Chester Cycle Hub Ltd

Chester Cycle Hub Ltd from Chester UK: a small, active company founded four years ago, employs six people, and holds £142,957 in assets. It’s a real address, managed by three directors, though curiously, no owners are listed. The company operates an e-commerce site and boasts a stellar 5.0 Google rating from 121 reviews. They are a regular importer of vehicles, parts, and accessories (excluding trains and trams), with five months of import activity recorded.

The Cycle Hub is a bicycle shop and service centre, offering bike sales, repairs, and custom builds. Their website highlights a wide range of services, from basic servicing to high-end bike fitting and custom builds. They stock brands like Merida, Cervelo, and Mondraker, and also run community events like group rides and demo days. The website also features customer testimonials praising their expertise and friendly service.

Financially, Chester Cycle Hub Ltd shows some concerning trends. Current assets have decreased by 38% to £140,000, and net assets have plummeted 190% to -£89,000. Bank borrowings have increased significantly, reaching £12,000, while cash reserves have fallen 55% to £7,300. Creditors have also risen, suggesting increased debt. The company’s small size (meeting two of three conditions for being small) helps with agility, but the sharp decline in equity is a worry. The company is exempt from an audit, so the figures are unaudited.

It’s clear that while the business has a strong online presence and positive customer reviews, it's facing financial pressures. The lack of owners listed is unusual, and the declining equity suggests a need for careful management. The business is holding steady, but needs to be careful.

Registered in England/Wales under the registration number 12778845, with a registered address at CH4 7RQ, United Kingdom, Chester, 15 Vincent Drive.

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