Ground Cover Solutions Ltd

Ground Cover Solutions Ltd from Livingston, UK, is a small, active company founded four years ago. With a single employee and £27,552 in assets, it’s a solo founder operation led by a director and owner, Kean Liam. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is real, with only two other companies registered at the same location.

The company’s website, while not fully detailed, suggests a focus on landscaping or gardening supplies, although specific product details are scarce. It’s unclear if the company operates a fully-fledged e-commerce platform or primarily uses online channels for marketing and order processing.

Financially, Ground Cover Solutions Ltd presents a mixed picture. Current assets have grown by a healthy 8.3% to £28,000, indicating improved liquidity. However, creditors have decreased by 27% to £9,900, suggesting better debt management. Cash bank on hand increased by 11% to £27,000. On the downside, trade debtors have fallen by 75%, which could indicate a shift in payment terms or a reduction in credit sales. Accumulated depreciation has increased by 30% to £10,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in debtors is something to keep an eye on. The accounts are unaudited, a common practice for small companies.

Overall, Ground Cover Solutions Ltd seems to be navigating a period of change. While asset growth is encouraging, the decrease in debtors could signal a need to review payment collection strategies. It’s a small operation, and the solo founder model can be challenging, but the company’s active status and growing asset base suggest a resilient business.

Registered in Scotland under the registration number SC667986, with a registered address at EH54 9HH, Scotland, Livingston, 1 Nevis Drive, Murieston.

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