How much does Gray & Adams (Ireland) Limited make?

Gray & Adams (Ireland) Limited reported revenue of £23.9m and £1.9m profit in the year to 2 May 2025, according to its accounts filed at Companies House.

How many employees does Gray & Adams (Ireland) Limited have?

Gray & Adams (Ireland) Limited reported an average of 69 employees in the year to 2 May 2025.

Is Gray & Adams (Ireland) Limited profitable?

Yes — Gray & Adams (Ireland) Limited reported a profit of £1.9m in the year to 2 May 2025.

Company No. NI015858 · Incorporated 8 Jun 1982

Gray & Adams (Ireland) Limited

Registered name: GRAY & ADAMS (IRELAND) LIMITED

Part of Gray & Adams Holdings Limited group

Gray & Adams (Ireland) Limited made £23.9m revenue and £1.9m profit in the year to 2 May 2025. read from filing text

Gray & Adams (Ireland) Limited’s revenue grew 19% to £23.9m in the year to 2 May 2025, with £1.9m profit and 69 employees. The company is classified under “manufacture of trailers and semi-trailers” and is based in Newtownabbey; we hold 5 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 29202Manufacture of trailers and semi-trailers

Status: Active
Location: Newtownabbey, Northern Ireland
Age: 44 yrs · since 1982
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent company is Gray & Adams Limited, which owns 100% of the issued share capital. Its registered office is South Road, Fraserburgh, Aberdeenshire, AB43 9HU.”

Latest accounts · year to 2 May 2025

Key figures

Capital-lightOperating leverageDoing more with less

Revenue

£23.9m

Growth ▲19.5%

Profit

£1.9m

Growth ▲71.4%

Profit margin

Gross 15.1%

Employees

Change ▼1.4%

Profit / employee

£27.8k

Revenue/employee £347k

Profitable streak

5yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2022	28 Apr 2023	30 Apr 2023	26 Apr 2024	2 May 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.6m	£19.9m	£19.9m	£20m	£23.9m
Cost of sales	£15.7m	£18m	£18m	£17.3m	£20.3m
Gross profit	£1.9m	£1.8m	£1.8m	£2.8m	£3.6m
Operating profit	£659k	£328k	£328k	£1.3m	£2.1m
Profit before tax	£660k	£336k	£336k	£1.3m	£2.1m
Profit after tax	£524k	£264k	£264k	£1.1m	£1.9m
Profit (best available)	£524k	£264k	£264k	£1.1m	£1.9m
Staff costs	£2.8m	£3m	£3m	£3.3m	£3.6m
Employees (average)	70	68	68	70	69
Ratios
Profit margin	3%	1.3%	1.3%	5.6%	8%
Gross margin	10.8%	9.2%	9.2%	13.8%	15.1%
Revenue per employee	£251k	£292k	£292k	£286k	£347k
Profit per employee	£7.5k	£3.9k	£3.9k	£16k	£27.8k
Growth (year on year)
Revenue growth	—	▲13.1%	—	▲0.7%	▲19.5%
Profit growth	—	▼49.5%	—	▲322.8%	▲71.4%
Headcount growth	—	▼2.9%	—	▲2.9%	▼1.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£866k	£705k	£705k	£1.2m	£1.2m
Net assets	£3.1m	£3.4m	£3.4m	£4.5m	£4.9m
Fixed assets	£554k	£492k	£492k	£511k	£618k
Current assets	£5m	£9.9m	£9.9m	£6.8m	£12.3m
Debtors	£1.2m	£5.8m	£5.8m	£2m	£3.1m
Deferred income	£585k	£786k	£786k	£1m	£1.3m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 8%; Profit ÷ revenue.
Gross margin: 15.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £347k; Revenue ÷ average employees.
Profit per employee: £27.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲9%; Now £4.9m
Cash at bank: ▼1%; Now £1.2m
Headcount: ▼1%; Now 69
Deferred income: ▲31%; Now £1.3m
Fixed assets: ▲21%; Now £618k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Gray & Adams Holdings Limitedultimate parent75–100%
Gray & Adams Group Limited75–100%
Gray & Adams Limited75–100%
Gray & Adams (Ireland) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

Gray & Adams (Dunfermline) LimitedRev. £47.4m · Profit £3.8m
Gray & Adams (Doncaster) LimitedRev. £33.7m · Profit £3.7m

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 2 May 2025 (profit £1.9m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.