Cycle Logic Limited

Cycle Logical Ltd, based in Newcastle, UK, is a small, family-run business with an active status. Founded eighteen years ago, the company employs ten people and holds a real registered address in Forest Hall. With three directors and two owners, it’s a tight-knit operation. The business operates as a local bike shop and workshop, offering sales, repairs, and Shimano service. It also functions as a Click Collect location for Freewheel orders.

The company’s website highlights a range of services, including free bike advice, purpose-built workshop repairs, and Shimano certification. It also offers a selection of essential components, accessories, and clothing from major brands. The website also mentions a planned online store launch. It’s clear the company is focused on providing expert advice and quality service to local cyclists.

Financially, Cycle Logical Ltd shows some concerning trends. Net assets have fallen by 42%, dropping to £330,000, while fixed assets have increased significantly by 92%, reaching £170,000. The number of employees has also decreased slightly, from ten to nine. Prepayments and accrued income have also decreased by 30%, and provisions for liabilities have fallen by 44%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in net assets suggests some financial pressure. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

It seems the company is investing in its fixed assets, perhaps to improve its workshop capabilities, but this has come at a cost to overall equity. The slight decrease in employees could be a result of restructuring or seasonal fluctuations. While the business appears to be well-regarded locally, the financial picture warrants close monitoring.

Registered in England/Wales under the registration number 06082859, with a registered address at TR13 8EQ, Cornwall, Alpha House, 40 Coinagehall, Street, Helston.

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