Raygar Ltd

Raygar Ltd from Cookstown UK: a small, active company founded 14 years ago, employs seven people, and holds £841,124 in assets. It’s a family business with two directors and two owners, and boasts a solid 4.0 Google rating from 26 reviews. Raygar Ltd is a regular importer of furniture, lighting, and prefabricated buildings, with 69 months of import activity recorded.

The company operates in the retail sale via mail order houses or via internet industries. Its website, RayGarDirect.com, showcases a wide range of products, from garden furniture and kids’ go-karts to pet carriers and guitars. It’s clearly an e-commerce business, offering a diverse catalog and aiming for competitive pricing. The site also includes customer reviews, a helpful “Find My Order” section, and details on delivery and returns.

Financially, Raygar Ltd presents a mixed picture. Current assets increased by 7.9% to £840,000, while net assets grew by 5.3% to £800,000. Cash bank on hand saw a significant jump of 41% to £120,000. However, creditors increased by 17% to £210,000, and the number of employees decreased by 14% to six. 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 increase in creditors might suggest a need for careful cash flow management. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

The decrease in employees is notable, and it’s possible the company is streamlining operations or relying more on automation. Overall, Raygar Ltd seems to be holding its own, but keeping an eye on those rising creditors will be important for the future.

Registered in Northern Ireland under the registration number NI606537, with a registered address at BT80 9AR, Northern Ireland, Cookstown, 20 Sandholes Road.

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