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Advanced Grinding Solutions Ltd

08919841

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 80 HOTCHKISS WAY, COVENTRY, CV3 2RL
Incorporated 03/03/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33200
Installation of industrial machinery and equipment

Officers

Louise Boraston

secretary · Since 03/03/2014

Christopher Kenneth Boraston

director · Since 03/03/2014

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 6 other boards

Mrs Louise Margaret Boraston

director · Since 03/03/2014

COMPANY DIRECTOR

ENGLISH · ENGLAND · Age 61

Also on 5 other boards

Persons with Significant Control

Mrs Louise Margaret Boraston

25–50% shares
25–50% votes
Appoint directors

English · England · Age 61

Unit 80, Hotchkiss Way, Coventry, CV3 2RL

Notified 03/03/2017

Mr Christopher Boraston

25–50% shares
25–50% votes
Appoint directors

English · England · Age 61

Unit 80, Hotchkiss Way, Coventry, CV3 2RL

Notified 03/03/2017

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 12/08/2015Registered 17/08/2015

CompanyRankvs 1417+ SIC 33200 peers
59

Financial strength89th percentile among SIC peers · 22/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 1.75× · 16/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1417Advanced Grinding Solutions Ltd
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How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees4/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£660k

Balance sheet strength

Cash

£108k

Cash in the bank

Net Current Assets

£657k

Working capital

Current Assets

£1.5M

Current Liabilities

£872k

Fixed Assets

£4k

Debtors

£1.4M

1avg. employees

Balance Sheet

Assets less current liabilities£660k
Signed by Mr C K Boraston 17/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.75-£126k
20232.65—
20223.52—
20212.12—
20202.08+£207k
20191.46+£221k
20182.74—

Derived from filed accounts. Not audited figures.