Groundsman Industries Limited

Groundsman Industries Ltd from Co Antrim UK: a small, active company founded 33 years ago, employs 13 people, and holds £548,505 in assets. With five directors and one owner, the company operates from a real address and regularly imports and exports machinery, boilers, and mechanical appliances, parts—with 5 months of import activity and 7 months of export activity recorded. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company manufactures turf cutters, sod cutters, turf aerators, and cable trench insertion machines, selling them globally through a network of dealers. Its website highlights a range of products, from pedestrian machines to tractor-mounted equipment, and emphasizes British craftsmanship. They ship their products globally, including the UK, Ireland, Europe, America, Asia, and beyond. The company’s website also mentions a large dealer network and a focus on design and manufacture that keeps up with the demands of professional users.

Financially, Groundsman Industries Ltd shows a mixed picture. Accumulated amortisation impairment intangible assets increased by 100%, while accumulated depreciation impairment property plant equipment rose by 9.9%. Cash bank on hand decreased by 5.6% to £56,000, and creditors increased, with both short-term and long-term liabilities rising. However, current assets increased by 17%, and net assets also grew by 11%. While bank borrowings increased, it seems to be a sign of growth. The company’s small size and lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s financial data suggests it’s not burning through money rapidly, but it’s also not sitting on a pile of cash. The increase in creditors, while concerning, could reflect increased sales and expansion. The company’s long-standing presence and global reach indicate a resilient business model, even if the numbers aren't spectacular.

Registered in Northern Ireland under the registration number NI025895, with a registered address at BT53 6LG, Co Antrim, N Ireland, 30 Ballybrakes Road, Ballymoney.

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