Ribble in trouble?

[figbat]

They have been served a first Gazette notice for compulsory strike off. Now it may just be a filing administration issue, but I'd be careful sending any money their way until they have sorted it out.

 

[fossyant]

Oh bugger - unless they've not paid someone and a winding up order has been served !

 

[bikingdad90]

Nah, it’s a group restructure as they have a new holding company called Bradley ultra topco. Likely the ribble brand/shops have been separated out into separate entities from the ribble team. The old companies haven’t filed accounts in error or because the auditors are still agreeing them.

https://find-and-update.company-information.service.gov.uk/company/14149333

 

[FishFright]

Not a business savvy guy but what does NatWest having a charge on their assets mean ?

 

[Big John]

Cyclesport North LTD (otherwise known as Ribble) haven't filed accounts for their financial year 2021. I've no idea why. However, a gazette listing is done to make the company aware that they'll be struck off Companies House register if they don't do something about it. Looking at their accounts for 2020 they made a loss but not as big as the previous year. On paper they looked solvent but a lot may have happened since they last filed accounts. It is worrying.

 

[bikingdad90]

Not a business savvy guy but what does NatWest having a charge on their assets mean ?

A secured loan or mortgage.

 

[classic33]

Nah, it’s a group restructure as they have a new holding company called Bradley ultra topco. Likely the ribble brand/shops have been separated out into separate entities from the ribble team. The old companies haven’t filed accounts in error or because the auditors are still agreeing them.

https://find-and-update.company-information.service.gov.uk/company/14149333

Owned in turn by a Scottish company formed/registered just over two years ago.

 

[Jameshow]

Ribble are owned by true capital so the remaining company is a shell. Also the racing team us likely to be a separate entity too..

 

[IanSmithCSE]

Good afternoon

I really wanted Ribble to succeed as I have fond memories of when they were interested in selling bike stuff.

But this ....

Explore the wheelset, does anyone there care anymore?

£1.1k for a 725/CF frame?

Oddly when I did explore the wheelset, there was nothing about wheels.

Bye

Ian

 

[fossyant]

Blimey a grand !

Mine is better


View: https://www.flickr.com/photos/166882394@N07/51375445723/in/dateposted-public/

 

[the_mikey]

Good afternoon

I really wanted Ribble to succeed as I have fond memories of when they were interested in selling bike stuff.

But this ....

View attachment 674362

Explore the wheelset, does anyone there care anymore?

View attachment 674363
£1.1k for a 725/CF frame?

Oddly when I did explore the wheelset, there was nothing about wheels.

Bye

Ian

Ribble's prices have always favoured buying a complete bike over buying the components individually, but over a grand for a steel frame seems to be pushing it, it could just be that they really really want you to buy complete bike, but it doesn't look good.

 

[IanSmithCSE]

Good evening (almost)

I really struggled with £850 including a Campag Record headset for this as a frame and forks, one of the limited edition 753 Raleigh tribute/milk the market for all it will bare frames.



and this was discounted from its initial massive limited edition price.

I get the point about the whole bike, but Spa and SJS are at around £500 mark for a 725 frame and often an unbranded 4130 frame will appear on Planet X for around the £299 mark.

Bye

Ian

p.s. I will cut the gear cables when I decide what mechs to use.

 

[craigwend]

The link below probably only work if you've got Facebook - though one reply notes ordered Bike September 2021..

.Latest up date for the delivery May 2023....


View: https://m.facebook.com/RibbleCycles/photos/a.454910090816/10159114638465817/?type=3

 

[ColinJ]

The link below probably only work if you've got Facebook - though one reply notes ordered Bike September 2021..

.Latest up date for the delivery May 2023....

Paging @Littgull!

 

[kingrollo]

The link below probably only work if you've got Facebook - though one reply notes ordered Bike September 2021..

.Latest up date for the delivery May 2023....


View: https://m.facebook.com/RibbleCycles/photos/a.454910090816/10159114638465817/?type=3

Wow looks fantastic! Must have.....except I'm too old !