Ridley Wallace Limited

Ridley Wallace Ltd from Bishop Auckland UK is a small company with an active status, having been founded 22 years ago. It employs just one person and holds £4,887 in assets, with two directors and two owners reported. The company operates from a real address and is registered with Companies House.

The business specializes in the manufacture of fabricated metal products, alongside the wholesale of hardware and plumbing supplies, and the retail sale via internet. Its website showcases a range of traditional steel gutter brackets, catering to both cast iron and PVC gutters, as well as offering gutter fixing accessories. The site has a clean, professional look, and includes a blog and gallery, suggesting a focus on customer engagement.

Financially, Ridley Wallace Ltd’s report shows some concerning trends. While the company is small, meeting two of three criteria for a small business, its net assets have fallen significantly, dropping 5.7% to -£410,000. Cash reserves are minimal, at just £2, while bank borrowings have increased by 10% to £17,000. Creditors have also risen, increasing 5.3% to £360,000. Disposals of plant machinery have been consistent, but not significant. The lack of auditor information, as is common for small, exempt companies, means these figures are unaudited.

Overall, Ridley Wallace Ltd appears to be facing financial pressures, despite its established presence and niche product offering. The company’s reliance on a single employee and its declining equity raise questions about its long-term sustainability. The business seems to be operating at a loss, and the increase in bank borrowings suggests it's burning through cash.

Registered in England/Wales under the registration number 04484264, with a registered address at DL14 0QB, England, Bishop Auckland, County Durham, West Tees Depot Gordon Lane, Ramshaw.

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