RIBQUEST LIMITED
Company number 09574519 · Monitor this company
Executive summary
RIBQUEST LIMITED represents a case study in the challenges facing sub-scale UK marine manufacturers. Operating at the smallest viable scale with just 5 employees, the company lacked the capital reserves and operational resilience required to navigate the severe sector headwinds of 2020-2022. The accumulation of £320,000 in long-term creditors against minimal asset cover ultimately rendered the business insolvent, with the dramatic deterioration from marginal solvency in 2021 to a £209,322 deficit in 2022 reflecting either catastrophic trading losses or the crystallisation of structural weaknesses that had been masked by creditor forbearance. The company's liquidation is consistent with broader sector consolidation pressures that have disproportionately affected undercapitalised niche players.
Shareholders' funds
£209,322
Balance sheet as at 2022-05-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2015-05-05
- Dissolved
- 2026-08-14
- Registered office
- C/O Currie Young Limited, Riverside 2, No.3, Campbell Road, Stoke-On-Trent, ST4 4RJ
- Postcode
- ST4 4RJ
- Capital
- 166 GBP
- Accounts category
- Micro
Accounts
- Last made up to
- 2022-05-31
- Financial year end
- 31 May
Confirmation statement
- Last statement dated
- 2024-07-01
Nature of business (SIC)
- 30120 Building of pleasure and sporting boats
- 33150 Repair and maintenance of ships and boats
Officers 0 current · 10 resigned
Contact details
- Website
- ribquest.co.uk
- Phone
- 01548521129
Welcome to Ribquest, we are a UK Rigid Inflatable Boat manufacturer with an enviable reputation for quality and strength. Over the years we have delivered RIB's to the professional services, tenders for super yacht’s, dive clubs, safety patrols and all types of leisure market.
Previous registered addresses 5
| Address | Changed on |
|---|---|
| UNITS 3A/C WRANGATON BUSINESS PARK, WRANGATON, SOUTH BRENT, DEVON, TQ7 1LL, ENGLAND | 2019-08-10 |
| UNITS 1-3 BLS TORR TRADE PARK ESTATE, EAST ALLINGTON, TOTNES, DEVON, TQ9 7FA, ENGLAND | 2019-07-12 |
| REGUS FOR HOFFMAN 4200 WATERSIDE SOLIHULL PARKWAY, BIRMINGHAM BUSINESS PARK, BIRMINGHAM, B37 7YN, ENGLAND | 2017-07-18 |
| 1 LINHEY CLOSE, KINGSBRIDGE, DEVON, TQ7 1LL | 2015-09-03 |
| ANNA MILL BUSINESS AND DISTRIBUTION PARK WRANGATON, IVYBRIDGE, DEVON, TQ10 9HQ, UNITED KINGDOM | 2015-07-12 |
The class of 2015
25%
of the 613,764 companies incorporated in 2015 are still active today; 71% have since been dissolved.
A fact about the year, not a forecast for this company.