Company Overview
Ribak Precision Engineering Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 19 May 1981, so this is a well established company. Ribak Precision Engineering Limited has been in business for 42 years and 11 months. The accounts status is unaudited abridged and the accounts are next due on Wednesday 30 April 2025.
Registered Address

Unit 2 Pillings Road Ind Est, Oakham, Rutland, Leicestershire, LE15 6QF
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Companies House Data
Company NameRIBAK PRECISION ENGINEERING LIMITED
Company Number01562720
Registered Office AddressUnit 2 Pillings Road Ind Est
 Oakham
 LE15 6QF
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date19/05/1981
Accounting Reference Date Day31
Accounting Reference Date Month7
Accounts Next Due Date30/04/2025
Accounts Last Made Up Date31/07/2023
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date12/11/2016
Returns Last Made Up Date15/10/2015
Directors & Members
Show Resigned
Paula Smith - Director
(British, 60 years old, born July 1964)
Company Secretary - Appointed 11 August 1997
 Active
David Smith - Director
(British, 60 years old, born March 1964)
Engineer
Secretaries
Show Resigned
Paula Smith - Secretary
(British)
Company Secretary - Appointed 11 August 1997
 Active
Other Company Directorships
Paula Smith
No companies found
David Smith
PLACEOPTION PROPERTY MANAGEMENT LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Jul-2023 31-Jul-2022 31-Jul-2021
Balance Sheet
Fixed Assets -13,917 -13,917 1,378
Current Assets 77,491 77,491 97,351
Creditors Due Within One Year 62,381 62,381 95,111
Working Cap 15,110 15,110 2,240
Total Assets Less Current Liabilities 1,193 1,193 3,618
Long-term Liabilities 0 0 0
Net Assets 1,193 1,193 3,618
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,193 1,193 3,618
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jul-2023 31-Jul-2022 31-Jul-2021
Tangible Fixed Assets - - -
Fixed Assets -21.9% -21.9% 1.4%
Stocks Inventory - - -
Debtors 79.6% 79.6% 44.1%
Cash Bank In Hand 18.1% 18.1% 46.2%
Current Assets 121.9% 121.9% 98.6%
Creditors Due Within One Year 98.1% 98.1% 96.3%
Net Current Assets Liabilities 23.8% 23.8% 2.3%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 1.9% 1.9% 3.7%
Capital Employed - - -
Total Assets Less Current Liabilities 1.9% 1.9% 3.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jul-2023 31-Jul-2022 31-Jul-2021
Liquidity Ratio 1.2 1.2 1.0
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jul-2023 31-Jul-2022 31-Jul-2021
Assets 63,574 63,574 98,729
Debt 62,381 62,381 95,111
Net Assets/Debt 1,193 1,193 3,618

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Registered office address changed from Unit 2 Pillings Road Ind Est Oakham Rutland Leicestershire LE15 6QF to Moorend House Snelsins Lane Cleckheaton West Yorkshire BD19 3UE on 25 February 2024
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Confirmation statement made on 15 October 2023 with no updates
Confirmation statement made on 15 October 2022 with no updates
Confirmation statement made on 15 October 2021 with no updates
Director's details changed for Paula Ellen Smith on 12 April 2021
Confirmation statement made on 15 October 2020 with no updates
Confirmation statement made on 15 October 2019 with no updates
Satisfaction of charge 1 in full
Confirmation statement made on 15 October 2018 with no updates
Confirmation statement made on 15 October 2017 with no updates
Confirmation statement made on 15 October 2016 with updates
Annual return made up to 15 October 2015 with full list of shareholders
Annual return made up to 15 October 2014 with full list of shareholders
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