Creation Cycles Limited

Creation Cycles Limited, based in Nottingham, UK, is a small, active company founded twelve years ago in 2013. It employs just two people and holds £170,542 in assets, operating from a real address in Lambley. The business is led by a single director and owner, Dudley Liam Edward, and functions as a regular importer of vehicles, parts, and accessories (excluding trains and trams), with 20 months of import activity recorded, the latest in February 2024. The company’s website, though not provided, suggests it operates in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles.

Financially, Creation Cycles Limited presents a mixed picture. While current assets have increased by 16% to £170,000, net assets have decreased by 9.5% to -£14,000, indicating a reliance on external funding. Bank borrowings have remained stable at £2900 and £20000 respectively, and cash reserves have declined slightly by 8.8% to £2,700. Creditors have risen significantly by 17% to £180,000, suggesting increased reliance on supplier credit. Trade debtors have plummeted by 66% to £2,800, which could be a positive sign of improved collections, or a sign of reduced sales. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a concern. As a small company, it's exempt from an audit, so the figures are unaudited.

The decrease in the number of employees reported from two to one is also noteworthy, and could indicate a change in the business model or a period of cost-cutting. It’s clear that the company is working hard to maintain its position in a competitive market, but the financial data suggests it's burning through money like a startup.

Registered in England/Wales under the registration number 08355129, with a registered address at NG4 4PN, Nottingham, Nottinghamshire, 32 Main Street, Lambley.

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