rays manufacturing ltd
rays manufacturing ltd Company Information
Company Number
10550572
Next Accounts
Mar 2025
Shareholders
sun rays west limited
Group Structure
View All
Industry
Manufacture of ice cream
Registered Address
the food space c/o rays manufact, unit 18 aspen close, swindon, SN2 8AJ
Website
www.rayswholesale.co.ukrays manufacturing ltd Estimated Valuation
Pomanda estimates the enterprise value of RAYS MANUFACTURING LTD at £296.4k based on a Turnover of £499.3k and 0.59x industry multiple (adjusted for size and gross margin).
rays manufacturing ltd Estimated Valuation
Pomanda estimates the enterprise value of RAYS MANUFACTURING LTD at £0 based on an EBITDA of £-35.7k and a 3.7x industry multiple (adjusted for size and gross margin).
rays manufacturing ltd Estimated Valuation
Pomanda estimates the enterprise value of RAYS MANUFACTURING LTD at £0 based on Net Assets of £-10.3k and 2.83x industry multiple (adjusted for liquidity).
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Rays Manufacturing Ltd Overview
Rays Manufacturing Ltd is a live company located in swindon, SN2 8AJ with a Companies House number of 10550572. It operates in the manufacture of ice cream sector, SIC Code 10520. Founded in January 2017, it's largest shareholder is sun rays west limited with a 100% stake. Rays Manufacturing Ltd is a young, micro sized company, Pomanda has estimated its turnover at £499.3k with high growth in recent years.
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Rays Manufacturing Ltd Health Check
Pomanda's financial health check has awarded Rays Manufacturing Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £499.3k, make it smaller than the average company (£22.8m)
- Rays Manufacturing Ltd
£22.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (5.9%)
- Rays Manufacturing Ltd
5.9% - Industry AVG
Production
with a gross margin of 32.2%, this company has a comparable cost of product (32.2%)
- Rays Manufacturing Ltd
32.2% - Industry AVG
Profitability
an operating margin of -7.7% make it less profitable than the average company (4.2%)
- Rays Manufacturing Ltd
4.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (83)
6 - Rays Manufacturing Ltd
83 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has an equivalent pay structure (£38.4k)
- Rays Manufacturing Ltd
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £83.2k, this is less efficient (£236.3k)
- Rays Manufacturing Ltd
£236.3k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (35 days)
- Rays Manufacturing Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (30 days)
- Rays Manufacturing Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (59 days)
- Rays Manufacturing Ltd
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Rays Manufacturing Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 135%, this is a higher level of debt than the average (54.4%)
135% - Rays Manufacturing Ltd
54.4% - Industry AVG
RAYS MANUFACTURING LTD financials
Rays Manufacturing Ltd's latest turnover from June 2023 is estimated at £499.3 thousand and the company has net assets of -£10.3 thousand. According to their latest financial statements, Rays Manufacturing Ltd has 6 employees and maintains cash reserves of £8 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 6 | 5 | 5 | 2 | 2 | 2 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,931 | 6,360 | 8,721 | 13,271 | 16,516 | 24,303 | 2,489 |
| Intangible Assets | 0 | 300 | 600 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 2,400 | 0 |
| Total Fixed Assets | 2,931 | 6,660 | 9,321 | 13,271 | 16,516 | 26,703 | 2,489 |
| Stock & work in progress | 13,700 | 13,656 | 16,276 | 0 | 11,068 | 8,652 | 0 |
| Trade Debtors | 11,864 | 1,991 | 1,457 | 34,960 | 1,892 | 4,025 | 15,473 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 1,108 |
| Misc Debtors | 983 | 11,887 | 11,076 | 461 | 3,410 | 1,061 | 2,400 |
| Cash | 8 | 13,887 | 18,914 | 0 | 2,511 | 3,697 | 27,432 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,555 | 41,421 | 47,723 | 35,421 | 18,881 | 17,435 | 46,413 |
| total assets | 29,486 | 48,081 | 57,044 | 48,692 | 35,397 | 44,138 | 48,902 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,704 | 5,678 | 377 | 26,049 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 36,570 | 0 | 2,898 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 30,111 | 13,336 | 14,364 | 0 | 1,282 | 32,541 | 5,030 |
| total current liabilities | 39,815 | 19,014 | 14,741 | 26,049 | 37,852 | 32,541 | 37,928 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 18,900 | 0 | 0 | 0 |
| provisions | 0 | 1,208 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 1,208 | 0 | 18,900 | 0 | 0 | 0 |
| total liabilities | 39,815 | 20,222 | 14,741 | 44,949 | 37,852 | 32,541 | 37,928 |
| net assets | -10,329 | 27,859 | 42,303 | 3,743 | -2,455 | 11,597 | 10,974 |
| total shareholders funds | -10,329 | 27,859 | 42,303 | 3,743 | -2,455 | 11,597 | 10,974 |
| Jun 2023 | Jun 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 2,523 | 1,683 | 8,245 | 8,171 | 7,460 | 829 | |
| Amortisation | 300 | 300 | 300 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 44 | -2,620 | 16,276 | -11,068 | 2,416 | 8,652 | 0 |
| Debtors | -1,031 | 1,345 | -22,888 | 30,119 | -2,184 | -11,495 | 18,981 |
| Creditors | 4,026 | 5,301 | -25,672 | 26,049 | 0 | 0 | 0 |
| Accruals and Deferred Income | 16,775 | -1,028 | 14,364 | -1,282 | -31,259 | 27,511 | 5,030 |
| Deferred Taxes & Provisions | -1,208 | 1,208 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -36,570 | 36,570 | -2,898 | 2,898 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -18,900 | 18,900 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -13,879 | -5,027 | 18,914 | -2,511 | -1,186 | -23,735 | 27,432 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -30,000 | 30,000 |
| change in cash | -13,879 | -5,027 | 18,914 | -2,511 | -1,186 | 6,265 | -2,568 |
rays manufacturing ltd Credit Report and Business Information
Rays Manufacturing Ltd Competitor Analysis
Perform a competitor analysis for rays manufacturing ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in SN2 area or any other competitors across 12 key performance metrics.
rays manufacturing ltd Ownership
RAYS MANUFACTURING LTD group structure
Rays Manufacturing Ltd has no subsidiary companies.
Ultimate parent company
RAYS MANUFACTURING LTD
10550572
rays manufacturing ltd directors
Rays Manufacturing Ltd currently has 2 directors. The longest serving directors include Mrs Leanne Masi (Jul 2022) and Mr Winston Matthews (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Leanne Masi | England | 37 years | Jul 2022 | - | Director |
| Mr Winston Matthews | United Kingdom | 59 years | Jul 2022 | - | Director |
P&L
June 2023turnover
499.3k
+27%
operating profit
-38.5k
0%
gross margin
32.3%
+24.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-10.3k
-1.37%
total assets
29.5k
-0.39%
cash
8
-1%
net assets
Total assets minus all liabilities
Similar Companies
rays manufacturing ltd company details
company number
10550572
Type
Private limited with Share Capital
industry
10520 - Manufacture of ice cream
incorporation date
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
TC GROUP
auditor
-
address
the food space c/o rays manufact, unit 18 aspen close, swindon, SN2 8AJ
Bank
-
Legal Advisor
-
rays manufacturing ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to rays manufacturing ltd.
rays manufacturing ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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rays manufacturing ltd Companies House Filings - See Documents
| date | description | view/download |
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