Ribble Valley Shelving Limited

Ribble Valley Shelving Ltd from Preston UK is a small, active company founded 40 years ago in 1984. With 13 employees and £294,540 in assets, it’s a well-established business operating from a real address. The company is led by three directors and owned by Shaw Derek, who also acts as the solo founder. It’s an irregular importer and exporter of iron or steel products, with recent activity recorded in March 2024 for imports and October 2023 for exports. The company operates in the manufacture of office and shop furniture industries.

The company’s website reveals it specializes in buying, refurbishing, and supplying secondhand pallet racking and shelving systems. Operating from a 60,000 square foot warehouse near Preston, it caters to industrial, commercial, and consumer clients, stocking a wide range of brands like Apex, Dexion, and Link51. A key differentiator is its investment in a refurbishing plant, offering shotblasting and powder coating services. The company also provides installation and transport services, even boasting a forklift truck on its delivery vehicles. It actively seeks redundant pallet racking for disposal, offering both labour and transport to remove equipment from sites.

Financially, Ribble Valley Shelving Ltd shows a mixed picture. Current assets have fallen by 22%, down to £290,000, while net assets have decreased by 12%, now at £1.5 million. Bank borrowings have increased dramatically, rising by 440% to £65,000, and cash reserves have plummeted 95%, leaving just £4,400. Creditors have also increased, up 69% to £260,000. Despite these challenges, the company’s small size—meeting two of three criteria for a small company—allows it to remain flexible. The company is exempt from audit, so the figures are unaudited.

Overall, Ribble Valley Shelving Ltd appears to be navigating a period of financial pressure. While its refurbishment services and wide product range offer a solid foundation, the company will need to address the declining cash reserves and rising debt to ensure long-term sustainability.

Registered in England/Wales under the registration number 01836410, with a registered address at PR3 3BT, Preston, Lancashire, Unit 1 Shay Lane Ind Estate, Shay Lane Longridge.

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