Groves-raines Architects Studios Ltd

Groves Raines Architects Studios Ltd from Edinburgh UK: a small, active company founded six years ago, employs 41 people, and holds £958,679 in assets. It’s a real address with three directors and one owner, who is also the solo founder, and boasts a stellar 5.0 Google rating from four reviews. The company is an irregular importer, bringing in glass and glassware roughly once a month, with the last import occurring in April 2024.

The company operates as an architectural practice, with a website showcasing a diverse portfolio of projects. It’s not an e-commerce site; instead, it functions as an online portfolio and information hub for potential clients. The website highlights recent awards and recognitions, including a place in the House Gardens Top 100 and features in the RIAS Quarterly. It also details ongoing projects, such as the Lerwick Town Hall and Kinloch Lodge, and provides contact information and team member profiles. The site’s design is clean and modern, reflecting the company’s focus on quality and innovation.

Financially, Groves-Raines Architects Studios Ltd presents a mixed picture. While current assets increased by 20% to £960,000, cash bank on hand decreased significantly by 69% to just £13,000. Bank borrowings increased by 300% to £110,000, and trade debtors fell by 86% to £38,000. The company’s average number of employees rose by 17% to 48, which may have contributed to increased expenses. Creditors increased by 39% to £380,000, suggesting a reliance on credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings and decrease in cash reserves raise concerns about its financial health. There’s no auditor mentioned, likely due to its status as a small company.

Registered in Scotland under the registration number SC618686, with a registered address at EH6 6AL, Scotland, Edinburgh, Midlothian, 1 Customs Wharf.

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