Darius_Jedburgh
Veteran
The ads themselves must have cost a small fortune, never mind the screening costs. Worrying times.
Whats happened to RIBBLE ?
- Thread starter Landsurfer
- Start date
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OP
OP
Landsurfer
Veteran
From a different view ... I don't want anyone else handing funds over to them and getting nothing in return.
Darius_Jedburgh
Veteran
Totally agree. Everything in this thread gives cause for concern.
To the uneducated it looks like a classic case of a business going tits up.
Smokin Joe
Legendary Member
- Location
- Bare headed cyclist, Smoker
Or a classic case of asset strippers moving in and ruining a decent business then disappearing with the cash they can bleed out of it.
DRM
Guru
- Location
- West Yorks
Got to agree that doesn’t sound good at all, trouble is companies will keep taking money with no intention of providing the goods ordered until the plug gets pulled, leaving customers out of pocket, if all is well the staff would be reassuring you and checking the progress of the build.
Darius_Jedburgh
Veteran
Big John
Guru
If anyone wants to view Ribbles latest set of accounts, along with the directors report, they can be obtained in pdf format for free on Companies House Beta. The accounts for 2020 haven't been filed yet but are due by the end of this month. However, even looking at the accounts for 2019 they were making substantial losses. The directors report says they made a strategic commercial decision to concentrate on complete bike sales and withdraw from parts and clothing. They did some 'rationalisation' which usually means job losses. The accounts were not only poor in 2019 but in the previous year also. Ribble have assets but these are currently being used as collateral for either a bank loan or overdraft. From being 'cash rich' in 2018 their liquidity plummeted in 2019. What will be interesting to look at are the accounts for 2020 which should be in the public domain shortly.
classic33
Leg End Member
Cyclesport North Limited are trading as Ribble Cycles, with a new store in the offing.
Darius_Jedburgh
Veteran
Ribble have only just moved into a new store as mentioned earlier.
craigwend
Grimpeur des terrains plats
see post #41
Lee_M
Guru
I know a guy that works for planetX and certainly they had several containers full of bikes and parts stuck
Darius_Jedburgh
Veteran
Sorry. Missed that bit in all the other stuff. I'm really sorry for you.
Darius_Jedburgh
Veteran
It seems like every business in every country has several containers on this one ship. The canal has been cleared for weeks now and lots of other big ships have got through and unloaded. The ship excuse is wearing a bit thin.
Sterlo
Early Retirement Planning
- Location
- East Riding of Yorkshire
Seems like they're concentrating on bike building now, have had some good offers from them on clothing and parts in the past, but virtually nothing else but full bikes nowadays, that's if you can get the bikes that is. Hope it goes okay for you on the collection.
classic33
Leg End Member
Victoria Centre Nottingham?
