Ryansmith Ltd

Ryansmith Ltd, based in Co. Tyrone, UK, is a small, active company founded 18 years ago. With nine employees and £582,435 in assets, it operates from a real address and is managed by three directors and two owners. The company is irregular importer of stone, plaster, cement, and similar material products (2 months imported), and a regular exporter of art and antiques (22 months exported).

The business, Ryan and Smith, specializes in the retail sale of antiques, including antique books, and offers restoration services, particularly for fireplaces. The company’s website highlights its expertise in antique fireplace mantels, reproduction fireplaces, and bespoke designs, catering to both domestic and international clients. It also runs a separate division focused on piano restoration, operating from Cambridge with a showroom in Harrods.

Financially, Ryansmith Ltd shows a mixed picture. Current assets have decreased by 18%, falling to £540,000, while net assets remained steady at £1.6 million. Bank borrowings have reduced by 4.7%, down to £5,200, and cash reserves have plummeted 60%, dropping to £98,000. Creditors have also decreased significantly, by 56%, to £43,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The lack of an auditor mentioned suggests the company is exempt from an audit.

The decline in cash reserves is a concern, and the company will need to manage its finances carefully. However, the ongoing export activity and the strong reputation of the fireplace restoration division suggest Ryansmith Ltd has potential for future growth.

Registered in Northern Ireland under the registration number NI061791, with a registered address at BT71 5HX, Co. Tyrone, 1 Northstreet, Stewardstown.

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