GREENRAY TURBINE SOLUTIONS LIMITED Financials
- Company number
- 10673442Copy
Copy - Registered office
- Greenray House Lincoln Fields Business Park, Paving Way, Lincoln LN6 3QW
- Incorporated
- 16/03/2017
Company snapshot
- Status
- Active
- Employees
- 71 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
151.28%vs 20232023: £2.50M
Total Assets
54.42%vs 20232023: £10.37M
Cash in Bank
138.79%vs 20232023: £1.42M
Total Liabilities
23.33%vs 20232023: £7.79M
Employees
+11vs 20232023: 60
In 2024, GREENRAY TURBINE SOLUTIONS LIMITED reported net assets of £6.28M. The same filing shows total assets of £16.01M, cash in bank of £3.39M and total liabilities of £9.60M. Reported headcount was 71 in 2024. Total Assets rose from £10.37M in 2023 to £16.01M in 2024 (54.42%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
151.28%from £2.50M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures GREENRAY TURBINE SOLUTIONS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+362%vs 2022+115% a year compound (CAGR)
Cash in Bank
+12.6%vs 2022+6.1% a year compound (CAGR)
Total Assets
+50.3%vs 2022+22.6% a year compound (CAGR)
Total Liabilities
+4.6%vs 2022+2.3% a year compound (CAGR)
Employees
+16.4%vs 2022+10Biggest increase
Net Assets+362%
£1.36M in 2022 to £6.28M in 2024
Every indicator Okredo holds for GREENRAY TURBINE SOLUTIONS LIMITED rose between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, with cash in bank, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from GREENRAY TURBINE SOLUTIONS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 39.23%2024
- Liabilities to total assets
- 59.96%2024
- Cash to liabilities
- 35.27%2024
- Cash to total assets
- 21.15%2024
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for GREENRAY TURBINE SOLUTIONS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 810.00K | 1.36M | 2.50M | 6.28M |
| Total Assets£ | 9.88M | 10.65M | 10.37M | 16.01M |
| Cash in Bank£ | 3.09M | 3.01M | 1.42M | 3.39M |
| Total Liabilities£ | 8.99M | 9.18M | 7.79M | 9.60M |
| Employees | 59 | 61 | 60 | 71 |
GREENRAY TURBINE SOLUTIONS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has GREENRAY TURBINE SOLUTIONS LIMITED filed financial statements?
Yes. Okredo holds filed figures for GREENRAY TURBINE SOLUTIONS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did GREENRAY TURBINE SOLUTIONS LIMITED report in 2024?
GREENRAY TURBINE SOLUTIONS LIMITED reported net assets of £6.28M for 2024. That compares with £2.50M in 2023, a change of 151.28%.
What total assets did GREENRAY TURBINE SOLUTIONS LIMITED report in 2024?
GREENRAY TURBINE SOLUTIONS LIMITED reported total assets of £16.01M for 2024. That compares with £10.37M in 2023, a change of 54.42%.
What cash in bank did GREENRAY TURBINE SOLUTIONS LIMITED report in 2024?
GREENRAY TURBINE SOLUTIONS LIMITED reported cash in bank of £3.39M for 2024. That compares with £1.42M in 2023, a change of 138.79%.
How many people does GREENRAY TURBINE SOLUTIONS LIMITED employ?
GREENRAY TURBINE SOLUTIONS LIMITED reported 71 employees in 2024, compared with 60 in 2023.
How have GREENRAY TURBINE SOLUTIONS LIMITED financials changed over the last 3 years?
Between 2022 and 2024, GREENRAY TURBINE SOLUTIONS LIMITED's net assets rose by 362%, cash in bank rose by 12.6%, total assets rose by 50.3% and total liabilities rose by 4.6%. Net assets compounded at 115% a year across the two years to 2024, from £1.36M to £6.28M. Reported headcount went from 61 in 2022 to 71 in 2024 (+10).
Which years of GREENRAY TURBINE SOLUTIONS LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.