Faribo Ltd

Faribo Ltd from Belfast UK: a small, active company founded four years ago, holds £254,340 in assets, and operates from a real address. It's managed by one director and one owner. This company is a regular importer of stone, plaster, cement, and similar material products, with three months of import activity recorded as of October 2024. It operates within the “other retail sale in non-specialised stores” industry.

The company’s website reveals a surprising secondary business: Faribo Manufacturing Company, a long-standing provider of custom plastic manufacturing services, particularly rotational molding and vacuum forming. Founded in 1957, this division caters to the food service industry with high-quality outdoor lighting covers and plastic storage containers. It also offers services to clients throughout the United States and Canada, boasting a 52,000 sq. ft. facility near Minneapolis, Minnesota. The company's history is deeply rooted in family ownership, with the current owner working alongside his father since the company's inception.

Financially, Faribo Ltd shows some concerning trends. Current assets have decreased by 10% to £250,000, and net assets have increased by a modest 5% to £140,000. Bank borrowings have significantly decreased by 25%, dropping to £130,000, while cash reserves have fallen by a considerable 92%, leaving just £3,100. Creditors have decreased slightly by 20%, suggesting improved debt management, however. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the sharp drop in cash reserves is something to watch. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

It appears Faribo Ltd is navigating a period of adjustment, with the established manufacturing division providing a stable foundation. Whether the retail side can continue to thrive alongside the larger manufacturing business remains to be seen.

Registered in Northern Ireland under the registration number NI672605, with a registered address at BT8 6WN, United Kingdom, Belfast, 88 Brookhall Heights.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.