Raingear Irrigation Limited

Raingear Irrigation Ltd from Swaffham, UK, is a small, active company established 21 years ago. With six employees and £832,097 in assets, it’s a well-established player in its field. The company boasts a real address, is managed by three directors, and is owned by Freezer Anthony John, all while maintaining a stellar 5.0 Google rating from two reviews. It's a regular importer of machinery, boilers, and mechanical appliances parts, with 12 months of import activity recorded.

The company operates in the support activities for crop production industries, providing irrigation equipment and related services. While a website isn't available for direct analysis, the nature of the business suggests a B2B focus, likely serving agricultural businesses and contractors. It’s probable they supply equipment and parts rather than operate a direct-to-consumer e-commerce platform.

Financially, Raingear Irrigation Ltd presents a mixed picture. Current assets increased by 20% to £830,000, which is a positive sign. However, net assets also increased by 6% to £510,000, and bank borrowings increased by 2.5% to £10,000. Trade debtors increased by 15% to £480,000, suggesting that the company is extending credit to its customers. Trade creditors also increased by 53% to £320,000, which could be due to increased inventory purchases. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in creditors warrants monitoring. As a small company, it’s exempt from an audit, so the financial statements are unaudited. Depreciation on plant machinery decreased by 25%, which could be due to a change in depreciation policy. The company has been around for a while, and it seems like they're doing okay.

Registered in England/Wales under the registration number 04927596, with a registered address at PE37 7PY, Swaffham, Norfolk, Gents Barn Works, Town Farm Lynn Road.

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