Ray Property Services Limited

Ray Property Services Limited, based in London, UK, is a small, active company established ten years ago in 2014. It employs 28 people and holds £300,684 in assets. The company, founded by a solo entrepreneur, Raileanu Mihai, is managed by two directors, both named Raileanu Mihai. It operates from a real address and is a irregular importer, primarily dealing in stone, plaster, cement, and similar materials, with its last import activity occurring one month ago in August 2023.

The company's website paints a picture of a local, family-run business serving the Halton Hills, Georgetown, and Acton areas since 1996. It emphasizes providing lawn care, snow removal, junk removal, and other property maintenance services, utilizing Toro lawnmowers and Stihl power equipment. The website also highlights a focus on customer service and earning business through quality work. It offers services such as yard clean-up, snow blower repairs, and mower repairs.

Financially, Ray Property Services Limited presents a mixed picture. While current assets increased slightly to £300,000, net assets decreased by 27% to £130,000. Bank borrowings decreased by 28% to £26,000, and cash reserves plummeted 91% to £25,000. Creditors, however, saw a massive increase of 490%, reaching £210,000 after one year, and a decrease of 86% within one year, suggesting some debt management challenges. Loans from directors also increased significantly, reaching £180,000 after one year, while decreasing to £34,000 within one year. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity warrants attention. There's no auditor mentioned, likely due to its small size, so the figures are unaudited.

It seems like Ray Property Services Limited is navigating some financial headwinds, but its focus on local service and quality work could help it weather the storm.

Registered in England/Wales under the registration number 09302855, with a registered address at E4 8EU, England, London, 106 Hall Lane.

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