GROUNDWISE CONSTRUCTION LTD
Company number 05526614 · Monitor this company
Executive summary
Groundwise Construction Ltd presents significant investment risk due to critically low cash reserves (£5), a material balance sheet error in its filed accounts, and extreme volatility in shareholders' funds over the past decade. While the company benefits from a nearly 20-year operating history and maintains positive net current assets, its near-total reliance on trade debtors to meet obligations creates acute liquidity vulnerability. The unexplained swings in financial position—particularly the £57,225 increase in 2024 followed by a £22,398 decline in 2025—combined with the failure to produce a balanced balance sheet, raise serious concerns about financial oversight and reporting quality that require thorough investigation before any institutional commitment.
Shareholders' funds
£38,690
Balance sheet as at 2025-08-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2005-08-03
- Employees
- 2 (2025 accounts)
- Registered office
- C/O Evans Weir The Victoria, 25 St Pancras, Chichester, West Sussex, England, PO19 7LT
- Postcode
- PO19 7LT
- Capital
- 2 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2025-08-31
- Next due by
- 2027-05-31
- Financial year end
- 31 August
Confirmation statement
- Last statement dated
- 2026-08-03
- Next due by
- 2027-08-17
Nature of business (SIC)
- 41201 Construction of commercial buildings
Officers 2 current · 3 resigned
Previous registered addresses 2
| Address | Changed on |
|---|---|
| AML REGISTRARS LTD, MAYBROOK HOUSE 97 GODSTONE ROAD, CATERHAM, SURREY, CR3 6RE | 2018-04-03 |
| 67 WINDSOR ROAD, CHICHESTER, W SUSSEX, PO19 7XG | 2006-10-18 |
Among its peers
Among the oldest 25%
of 302 similar companies in PO, trading since 2005
Competitors Portsmouth
This company ranks 97 among construction of commercial buildings in Portsmouth.
The class of 2005
17%
of the 1,950 companies in this sector incorporated in 2005 are still active today; 82% have since been dissolved.
A fact about the year, not a forecast for this company.
Businesses that transport or deal in waste must register with the Environment Agency. You can check this company on the official register of waste carriers, brokers and dealers.