Raft Systems Limited

Raft Systems Ltd, based in Waterlooville, UK, is a small, active company with a long history, having been founded 37 years ago in 1987. With seven employees and £71,996 in assets, it’s a modest operation led by two directors and a solo founder. The company holds a stellar 5.0 Google rating from two reviews, and operates from a real address at 16 Victory Avenue. It’s a regular importer of electrical machinery and equipment, with three months of import activity recorded as of September 2023.

The company’s website, while minimal, reveals it operates within the telecommunications sector, providing wired, wireless, and other telecommunications services. It’s a small business, meeting two of three conditions for classification (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees). It’s a private limited company, and the company’s website mentions a focus on industry specific machinery.

Financially, Raft Systems Ltd shows a mixed picture. Current assets have fallen by 48% to £72,000, while net assets have also declined, dropping 19% to £84,000. Bank borrowings have decreased significantly, falling 54% to £20,000, and cash reserves have increased dramatically, rising 1100% to £5,400. Creditors have also decreased, falling 47% to £70,000. The company’s trade debtors have fallen by 24%, suggesting better debt management. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s financial data also reveals a number of other interesting trends. For example, accumulated depreciation impairment property plant equipment has remained constant at £9,200, while average number of employees during the period has also remained constant at seven. Property plant equipment has increased by 53% to £41,000. Overall, Raft Systems Ltd appears to be navigating a period of change, with both challenges and opportunities on the horizon.

Registered in England/Wales under the registration number 02159876, with a registered address at PO8 9PH, England, Waterlooville, 16 Victory Avenue.

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