GRAY & ADAMS (IRELAND) LIMITED
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Cash
£1.2M
-1.3% vs 2024
Net assets
£4.9M
+9.2% highest in 3 filed years
Employees
69
-1.4% vs 2024
Profit before tax
£2.1M
+64.1% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-02
| Metric | Trend | 2023-04-30 | 2024-04-26 | 2025-05-02 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £20,019,216 | £23,917,514 | +19.5% | |
| Operating profit | — | £1,281,103 | £2,093,854 | +63.4% | |
| Profit before tax | £336,274 | £1,301,883 | £2,135,872 | +64.1% | |
| Net profit | £264,464 | £1,118,274 | £1,916,838 | +71.4% | |
| Cash | £705,429 | £1,207,316 | £1,191,865 | -1.3% | |
| Total assets less current liabilities | £3,424,499 | £4,548,818 | £4,988,305 | +9.7% | |
| Net assets | £3,407,059 | £4,525,333 | £4,942,171 | +9.2% | |
| Equity | £3,407,059 | £4,525,333 | £4,942,171 | +9.2% | |
| Average employees | 68 | 70 | 69 | -1.4% | |
| Wages | £2,661,705 | £2,816,098 | £3,134,356 | +11.3% | |
| Directors' remuneration | £258,557 | £190,942 | £207,049 | +8.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-04-30 | 2024-04-26 | 2025-05-02 |
|---|---|---|---|---|
| Operating margin | — | 6.4% | 8.8% | |
| Net margin | — | 5.6% | 8.0% | |
| Return on capital employed | — | 28.2% | 42.0% | |
| Current ratio | — | 2.45x | 1.55x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The period ended 2 May 2025 saw turnover increase from £20,019k to £23,918k. The company has been successful in ensuring that production levels have been maximised as much as possible to satisfy customers demands. This also during a time of political change within the UK which brought a level of uncertainty into the potential trading conditions for the business, however through robust management the company has traded successfully during this time.”
- “Over the last three years turnover and profit before tax have averaged £21.3m and £1.3m respectively. With a strong order book we have prepared a forecast for the full year ended April 2026 and can expect strong levels of activity to continue. In addition, we extended our forecast by a further eight months and we expect business to remain extremely positive.”
- “The change in the UK governing party in 2024 has brought around a change in policies regarding raising additional taxes from areas such as Employers National Insurance Contributions, and this has been closely monitored by the business to ensure that any impacts caused by this are minimised.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SUTHERLAND, Andrew | Secretary | 2022-05-31 | — | — |
| GRAY, James J | Director | 2005-02-21 | Jul 1955 | British |
| GRAY, Peter | Director | 1982-06-08 | May 1958 | Scottish |
| POTTER, Geoffrey Wilson | Director | 2019-12-20 | Jul 1966 | British |
| SUTHERLAND, Andrew | Director | 2022-10-14 | Apr 1986 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MITCHELL, Paul Watt | Secretary | 2011-11-16 | 2013-04-30 |
| SMITH, Derek | Secretary | 2010-03-15 | 2011-11-16 |
| SMITH, John | Secretary | 2013-04-30 | 2022-05-14 |
| WATT, James | Secretary | 1982-06-08 | 2010-03-15 |
| ADAMS, James Gunn | Director | 1982-06-08 | 1999-08-05 |
| DOUGAN, William | Director | 2003-03-25 | 2019-12-20 |
| GRANT, Mark Alexander | Director | 2013-08-12 | 2022-05-09 |
| GRAY, James | Director | 1982-06-08 | 2005-01-08 |
| GRAY, James J | Director | 1982-06-08 | 2004-12-31 |
| GRAY, Lewis Beedie | Director | 1982-06-08 | 2015-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gray & Adams Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 130 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-26 | AA | accounts | Accounts with accounts type full | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-26 | AA | accounts | Accounts with accounts type full | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-28 | AA | accounts | Accounts with accounts type full | |
| 2023-06-22 | CH01 | officers | Change person director company with change date | |
| 2023-01-07 | AA | accounts | Accounts with accounts type full | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-06-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-31 | AA | accounts | Accounts with accounts type full | |
| 2021-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-18 | AA | accounts | Accounts with accounts type full | |
| 2020-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-02 | AA | accounts | Accounts with accounts type full | |
| 2019-12-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.