George Rye & Sons Limited

George Rye & Sons Ltd, based in Cramlington, UK, is a sizable family business with an active status, celebrating 49 years since its establishment in 1975. Employing 40 people, the company holds assets totaling £5,775,311. It operates from a real address and is managed by four directors and two owners. The company’s core activity involves wholesale of clothing and footwear, and it runs an e-commerce site with a respectable Google rating of 4.0 based on six reviews. They are regular importers and exporters of footwear and related items, with 674 months of import activity and 11 months of export activity recorded.

The company's website, GRS Footwear Trade Site, caters to trade customers, allowing them to check stock levels and place orders with account numbers and passwords. They distribute brands like Lunar, Grisport, and Goodyear from a newly built distribution centre in Northumberland, offering a 24-hour instock delivery service. The site showcases a wide range of footwear, including boots, trainers, sandals, and wellingtons, alongside accessories like handbags and shoe care products. They also supply Lazy Dogz and Jenkins brands.

Financially, George Rye & Sons Ltd presents a mixed picture. Current assets increased by 8.9% to £5,800,000, while net assets grew by 15% to £4,100,000. However, bank borrowings decreased by 43%, and cash reserves fell by 50% to £1,400,000. Creditors decreased by 14%, suggesting improved debt management. The company is classified as large, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts were audited by Robson Laidler Accountants Limited.

The company's growth in assets and net assets is encouraging, but the decline in cash reserves warrants attention. The decrease in bank borrowings is a positive sign, indicating reduced reliance on external financing. The audit firm’s involvement adds a layer of assurance to the financial reporting, but the company's continued success will depend on maintaining a healthy cash flow and adapting to the evolving footwear market.

Registered in England/Wales under the registration number 01222255, with a registered address at NE23 1WQ, Cramlington, Northumberland, Lunar House, Unit 1 Easter Park, Baker Road Nelson Park West.

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