North East Granite Company Limited

North East Granite Company Limited, based in County Durham, UK, is a small, family-run business with an active status, celebrating 23 years since its founding in 2002. Employing 19 people, the company holds £535,151 in assets and operates from a real address on the Littleburn Industrial Estate. Five directors and two owners—Smith Henry and Smith Robert—lead the operation, which boasts a perfect 5.0 Google rating from five reviews. The company regularly imports glass and glassware, with eight months of import activity recorded.

The company’s website highlights its expertise in monumental masonry, offering both memorial products and architectural stonework. It caters to customers seeking memorials, lawn memorials, and even architectural services, with a focus on quality craftsmanship and adherence to industry standards. The website also features a separate division focused on piano restoration, a venture with a rich history dating back to 1975. This division operates from Cambridge and even has a showroom in Harrods, London, specializing in museum-grade restorations and disaster recovery.

Financially, North East Granite Company Limited presents a mixed picture. Current assets decreased by 23%, falling to £540,000, while net assets also declined by nearly 5%, settling at £120,000. Bank borrowings decreased by 6.8%, dropping to £37,000, and cash reserves fell 22%, ending at £16,000. Creditors decreased by 20%, suggesting better debt management, but trade debtors plummeted 45%, indicating potential issues with customer payments. The company’s small size—meeting two of three conditions for being a small company—allows for agility, but the decrease in equity warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, North East Granite Company Limited appears to be navigating a period of financial adjustment. While its core business in memorial masonry remains active, the decline in key financial metrics suggests a need for careful management and a focus on improving cash flow. The piano restoration division, with its established reputation and prestigious clientele, could offer a source of stability and potential growth.

Registered in England/Wales under the registration number 04402081, with a registered address at DH7 8HJ, County Durham, Littleburn Industrial Estate, Langley Moor.

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