Ramko Hydraulics Ltd

Ramko Hydraulics Ltd, based in Coalisland, UK, is a small, active company founded 14 years ago. With 15 employees and £1,593,249 in assets, it's a solo-founded operation managed by a single director and owner, Morris Barry. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import operation recorded one months ago in May 2023.

The company operates in the manufacture of bearings, gears, gearing and driving elements industries. Its website, Ramko Hydraulics, showcases a range of hydraulic cylinders, from standard models to custom-built solutions. The site emphasizes design, quality, and next-day delivery, catering to diverse applications. It also offers a range of services, including specialized cylinder design, subcontract engineering, and stock cylinder availability. The website has a blog with regular updates, including news on product developments and industry insights.

Financially, Ramko Hydraulics Ltd shows a mixed picture. Cash bank on hand decreased by 42% to £450,000, while bank borrowings increased significantly by 1100% to £75,000. Creditors decreased by 30% to £480,000, suggesting improved debt management. However, net assets increased by only 5.7% to £1,400,000. Trade debtors decreased by 22% to £370,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its small size and exemption from audit.

The sharp increase in bank borrowings could indicate investment in the business or perhaps a temporary cash flow challenge. The decrease in cash reserves, coupled with the increase in borrowings, warrants closer monitoring. Despite these financial pressures, Ramko Hydraulics Ltd appears to be maintaining a steady business with a focus on custom solutions and quality products.

Registered in Northern Ireland under the registration number NI606572, with a registered address at BT71 4QG, Coalisland, Tyrone, 63 Gortgonis Road.

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