Ribbonworks Ltd

Ribbonworks Ltd from Glasgow UK: a small, holding company with an active status, was founded 21 years ago in 2003. Employing six people and holding £614,218 in assets, it’s a family business with a stellar 5.0 Google rating from six reviews. The company regularly imports clothing and accessories (excluding knitted or crocheted items) – 11 months of activity recorded, the last in February 2025 – and occasionally exports similar goods, with two months of activity as of March 2024. It has three directors and three owners, though the owner list isn’t exhaustive.

The company operates in the other retail sale not in stores, stalls or markets industries. Ribbonworks Ltd’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if the company has an e-commerce site or relies solely on wholesale or other sales methods.

Financially, Ribbonworks Ltd shows a mixed picture. Current assets increased by 10% to £610,000, while net assets also increased by 13% to £570,000. Cash reserves grew by 15% to £540,000, a positive sign. However, trade debtors decreased by 23%, suggesting potential issues with collecting payments. Creditors also decreased by 20%, which is good, but bank borrowings increased by 17%, which could be a concern. The company meets two of three conditions to be considered small – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees – and is exempt from an audit.

The company's financial statements are unaudited. It's clear that Ribbonworks Ltd is a stable, family-run operation, but the decrease in debtors should be monitored closely.

Registered in Scotland under the registration number SC253506, with a registered address at G44 3BS, Glasgow, 199 Clarkston Road.

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