New Ground Group Ltd

New Ground Group Ltd from Oxford UK: small company, active status, founded 6 years ago, 11 employees, £172,708 assets, real address, 4 directors, 2 owners. Regular importer of paper and paperboard products (3 months imported). 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 operates in the production of coffee and coffee substitutes industries. It’s a regular importer, with its top import category being Paper and Paperboard Products, totaling 3 months of imports. The last import operation was conducted on February 01, 2022.

New Ground Coffee's website paints a picture of a thriving coffee business. The site is clearly designed for both wholesale and retail customers, with sections dedicated to coffee shop owners and individual consumers. It's an e-commerce operation, showcasing a wide range of coffees—from single-origin beans to blends—along with equipment like grinders and drippers. There's even a subscription service, offering recurring deliveries of coffee tailored to customer preferences. The site also includes a "wholesale" section, highlighting the company’s ability to supply coffee to businesses. There's a strong emphasis on ethical sourcing and sustainability, with a dedicated "B Corp Certified" page detailing the company’s commitment to social and environmental responsibility. The website also features several locations, including a shop street in Oxford, and a blog with brew guides and guest coffees.

Financially, New Ground Group Ltd shows some concerning trends. Current assets have fallen significantly by 50%, dropping to £170,000. Bank borrowings have also decreased by 42%, reaching £6,400. However, creditors have decreased by a substantial 75%, suggesting improved debt management. The number of employees has increased dramatically by 120%, jumping to 24, which could indicate expansion or increased workload. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in assets is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

Overall, New Ground Group Ltd seems to be a growing business with a strong online presence and a commitment to ethical sourcing. However, the financial data suggests it’s burning through cash, and it's important to monitor its ability to maintain its growth trajectory.

Registered in England/Wales under the registration number 11446945, with a registered address at OX3 7BU, England, Oxford, Workshop, R/O Simon House Windmill Road, Headington.

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