Gray & Adams (Dunfermline) Limited
Registered name: GRAY & ADAMS (DUNFERMLINE) LIMITED
Part of Gray & Adams Holdings Limited groupGray & Adams (Dunfermline) Limited made £47.4m revenue and £3.8m profit in the year to 2 May 2025. read from filing text
Gray & Adams (Dunfermline) Limited’s revenue grew 48% to £47.4m in the year to 2 May 2025, with £3.8m profit and 106 employees. The company is classified under “manufacture of trailers and semi-trailers”; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Scotland
- Age
- 43 yrs · since 1983
- 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.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £21.9m | £22m | £22m | £32m | £47.4m |
| Cost of sales | £18.2m | £18.2m | £18.2m | £27.5m | £40.3m |
| Gross profit | £3.7m | £3.8m | £3.8m | £4.5m | £7m |
| Operating profit | £1.7m | £1.2m | £1.2m | £2.3m | £4.2m |
| Profit before tax | £1.7m | £1.2m | £1.2m | £2.3m | £4.2m |
| Profit after tax | £1.3m | £1.2m | £1.2m | £2.1m | £3.8m |
| Profit (best available) | £1.3m | £1.2m | £1.2m | £2.1m | £3.8m |
| Staff costs | £3m | £4.1m | £4.1m | £4.1m | £5.4m |
| Employees (average) | 77 | 77 | 77 | 87 | 106 |
| Ratios | |||||
| Profit margin | 6.1% | 5.5% | 5.5% | 6.4% | 8% |
| Gross margin | 16.8% | 17.2% | 17.2% | 14.1% | 14.9% |
| Revenue per employee | £285k | £286k | £286k | £368k | £447k |
| Profit per employee | £17.3k | £15.7k | £15.7k | £23.6k | £35.8k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲0.4% | — | ▲45.6% | ▲48% |
| Profit growth | — | ▼8.8% | — | ▲69.3% | ▲84.9% |
| Headcount growth | — | 0% | — | ▲13% | ▲21.8% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £560k | £1.4m | £1.4m | £1.4m | £4.5m |
| Net assets | £4.9m | £4.6m | £4.6m | £6.6m | £8.4m |
| Fixed assets | £1.6m | £1.6m | £1.6m | £1.7m | £1.8m |
| Current assets | £7.9m | £7.9m | £7.9m | £13.7m | £19.3m |
| Debtors | £4.1m | £2.3m | £2.3m | £6.2m | £8.6m |
| Deferred income | £402k | £670k | £670k | £660k | £887k |
| 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 |
How the business works
- Profit margin
- 8%
- Profit ÷ revenue.
- Gross margin
- 14.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £447k
- Revenue ÷ average employees.
- Profit per employee
- £35.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 18.2%
- Money owed by customers. Low = customers pay quickly.
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
- ▲27%
- Now £8.4m
- Cash at bank
- ▲222%
- Now £4.5m
- Headcount
- ▲22%
- Now 106
- Deferred income
- ▲34%
- Now £887k
- Fixed assets
- ▲7%
- Now £1.8m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Gray & Adams Holdings Limitedultimate parent75–100%
- Gray & Adams Group Limited75–100%
- Gray & Adams Limited75–100%
- Gray & Adams (Dunfermline) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Gray & Adams (Doncaster) LimitedRev. £33.7m · Profit £3.7m
- Gray & Adams (Ireland) LimitedRev. £23.9m · Profit £1.9m
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- I. W. T. Deeside LimitedManchester · Manufacture of trailers and semi-trailers
- Revenue
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- Brian James Trailers LimitedRugby · Manufacture of trailers and semi-trailers
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- MV Fruehauf LtdAirdrie · Manufacture of trailers and semi-trailers
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- Gray & Adams (Doncaster) LimitedFraserburgh · Manufacture of trailers and semi-trailers
- Revenue
- £33.7m
- Profit
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- Lawrence David LimitedPeterborough · Manufacture of trailers and semi-trailers
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- Crossland Tankers LimitedCo.londonderry · Manufacture of trailers and semi-trailers
- Revenue
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- Profit
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Sources
Latest figures from FullAccounts for the year to 2 May 2025 (profit £3.8m), 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.