The Breakthrough Group Limited

The Breakthrough Group Limited is a small, active company based in Poundbury, UK, founded 32 years ago in 1993. With eight employees and £1,871,290 in assets, it's a long-standing business operating from a real address. The company is led by three directors and has one owner, Sayle Bartholomew, who is also a director. It’s a solo founder story. The Breakthrough Group is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with its last import operation recorded just one month ago in May 2024. The company operates in the other professional, scientific and technical activities n.e.c. industries.

The company’s website, while not providing detailed e-commerce functionality, does offer a glimpse into its broader activities. It appears to be linked to Breakthrough Global Group Llp, suggesting a wider network of business interests. The company’s focus seems to be on providing professional services, potentially related to the import and distribution of industrial equipment.

Financially, The Breakthrough Group Limited presents a mixed picture. While cash reserves increased by 20% to £1,300,000, net assets only increased by 14% to £510,000. Bank borrowings surged by 2,300%, reaching £29,000, and director loans increased by 2,300% to £160,000. Creditors also increased by 130% to £450,000. Research and development expenses increased by 870% to £48,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt and decrease in equity is concerning. The company’s accounts are unaudited, likely due to its small size and exemption from audit.

It seems the company has been investing in its business, perhaps to expand its import operations or diversify its services. However, the increase in debt suggests it may be facing challenges in managing its cash flow. The increase in director loans is also worth noting, potentially indicating a need for additional funding.

Registered in England/Wales under the registration number 02798003, with a registered address at DT1 3QY, England, Poundbury, Dorset, Mey House, Bridport Road.

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