Bournemouth Cycleworks Limited

Bournemouth Cycleworks Ltd from Bournemouth UK: a small, active company founded 13 years ago, employs nine people, and has a real address. It's led by one director and owner, a solo founder, and enjoys a stellar 5.0 Google rating based on 176 reviews. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded three months ago.

Bournemouth Cycleworks operates as a premier bike shop, offering a wide range of services including repairs, fittings, and sales. Its website showcases a comprehensive selection of new and used bikes, clothing, and accessories from top brands like Giant, Trek, and Frog Bikes. The shop also provides expert services like suspension servicing, Reverb repairs, and custom wheel building, catering to both recreational cyclists and serious enthusiasts. They even have a Shimano Premium Service Centre and Bosch Expert Service Centre, which is a great asset.

Financially, Bournemouth Cycleworks Ltd shows a mixed picture. While assets remain relatively stable at £32,000, cash reserves have seen a significant drop of 37%, settling at £32,000. Bank borrowings have decreased by 18%, falling to £6,800, and creditors have increased by 21%, reaching £400,000. Equity has remained the same, at £2. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There was a decrease in debtors, which is good. The company’s financial statements were audited and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The director, Mr M A McHale, is also listed as the managing director and has a directors loan account balance of £161,709.

Overall, Bournemouth Cycleworks Ltd appears to be navigating a period of change. The strong Google rating and diverse service offerings suggest a loyal customer base, but the decline in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 07714099, with a registered address at BH7 6BW, Bournemouth, 1143-1145 Christchurch Road.

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