The Preparation Group Limited

The Preparation Group Limited, based in Lincoln, UK, is a small, active company founded 27 years ago in 1997. With three employees and £169,749 in assets, it operates from a real address and is managed by three directors, with one owner, Glew Tracey Jain. It boasts a stellar 5.0 Google rating based on 15 reviews. The company regularly imports basic metal tools and utensils, with its last import operation recorded four months ago in December 19.

The company’s website, preparationgroup.co.uk, positions itself as a centre of expertise in surface preparation. It manufactures and sells shotblasters, grinders, planers, and multi-strippers, alongside accessories and offering contracting services, equipment hire, training, and technical support. The site also highlights its UK-leading training hub and offers a range of technical guides and blog posts. It’s clear the company caters to both equipment buyers and those seeking professional surface preparation services.

Financially, The Preparation Group Limited shows a mixed picture. Current assets have decreased by 17% to £170,000, while net assets remain steady at £310,000. Bank borrowings have remained the same, at £27,000, and cash reserves have fallen by 36% to £2,700. Creditors have also decreased by 23%, suggesting improved debt management. The company meets two of the three conditions to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—allowing it to avoid a full audit, and relying on unaudited statements.

The company’s financial data also reveals some interesting trends. Accrued liabilities have fallen significantly, by 62%, while advances to directors have increased by 13%. Investments in subsidiaries remain consistent. It's possible that the company is managing its short-term obligations more effectively, but the decline in cash reserves warrants attention. The lack of any auditor mentioned suggests a focus on keeping overheads low, which is common for small businesses.

Registered in England/Wales under the registration number 03446892, with a registered address at LN2 4JB, Lincoln, Lincolnshire, Preparation House, Deacon Road.

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