Clive Mitchell Cycles Limited

Clive Mitchell Cycles Ltd from Truro UK is a small holding company with an active status, established six years ago in 2018. The company employs nineteen people and operates from a virtual address, registered at an address shared by 191 other companies. It's led by three directors and has one owner, and runs an e-commerce site with a stellar 5.0 Google rating based on 82 reviews. The company is an irregular importer, primarily bringing in vehicles, parts, and accessories (not for trains or trams), with recent import activity recorded two months ago.

The company's website showcases a diverse range of bicycles, clothing, and accessories, catering to both casual riders and serious enthusiasts. It offers road bikes, mountain bikes, electric bikes, and kids' bikes, alongside a wide selection of apparel, footwear, and parts. The site also highlights services like bike fitting, repairs, and financing options, and even advertises Whyte ebike demo days. Clive Mitchell Cycles positions itself as Cornwall's premier bike shop, emphasizing family ownership, British craftsmanship, and a commitment to customer service.

Financially, Clive Mitchell Cycles Ltd presents a mixed picture. Cash reserves have significantly declined by 64%, dropping to £310,000, while bank borrowings have skyrocketed by 2,400%, reaching £890,000. Debtors have also increased substantially, jumping 2,600% to £930,000, which could indicate challenges in collecting payments. However, creditors decreased by 19%, suggesting improved management of short-term liabilities. The company’s assets are valued at £1.5 million, and it’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 100 employees). The lack of an auditor is typical for a small company. The sharp increase in bank borrowings and the decrease in cash reserves, however, warrants closer scrutiny. The company’s focus on e-commerce and its strong online reputation are positives, but the financial pressures suggest a need for careful management.

Registered in England/Wales under the registration number 11576456, with a registered address at TR1 2NA, United Kingdom, Truro, Cornwall, Lowin House, Tregolls Road.

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