased significantly, jumping 57% to £610,000, while cash reserves have seen a healthy 98% increase to £190,000. However, net assets have fallen by 1.8% to £840,000. Bank borrowings have also decreased, and the company’s average number of employees has slightly reduced from 18 to 17. The company meets the criteria to be considered a small company, with turnover under £10.2 million and fewer than 50 employees. There is no mention of an auditor in the report, which is likely due to the company's small size and exemption from an audit. The significant increase in creditors, while offset by increased cash reserves, suggests the company may be relying on short-term financing or experiencing delays in receiving payments. The slight reduction in employees could indicate a period of restructuring or cost optimization.

Registered in England/Wales under the registration number 04607181, with a registered address at TR2 4HF, England, Truro, Cornwall, 14 Tresillian Business Park, Tresillian.

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