Ribbons Limited

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ribbons limited Company Information

Live

MatureSmallHealthy

Company Number

01905537

Next Accounts

Sep 2025

Industry

Manufacture of other technical and industrial textiles

Directors

David Edwards

Godfrey Codrington

View All

Shareholders

hamsard one thousand & sixty nine ltd

Group Structure

View All

Contact

Registered Address

units a b c d, treorchy industrial estate, treorchy, mid glamorgan, CF42 6EJ

Website

www.ribbons.co.uk

ribbons limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of RIBBONS LIMITED at £1.4m based on Net Assets of £1.1m and 1.29x industry multiple (adjusted for liquidity).

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Ribbons Limited is a live company located in treorchy, CF42 6EJ with a Companies House number of 01905537. It operates in the manufacture of other technical and industrial textiles sector, SIC Code 13960. Founded in April 1985, it's largest shareholder is hamsard one thousand & sixty nine ltd with a 100% stake. Ribbons Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ribbons Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

5 Regular

7 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£14.8m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (4.4%)

EXPORT

Ribbons Limited's latest turnover from December 2023 is estimated at £4.6 million and the company has net assets of £1.1 million. According to their latest financial statements, Ribbons Limited has 52 employees and maintains cash reserves of £48.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,594,783	4,656,435	5,144,394	4,002,885	3,656,423	4,532,178	4,385,554	4,207,771	4,309,571	3,511,691	3,482,938	3,376,148	3,622,450	3,466,100	2,843,287
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,324,956	3,622,297	3,840,534	2,931,589	2,709,369	3,375,774	3,261,947	3,110,940	3,241,416	2,385,000	2,413,882	2,377,593	2,435,834	2,372,714	1,739,628
Gross Profit	1,269,827	1,034,138	1,303,860	1,071,296	947,054	1,156,405	1,123,607	1,096,831	1,068,155	1,126,691	1,069,056	998,555	1,186,616	1,093,386	1,103,659
Admin Expenses	1,227,874	880,848	1,157,867	915,054	906,127	1,069,233	1,078,962	945,125	1,039,153	1,114,752	1,047,854	1,140,274	1,132,666	1,162,734	1,074,239
Operating Profit	41,953	153,290	145,993	156,242	40,927	87,172	44,645	151,706	29,002	11,939	21,202	-141,719	53,950	-69,348	29,420
Interest Payable	89,872	72,200	24,693	22,295	38,048	38,199	31,319	30,794	31,472	16,385	17,266	21,844	24,660	11,012	8,772
Interest Receivable	8,017	10,701	757	390	2,816	989	124	12	8	0	32	50	60	1	76
Pre-Tax Profit	-39,902	91,790	122,057	134,337	5,695	49,962	13,449	120,924	-2,463	-4,446	3,968	-163,513	29,350	-80,359	20,724
Tax	0	-17,440	-23,191	-25,524	-1,082	-9,493	-2,555	-24,185	0	1,399	0	-14,006	-5,264	16,265	5,884
Profit After Tax	-39,902	74,350	98,866	108,813	4,613	40,469	10,894	96,739	-2,463	-3,047	3,968	-177,519	24,086	-64,094	26,608
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-39,902	74,350	98,866	108,813	4,613	40,469	10,894	96,739	-2,463	-3,047	3,968	-177,519	24,086	-64,094	26,608
Employee Costs	2,017,323	1,974,713	1,871,918	1,730,129	1,755,619	2,120,629	2,003,174	1,876,870	1,859,458	1,134,270	1,067,083	1,046,867	1,127,114	1,173,971	1,011,265
Number Of Employees	52	53	50	47	49	59	59	57	57	60	59	60	63	60	59
EBITDA*	95,994	186,250	171,037	174,851	60,122	108,433	69,158	175,762	48,315	30,495	48,662	-112,399	87,309	-31,150	74,646

