Margaret Forbes Ltd

Margaret Forbes Ltd, based in Belfast, UK, is a small, family-run business with an active status. Founded nine years ago in 2016, the company employs eleven people and holds £1,366,339 in assets. With a real registered address and three directors and owners at the helm, it’s a tight-knit operation. The firm is an irregular importer of jewelry, precious stones, and metals, with just two months of import activity recorded, the last in 2021. The company's Google rating is 4.0 based on 42 reviews.

The company operates in the retail sale of watches and jewellery in specialised stores. Its website, while not fully developed, suggests a focus on traditional craftsmanship and bespoke designs. The company’s associated website, Forbes Victoria Elizabeth, reveals a different venture: high-end piano restoration. Founded in 1975 and now celebrating its 50th anniversary, the piano division operates from Cambridge and even has a showroom in Harrods, London. The company prides itself on museum-grade restorations, self-play system integrations, and disaster recovery for damaged pianos. Despite the shared "Forbes" branding, it’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, Margaret Forbes Ltd shows mixed signals. Current assets dropped by 13% to £1,400,000, while net assets increased by 8.6% to £920,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 58% to £58,000. On the upside, creditors decreased by 38%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp cash drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Margaret Forbes Ltd is holding steady but facing pressures. Its piano arm, meanwhile, thrives on prestige and heritage—a contrast to the more modest retail operations. Whether the two can sustain each other long-term remains to be seen.

Registered in Northern Ireland under the registration number NI635935, with a registered address at BT1 4GD, United Kingdom, Belfast, 8 Arthur Street.

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