Rib Retubes Ltd

Rib Retubes Ltd, based in Hull, UK, is a small, active company established seven years ago. With two employees and £137,894 in assets, it operates from a virtual address, a detail flagged by the registration of 131 other companies at the same location. The company is managed by two directors and two owners, although the owner list isn't exhaustive. It’s a bit of an irregular player, importing ships, boats, and floating structures for two months, and exporting them for just one.

The company’s website, while not fully detailed, suggests a focus on building and repairing pleasure and sporting boats, as well as maintaining ships and boats. It’s a niche operation, and the business seems to be built around craftsmanship and British expertise.

Financially, Rib Retubes Ltd presents a mixed picture. Current assets have increased by 7.5% to £140,000, a positive sign. However, net assets have also increased by 4.3% to £120,000. Bank borrowings have decreased by 44% to £5,000, which is good news. Creditors have risen by 18% to £39,000, and trade debtors have also increased by 18% to £62,000. Cash reserves have increased slightly to £76,000. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is therefore exempt from an audit.

The company’s financial data suggests it's stable, but the rise in both creditors and debtors could indicate challenges in managing cash flow. It’s likely that the company is facing some difficulties, but it’s also benefiting from the demand for its specialized services. The lack of an auditor means the figures are unaudited, and the business’s future hinges on maintaining its niche expertise and managing its finances effectively.

Registered in England/Wales under the registration number 11226785, with a registered address at HU3 6UU, England, Hull, 650 Anlaby Road.

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