Redgray Engineering Ltd

Redgray Engineering Ltd, based in Liverpool, UK, is a small, active company established seven years ago. With 27 employees and £1,951,787 in assets, it operates from a virtual address—a detail flagged by the registration of 277 companies at the same location. The business is led by four directors and one owner, and maintains a respectable Google rating of 4.0 based on a single review. Redgray Engineering Ltd is a regular importer, specializing in machinery, boilers, and mechanical appliances, with eight months of import activity recorded, the most recent in July 2024. The company’s activities are focused on construction installation, building completion, and specialized construction services.

The company’s website, RGE Ltd, highlights its expertise in medical and specialist gas systems, as well as gas detection and storage solutions. It caters to a range of clients, offering services from system installation to disaster recovery. The site lists contact information, accreditation details, and a clear call to action to “Enquire Now” for various services. The website also includes a copyright notice from 2021, suggesting a relatively modern online presence.

Financially, Redgray Engineering Ltd demonstrates a positive trend. Current assets increased by 18% to £2,000,000, while net assets grew by 35% to £1,100,000. Cash bank on hand saw a substantial increase of 51% to £410,000, indicating improved liquidity. Creditors decreased slightly by 4.3%, suggesting better debt management. However, trade debtors increased by 10%, which could indicate challenges in collecting payments. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in debtors warrants monitoring. As a small company, it’s exempt from an audit, relying on unaudited financial statements.

Overall, Redgray Engineering Ltd appears to be financially healthy, demonstrating growth in key areas. The company’s focus on specialized gas systems and its online presence suggest a targeted business model. The increase in debtors, however, is something to keep an eye on.

Registered in England/Wales under the registration number 10907235, with a registered address at L3 5NW, England, Liverpool, Merseyside, Seymour Chambers, 92 London Road.

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