Ray Grahams Ltd

Ray Grahams Ltd, based in Co Down, UK, is a small, active holding company established 47 years ago. Employing 32 people and holding assets valued at £3,681,205, the company operates from a real address and is overseen by four directors and one owner. It has a stellar 5.0 Google rating from over 2,000 reviews. The business regularly imports machinery, boilers, and mechanical appliances—parts, with a recent import operation recorded seven months ago.

Beyond its core business, Ray Grahams Ltd appears to be a diverse supplier of building materials and related products. Its website showcases an extensive range, from tools and fire parts to electrical fittings and decorative items. The site functions as an e-commerce platform, allowing customers to browse and purchase products online. It also features a blog with industry news and advice.

Financially, the company’s recent performance presents a mixed picture. While current assets increased by a respectable 24% to £3.7 million, net assets experienced a significant drop of 28% to £3.2 million. Bank borrowings surged by a considerable 220%, reaching £1.1 million, and cash reserves declined by 36% to £710,000. However, trade creditors decreased by 38%, suggesting improved debt management. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is likely due to its small size.

The increase in borrowings and decrease in cash reserves could indicate the company is investing in growth or facing increased operating costs. The drop in net assets, however, raises concerns about equity erosion. Despite these challenges, the company’s strong Google rating and diverse product offering suggest a loyal customer base. The company’s financial reports were prepared by Caseware UK (AP4) 2024.0.164.

Registered in Northern Ireland under the registration number NI012773, with a registered address at BT23 7HB, Co Down, 47 - 59 Donaghadee Road, Newtownards.

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