B. Rae Contracting Limited

B. Rae Contracting Limited, based in Kelso, UK, is a small, active company established 20 years ago. With five employees and £955,477 in assets, it operates from a virtual address – twelve companies registered at the same location – and is led by four directors, with Kevin Rae as the sole owner and founder. The company maintains a stellar 5.0 Google rating based on three reviews. It’s a regular importer of plastics and plastic products, having imported for seven months, with the last import occurring in July 2024.

The company's website, billraecontracting.co.uk, showcases its expertise in agricultural services, particularly focusing on the AgBag forage storage system. They offer services ranging from direct drilling pasture rejuvenation to milling and mixing feed, catering to farmers and forestry clients. The website highlights the benefits of the AgBag system, emphasizing airtight storage, nutrient preservation, and improved feed quality compared to traditional methods. They also provide a range of agricultural contracting services, including groundworks and vegetation management. The site even mentions a separate venture, the restoration of pianos, which is interesting.

Financially, B. Rae Contracting Limited exhibits a mixed picture. Cash reserves have grown significantly, increasing by 69% to £410,000, which is a positive sign. However, accrued liabilities have also risen substantially, increasing by 200% to £7,200. Trade creditors have increased by 15% to £330,000, and bank borrowings have risen by 34% to £36,000. While net assets have improved by 18% to £930,000, the increase in liabilities suggests the company is taking on more debt. The company is exempt from an audit, and the financial statements are unaudited. It’s a small company, meeting two of three criteria for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's growth in cash reserves is encouraging, but the rise in liabilities warrants close monitoring. It appears B. Rae Contracting Limited is investing in its operations, but managing its debt will be key to its long-term financial health.

Registered in Scotland under the registration number SC279942, with a registered address at TD5 7HW, Kelso, Roxburghshire, 47-49 The Square.

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