George Rye & Sons Limited
- Active
- Large
- 50 years
- 0 employees
- £5,949,689 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Real address
- 4 directors
- 2 owners
- Family business
- Cramlington
- E-commerce
- Rating 4.0 (6)
Two conditions of three:
1.Turnover > £36 million
2.Balance sheet total > £18 million
3.Average number of employees > 250
Field of Operation
Website
Summary
George Rye & Sons Ltd, based in Cramlington, UK, is a sizable family business with an active status, celebrating 49 years since its establishment in 1975. Employing 40 people, the company holds assets totaling £5,775,311. It operates from a real address and is managed by four directors and two owners. The company’s core activity involves wholesale of clothing and footwear, and it runs an e-commerce site with a respectable Google rating of 4.0 based on six reviews. They are regular importers and exporters of footwear and related items, with 674 months of import activity and 11 months of export activity recorded.
The company's website, GRS Footwear Trade Site, caters to trade customers, allowing them to check stock levels and place orders with account numbers and passwords. They distribute brands like Lunar, Grisport, and Goodyear from a newly built distribution centre in Northumberland, offering a 24-hour instock delivery service. The site showcases a wide range of footwear, including boots, trainers, sandals, and wellingtons, alongside accessories like handbags and shoe care products. They also supply Lazy Dogz and Jenkins brands.
Financially, George Rye & Sons Ltd presents a mixed picture. Current assets increased by 8.9% to £5,800,000, while net assets grew by 15% to £4,100,000. However, bank borrowings decreased by 43%, and cash reserves fell by 50% to £1,400,000. Creditors decreased by 14%, suggesting improved debt management. The company is classified as large, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts were audited by Robson Laidler Accountants Limited.
The company's growth in assets and net assets is encouraging, but the decline in cash reserves warrants attention. The decrease in bank borrowings is a positive sign, indicating reduced reliance on external financing. The audit firm’s involvement adds a layer of assurance to the financial reporting, but the company's continued success will depend on maintaining a healthy cash flow and adapting to the evolving footwear market.
Registered in England/Wales under the registration number 01222255, with a registered address at NE23 1WQ, Cramlington, Northumberland, Lunar House, Unit 1 Easter Park, Baker Road Nelson Park West.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 50%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- N/A
-
Resident of United Kingdom
-
Individual
- N/A
- 2
-
Resident of United Kingdom
-
Individual
- N/A
-
Resident of United Kingdom
-
Individual
- 23 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted ten months ago.
Last news
-
Satisfaction of charge 012222550011 in fullDownload 1 page pdf report
-
Full accounts made up to 2024-12-31Download 28 pages pdf report
-
Confirmation statement made on 2025-07-14 with updatesDownload 5 pages pdf report
Importer profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Import HS codes in detail
Last imported products
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Export HS codes in detail
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
FAQ about George Rye & Sons Limited
Looking for leads in the UK?
Book a demo—see how CorpSignals can help you find UK leads.