GROUNDED RESOURCE LIMITED

Active
Company number 14185779Private limited companyIncorporated 2022

Key figures

£249,115-24.8%
Net assets 2024/25
+206.4%
Average annual growth 2022/23–2024/25
0100 k200 k300 k400 k2022/232023/242024/25

Like most small UK companies, GROUNDED RESOURCE LIMITED does not publish a profit and loss account in its latest accounts. The figures below come from the balance sheet.

Ratios

2024/25

Sector comparison

SIC 61900

Where the company stands among the 8,492 active companies whose first SIC code is 61900 (Other telecommunications activities).

Net assets£249,115
Higher than 81% · median £12,194
Total assets£612,269
Higher than 80% · median £56,954
Cash£1,666
Lower than 83% · median £32,628
Employees25
Higher than 95% · median 1
Company age4.4 years
Younger than 70% · median 9.1 years
Largest in this sector by net assets
  1. BRITISH TELECOMMUNICATIONS LIMITED£25bn
  2. BT GROUP PLC£12.6bn
  3. EE LIMITED£9.3bn
  4. TELEFONICA O2 HOLDINGS LIMITED£7.2bn
  5. CITYFIBRE HOLDCO LIMITED£3.1bn
  6. CABLE & WIRELESS WORLDWIDE LIMITED£1.8bn
  7. VODAFONETHREE HOLDINGS LIMITED£1.5bn
  8. COLT TELECOM FINANCE SWEDEN£1.2bn
  9. CITYFIBRE INFRASTRUCTURE HOLDINGS LIMITED£1bn
  10. TELTHOLD LIMITED£568.2m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 8,492. The line on each bar marks the median.

Summary: GROUNDED RESOURCE LIMITED

What kind of company is it?

GROUNDED RESOURCE LIMITED is a private limited company registered with Companies House under company number 14185779. It was incorporated on 21 Jun 2022. Its status is active. The registered office is in Bolton (BL6). Its nature of business (SIC 2007) is other telecommunications activities (61900).

How is the company doing financially?

The latest accounts in the database are for 2024/25 (period ending 30 Jun 2025); the company files small company accounts (filleted). Net assets were £249,115, down 24.8% on the previous year. Cash at bank and in hand was £1,666. Total assets were £612,269 and total liabilities £363,154. The company had an average of 25 employees. Figures are available for 3 financial years (2022/23–2024/25).

How does it compare with similar companies?

Compared with 8,492 active companies whose first SIC code is 61900: By net assets it ranks higher than 81% of them (median £12,194). By total assets it ranks higher than 80% of them (median £56,954). By cash it ranks lower than 83% of them (median £32,628). By number of employees it ranks higher than 95% of them (median 1). It is younger than 70% of them (median age 9.1 years).

What do public registers and reports show?

It appears on the Home Office register of licensed sponsors (Skilled Worker).

Who runs and controls the company?

The company has 3 current directors. 2 persons with significant control are registered.

When are its next filings due?

The next accounts are due by 31 Mar 2027. The next confirmation statement is due by 30 Apr 2027.

Filed accounts2022/23–2024/25
2022/232023/242024/25
Cash at bank and in hand—107,8931,666
Total assets175,287776,725612,269
Total liabilities148,755445,346363,154
Net assets / total equity26,532331,379249,115
Average number of employees132725

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Principal activity

Accounts 2025

61900

As described in the company's latest filed accounts.

Registers and licences

Sponsor licence‡
Licence type and rating
Worker (A rating)
Route
Skilled Worker

On the Home Office register of licensed sponsors, which lists organisations licensed to sponsor workers from overseas.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

18 events
  1. Christopher Stanley HART appointedDirector
  2. Stephen WALTON appointedDirector
  3. Financial year 2024/25 endedAccounts: net assets £249.1k, 25 employees
  4. Robert Craig STEVENSON resignedDirector
  5. Mr Robert Craig Stevenson ceased to be a person with significant control
  6. Financial year 2023/24 endedAccounts: net assets £331.4k, 27 employees
  7. Name changed to GROUNDED RESOURCE LIMITEDPreviously AVERGE TECHNOLOGIES UK LIMITED
  8. Lee Christopher JONES appointedDirector
Earlier events (10)
  1. Averge Bidco Limited registered as a person with significant control
  2. Mr Lee Christopher Jones registered as a person with significant control
  3. Financial year 2022/23 endedAccounts: net assets £26.5k, 13 employees
  4. Ettiene DE WET VISSER resignedDirector
  5. Mr Ettiene De Wet Visser ceased to be a person with significant control
  6. Ettiene DE WET VISSER appointedDirector
  7. Robert Craig STEVENSON appointedDirector
  8. Mr Robert Craig Stevenson registered as a person with significant control
  9. Mr Ettiene De Wet Visser registered as a person with significant control
  10. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.