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	229,365	236,311	188,833	72,414	63,569	59,346	68,073	73,007	92,193	69,887	83,908	93,228	119,749	141,827	170,526
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	229,365	236,311	188,833	72,414	63,569	59,346	68,073	73,007	92,193	69,887	83,908	93,228	119,749	141,827	170,526
Stock & work in progress	778,326	924,095	1,077,730	589,937	477,434	549,377	675,975	657,284	626,555	811,794	640,340	687,267	791,349	661,280	546,779
Trade Debtors	811,984	939,755	992,767	699,069	659,866	833,484	804,981	747,122	721,412	698,971	714,111	616,795	651,684	628,461	579,511
Group Debtors	267,017	302,813	233,849	285,218	337,504	287,379	201,702	201,702	201,702	201,702	201,702	201,702	201,702	201,702	201,702
Misc Debtors	34,686	63,284	60,952	47,899	29,245	30,440	19,177	18,729	26,877	20,814	73,594	63,830	89,022	141,432	74,491
Cash	48,683	256,740	354,717	250,578	529,851	221,061	42,727	6,855	3,126	0	102,143	137,625	174,822	166,187	100,138
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,005
total current assets	1,940,696	2,486,687	2,720,015	1,872,701	2,033,900	1,921,741	1,744,562	1,631,692	1,579,672	1,733,281	1,731,890	1,707,219	1,908,579	1,799,062	1,505,626
total assets	2,170,061	2,722,998	2,908,848	1,945,115	2,097,469	1,981,087	1,812,635	1,704,699	1,671,865	1,803,168	1,815,798	1,800,447	2,028,328	1,940,889	1,676,152
Bank overdraft	215,815	523,432	420,969	115,868	471,106	183,278	36,666	43,924	0	5,541	0	6,446	0	347,342	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	97,222
Trade Creditors	340,260	314,685	502,471	220,230	257,861	323,686	405,568	342,594	370,114	477,603	423,598	373,253	397,292	478,840	362,532
Group/Directors Accounts	35,000	0	0	0	0	0	102	3,371	7,464	67,138	111,427	162,748	162,748	162,748	162,748
other short term finances	341,542	388,942	0	0	0	472,964	438,921	444,156	497,339	465,502	448,904	432,407	453,829	0	0
hp & lease commitments	15,469	4,398	4,398	18,325	1,941	4,393	4,393	3,919	3,444	0	0	0	0	0	0
other current liabilities	82,177	280,777	808,198	491,608	520,290	153,483	120,094	66,187	79,712	91,365	125,009	130,495	141,842	103,428	141,025
total current liabilities	1,030,263	1,512,234	1,736,036	846,031	1,251,198	1,137,804	1,005,744	904,151	958,073	1,107,149	1,108,938	1,105,349	1,155,711	1,092,358	763,527
loans	50,667	77,333	109,333	144,000	0	0	0	0	0	0	7,794	0	0	0	0
hp & lease commitments	733	5,131	9,529	0	0	1,625	5,702	10,253	20,236	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	51,400	82,464	118,862	144,000	0	1,625	5,702	10,253	20,236	0	7,794	0	0	0	0
total liabilities	1,081,663	1,594,698	1,854,898	990,031	1,251,198	1,139,429	1,011,446	914,404	978,309	1,107,149	1,116,732	1,105,349	1,155,711	1,092,358	763,527
net assets	1,088,398	1,128,300	1,053,950	955,084	846,271	841,658	801,189	790,295	693,556	696,019	699,066	695,098	872,617	848,531	912,625
total shareholders funds	1,088,398	1,128,300	1,053,950	955,084	846,271	841,658	801,189	790,295	693,556	696,019	699,066	695,098	872,617	848,531	912,625

