Backcountrybiking Ltd

Backcountrybiking Ltd, based in Aviemore, UK, is a small, active company founded seven years ago. With two employees and £15,879 in assets, it’s a solo-founded operation led by a single director and owner. The business enjoys a stellar 5.0 Google rating from 59 reviews, indicating high customer satisfaction. It’s an irregular importer, primarily dealing with ships, boats, and floating structures, though only importing for one month in the last seven years.

The company operates in the "other service activities n.e.c." industries, and is likely a bicycle hire shop, as indicated by the website. While a website wasn’s provided, it’s likely the business offers bike rentals and potentially guided tours in the Aviemore area.

Financially, Backcountrybiking Ltd presents a mixed picture. Current assets have decreased by 33%, falling to £16,000, while net assets have decreased by 21% to -£51,000. Bank borrowings have significantly decreased by 65%, dropping to £6,700, which is a positive sign. Creditors have also decreased by 65%, to £6,700, suggesting better debt management. However, the negative equity and declining assets raise concerns about the company’s long-term financial health. The company meets two of the three criteria to be considered small, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

It seems Backcountrybiking Ltd is navigating a challenging period, potentially struggling to generate sufficient revenue to cover its expenses. The decrease in assets and negative equity suggest the company is burning through cash. While the decrease in bank borrowings and creditors is a positive development, it's unclear if it will be enough to sustain the business in the long run.

Registered in Scotland under the registration number SC570057, with a registered address at PH22 1UQ, Scotland, Aviemore, 5 Granish Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.