GROUNDWORK PROCUREMENT SERVICES LTD Financials
- Company number
- 06951529CopyCopy
- Registered office
- West Clayton Business Centre, Berry Lane, Chorleywood, Hertfordshire WD3 5EX
- Incorporated
- 03/07/2009
Company snapshot
- Status
- Active
- Employees
- 4 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-25.43%vs 20222022: £146.43K
Total Assets
First reported yearCash in Bank
-26.05%vs 20222022: £125.87K
Total Liabilities
First reported yearEmployees
0vs 20222022: 4
In 2023, GROUNDWORK PROCUREMENT SERVICES LTD reported net assets of £109.19K. The same filing shows total assets of £236.92K, cash in bank of £93.08K and total liabilities of £92.05K. Reported headcount was 4 in 2023. Net Assets fell from £146.43K in 2022 to £109.19K in 2023 (-25.43%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-25.43%from £146.43K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures GROUNDWORK PROCUREMENT SERVICES LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-24.6%vs 2021-13.2% a year compound (CAGR)
Cash in Bank
-44.7%vs 2021-25.7% a year compound (CAGR)
Employees
+33.3%vs 2021+1Biggest increase
Employees+33.3%
3 in 2021 to 4 in 2023
Biggest decrease
Cash in Bank-44.7%
£168.38K in 2021 to £93.08K in 2023
GROUNDWORK PROCUREMENT SERVICES LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from GROUNDWORK PROCUREMENT SERVICES LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 61.15%2021
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 38.85%2021
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 182.92%2021
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 71.07%2021
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for GROUNDWORK PROCUREMENT SERVICES LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 144.87K | 146.43K | 109.19K |
| Total Assets£ | 236.92K | – | – |
| Cash in Bank£ | 168.38K | 125.87K | 93.08K |
| Total Liabilities£ | 92.05K | – | – |
| Employees | 3 | 4 | 4 |
GROUNDWORK PROCUREMENT SERVICES LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for GROUNDWORK PROCUREMENT SERVICES LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
GROUNDWORK PROCUREMENT SERVICES LTD reported net assets of £109.19K for 2023. That compares with £146.43K in 2022, a change of -25.43%.
GROUNDWORK PROCUREMENT SERVICES LTD reported total assets of £236.92K for 2021. There is no earlier filing to compare it against.
GROUNDWORK PROCUREMENT SERVICES LTD reported cash in bank of £93.08K for 2023. That compares with £125.87K in 2022, a change of -26.05%.
GROUNDWORK PROCUREMENT SERVICES LTD reported 4 employees in 2023, compared with 4 in 2022.
Between 2021 and 2023, GROUNDWORK PROCUREMENT SERVICES LTD's net assets fell by 24.6%, cash in bank fell by 44.7% and employee numbers rose by 33.3%. Net assets contracted at 13.2% a year across the two years to 2023, from £144.87K to £109.19K. Reported headcount went from 3 in 2021 to 4 in 2023 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.