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	41,953	153,290	145,993	156,242	40,927	87,172	44,645	151,706	29,002	11,939	21,202	-141,719	53,950	-69,348	29,420
Depreciation	54,041	32,960	25,044	18,609	19,195	21,261	24,513	24,056	19,313	18,556	27,460	29,320	33,359	38,198	45,226
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-17,440	-23,191	-25,524	-1,082	-9,493	-2,555	-24,185	0	1,399	0	-14,006	-5,264	16,265	5,884
Stock	-145,769	-153,635	487,793	112,503	-71,943	-126,598	18,691	30,729	-185,239	171,454	-46,927	-104,082	130,069	114,501	546,779
Debtors	-192,165	18,284	255,382	5,571	-124,688	125,443	58,307	17,562	28,504	-67,920	107,080	-60,081	-29,187	115,891	855,704
Creditors	25,575	-187,786	282,241	-37,631	-65,825	-81,882	62,974	-27,520	-107,489	54,005	50,345	-24,039	-81,548	116,308	362,532
Accruals and Deferred Income	-198,600	-527,421	316,590	-28,682	366,807	33,389	53,907	-13,525	-11,653	-33,644	-5,486	-11,347	38,414	-37,597	141,025
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	260,903	-411,046	3,502	-35,060	556,653	51,602	106,486	62,241	85,908	-51,279	33,368	2,372	-61,971	-166,566	-818,396
Investing Activities
capital expenditure	-47,095	-80,438	-141,463	-27,454	-23,418	-12,534	-19,579	-4,870	-41,619	-4,535	-18,140	-2,799	-11,281	-9,499	-215,752
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-47,095	-80,438	-141,463	-27,454	-23,418	-12,534	-19,579	-4,870	-41,619	-4,535	-18,140	-2,799	-11,281	-9,499	-215,752
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	-97,222	97,222
Group/Directors Accounts	35,000	0	0	0	0	-102	-3,269	-4,093	-59,674	-44,289	-51,321	0	0	0	162,748
Other Short Term Loans	-47,400	388,942	0	0	-472,964	34,043	-5,235	-53,183	31,837	16,598	16,497	-21,422	453,829	0	0
Long term loans	-26,666	-32,000	-34,667	144,000	0	0	0	0	0	-7,794	7,794	0	0	0	0
Hire Purchase and Lease Commitments	6,673	-4,398	-4,398	16,384	-4,077	-4,077	-4,077	-9,508	23,680	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	886,017
interest	-81,855	-61,499	-23,936	-21,905	-35,232	-37,210	-31,195	-30,782	-31,464	-16,385	-17,234	-21,794	-24,600	-11,011	-8,696
cash flow from financing	-114,248	291,045	-63,001	138,479	-512,273	-7,346	-43,776	-97,566	-35,621	-51,870	-44,264	-43,216	429,229	-108,233	1,137,291
cash and cash equivalents
cash	-208,057	-97,977	104,139	-279,273	308,790	178,334	35,872	3,729	3,126	-102,143	-35,482	-37,197	8,635	66,049	100,138
overdraft	-307,617	102,463	305,101	-355,238	287,828	146,612	-7,258	43,924	-5,541	5,541	-6,446	6,446	-347,342	347,342	0
change in cash	99,560	-200,440	-200,962	75,965	20,962	31,722	43,130	-40,195	8,667	-107,684	-29,036	-43,643	355,977	-281,293	100,138

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIBBONS LIMITED group structure

Ribbons Limited has no subsidiary companies.

Ultimate parent company

MANDACO 502 LIMITED

06118279

HAMSARD ONE THOUSAND AND SIXTY NINE LIMITED

03486011

2 parents

RIBBONS LIMITED

01905537

RIBBONS LIMITED Shareholders

hamsard one thousand & sixty nine ltd

100%

Ribbons Limited currently has 5 directors. The longest serving directors include Mr David Edwards (Jun 1992) and Mr Godfrey Codrington (Jun 1992).

officer	age	start	end	role
Mr David Edwards	78 years	Jun 1992	-	Director
Mr Godfrey Codrington	72 years	Jun 1992	-	Director
Mr Nicholas Codrington	40 years	Jan 2014	-	Director
Mrs Linda Codrington	72 years	Nov 2021	-	Director
Mrs Rachel Codrington-Hopkins	40 years	Nov 2021	-	Director

P&L

December 2023

turnover

4.6m

-1%

operating profit

42k

gross margin

27.7%

+24.44%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.1m

-0.04%

total assets

2.2m

-0.2%

cash

48.7k

-0.81%

net assets

Total assets minus all liabilities

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company number

01905537

Type

Private limited with Share Capital

industry

13960 - Manufacture of other technical and industrial textiles

incorporation date

April 1985

ultimate parent company

MANDACO 502 LIMITED

previous names

foxonwise limited (June 1987)

address

units a b c d, treorchy industrial estate, treorchy, mid glamorgan, CF42 6EJ

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 17 charges/mortgages relating to ribbons limited. Currently there are 6 open charges and 11 have been satisfied in the past.

ribbons limited Company Information

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ribbons limited Estimated Valuation

ribbons limited Estimated Valuation

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