Kennedy Grinding Limited

Kennedy Grinding Limited, based in Sheffield, UK, is a small, holding company with an active status. Established 45 years ago in 1979, it employs 28 people and holds £94,660 in assets. The company has one director and one owner, and its registered address is real, with only one other company registered at the same location. Regular imports of basic metal tools and utensils have occurred for 27 months, with the last import operation in March 2023. Exports of machinery, boilers, and mechanical appliances, along with their parts, have been ongoing for 4 months, with the most recent shipment also in March 2023.

The company's website, enquiriesfernite.co.uk, reveals a business focused on industrial blade sharpening services. It operates as a supplier of machine knife sharpening, with a strong emphasis on Granulator, Pulveriser, Circular, Guillotine, and Chipper blade sharpening. Beyond sharpening, Kennedy Grinding Limited also offers a range of services including blade sales, conversions, and even restoration of older blades. The website lists multiple contact points across the UK, including Midlands, North East, North West, South East, and South West, and highlights a strong presence in the industry, even mentioning a YouTube channel and LinkedIn presence.

Financially, Kennedy Grinding Limited presents a concerning picture. Current assets have plummeted by a staggering 95%, dropping to just £95,000. Net assets have also seen a dramatic decline, falling 95% to £95,000. Cash reserves have been decimated, decreasing 96% to a mere £22,000. Bank borrowings have remained stable at £10,000, and trade debtors have also decreased. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it doesn’t require an audit, so the figures are unaudited. The sharp drop in assets and cash suggests the company is burning through money, although the stable bank borrowings indicate some level of financial management. The company’s continued operation despite these challenges is a testament to its established customer base and niche expertise.

Registered in England/Wales under the registration number 01423270, with a registered address at S13 9LQ, United Kingdom, Sheffield, 1 Orgreave Road.

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