Ongrade Limited

Ongrade Limited, based in Eastleigh, UK, is a small, active company founded fifteen years ago in 2009. With thirteen employees and £582,773 in assets, it operates from a virtual address, a detail worth noting as seventy-five companies are registered at the same location. The company is led by three directors and owned by two individuals. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with just two months of import activity recorded in the past two years.

The company’s website, On Grade Earthworks and Stabilisation LTD, focuses on groundwork and soil stabilisation services. It provides a range of services, including bulk earthworks, soil stabilisation, drainage, and civil engineering, catering to commercial and aviation projects. The company boasts over forty years of combined design and build experience, offering bespoke solutions from site clearance to full-scale stabilisation works. It operates nationwide from its offices in Kent.

Financially, Ongrade Limited presents a mixed picture. Current assets have decreased by 16%, dropping to £580,000, while net assets have dramatically increased by 1200%, reaching £140,000. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £21,000. Creditors have decreased by 50%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the large increase in equity raises questions about the source of funds. As a small company, it’s exempt from an audit, so the financial statements are unaudited. It seems like the company is facing pressures.

Registered in England/Wales under the registration number 07042584, with a registered address at SO53 4AR, England, Eastleigh, Hampshire, Highland House Mayflower Close, Chandler's Ford.

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