Groundline Engineering Limited

Groundline Engineering Ltd from Gerrards Cross UK is a small, active company founded eleven years ago. With twenty-four employees and £1,688,412 in assets, it operates from a virtual address, managed by three directors and two owners. It’s an irregular importer, primarily dealing with optical and medical tools and devices, with its last import operation occurring two months ago in December 2021.

The company’s website showcases a global engineering consultancy focused on keeping the lights on, providing products and services to strengthen, safe, and smarten energy networks. Groundline's work extends beyond consultancy, encompassing design engineering and product development. They’re actively involved in projects ranging from Beauly-Spital case studies to urban reconductoring in New Zealand, and even boast a unique product called THOR, a non-invasive pole testing system. Their website also highlights partnerships with companies like Amokabel to develop wildfire-resistant covered conductors. Client testimonials praise Groundline’s honesty, hard work, and focus on continuous improvement.

Financially, Groundline Engineering Ltd’s report reveals some interesting trends. While cash reserves increased by a healthy 29% to £620,000, net assets only rose 12% to £930,000. Creditors jumped significantly by 78% to £800,000, and trade debtors increased by 61% to £750,000, which could suggest a period of rapid growth or perhaps some challenges in collecting payments. Bank borrowings decreased by 54% to £58,000. The company's small size—meeting two of three criteria to be classified as small—allows for agility, but the increase in creditors warrants attention. No auditor is mentioned, which is likely due to the company’s exemption as a small business. Overall, Groundline Engineering Ltd seems to be growing, but it's important to monitor its debt levels and cash flow closely.

Registered in England/Wales under the registration number 08893929, with a registered address at SL9 7QE, England, Gerrards Cross, Buckinghamshire, 2-4 Packhorse Road.

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