Grove Inc Ltd

Grove Inc Ltd, based in Swansea, UK, is a small, active company founded three years ago in 2022. It’s a solo-founded operation with one director and owner, holding £8,036 in assets and operating from a real address. The company’s activities encompass retail sales via mail order and internet, alongside management consultancy services. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees.

The company’s website, The Grove, Inc., focuses on providing food and beverage services in high-volume locations, primarily airports and railway stations across the country. It operates 20 brands, from quick service to casual dining, and boasts 40 years of experience in the nontraditional food and beverage sector. The website highlights partnerships with major brands and emphasizes accessibility, purpose-driven practices, and a commitment to customer service. It seems they are focused on being a partner of choice for brands, investing in their missions and fostering long relationships.

Financially, Grove Inc Ltd presents a mixed picture. Cash reserves increased by a substantial 330% to £2,400, which is good news. However, net assets and liabilities both declined by 7.4% to -£15,000. Current assets decreased by 9.0% to £8,000, and inventories dropped by 32.0% to £5,700. Creditors remained relatively stable, increasing just 1.1% to £23,000. The company’s small size helps it maintain agility, but the decrease in equity suggests potential challenges. The accounts are unaudited and filed as “filleted accounts,” meaning they are exempt from a full audit. There's no auditor mentioned.

Overall, Grove Inc Ltd appears to be navigating a period of change. The increase in cash is encouraging, but the decrease in equity and the reliance on creditors indicate that the company is operating on a tight margin. It’s likely they are still in a growth phase, but it will be important to monitor their financial performance closely.

Registered in England/Wales under the registration number 14021841, with a registered address at SA3 1ER, Wales, Swansea, Riverside, Llanrhidian.

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