Grosvenor Cleaning Services Limited

Grosvenor Cleaning Services Ltd, based in Skegness, UK, is a sizable and active company established 34 years ago. Employing 386 people and holding assets of £16,590,787, the company generated £12,794,948 in revenue last year. It’s a holding company with four directors and one owner, and operates from a real address with only one other company registered there. The company regularly imports textile products, sets, used clothing, and rags (last import in November 1, 2020), and occasionally exports miscellaneous manufactured goods (last export in November 1, 2021).

The company’s website highlights its focus on commercial cleaning services, particularly for offices and business parks, offering window cleaning and managed residential power washing. It’s a hands-on cleaning company, priding itself on competitive rates and flexibility, and caters to block management services providers. It’s a professional, reliable, and consistent team.

Financially, Grosvenor Cleaning Services Ltd presents a mixed picture. While revenue remained stable, several key metrics indicate potential challenges. Accrued liabilities increased by 13%, while cash and bank on hand dropped significantly by 44%. Debtors rose by 15%, suggesting a build-up of outstanding payments. However, creditors also increased by 33%, and administrative expenses jumped 19%, which could be related to the increase in staff. The company’s net assets decreased by 14%, and bank borrowings increased, indicating a reliance on external financing. The lack of a mention of an auditor suggests that the company is exempt from full auditing, so the figures are unaudited.

Overall, Grosvenor Cleaning Services Ltd appears to be a well-established cleaning business facing some financial headwinds. The increase in debt and decrease in cash reserves warrants close monitoring, although the company’s size and experience may help it weather these challenges. The business seems to be doing well in terms of revenue, but managing its cash flow and debt levels will be crucial for its continued success.

Registered in England/Wales under the registration number 02601775, with a registered address at PE25 3SR, England, Skegness, Unit 2d Barkers Yard.

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