Cycle-works Limited

Cycle-Works Limited, based in Southsea, UK, is a small, active company established 28 years ago in 1996. With nine employees and £445,446 in assets, it operates from a real address and is managed by one director and two owners. The company is an irregular importer, primarily dealing with iron or steel products, with its last import activity recorded over two years ago in January 2022.

Cycle-Works Limited specializes in the design, manufacture, and supply of secure cycle parking solutions. Its website showcases a wide range of products, from individual bike lockers and multi-bike hangers to open-access shelters and custom-made secure areas. The company caters to diverse clients, including private households, residential developments, schools, transport providers, and local councils. It even offers rental services for cycle parking. The website’s content emphasizes innovation, security, and British craftsmanship.

Financially, Cycle-Works Limited's recent report shows some interesting trends. Current assets decreased by 25% to £450,000, while net assets dropped 10% to £190,000. Bank borrowings increased by 110% to £29,000, and cash reserves fell by 30% to £120,000. Creditors decreased by 32%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, likely due to its small size.

The decrease in assets and cash reserves, combined with increased borrowings, suggests Cycle-Works Limited may be facing financial pressures. However, the reduction in creditors indicates better control over short-term liabilities. The company's focus on a niche market and its commitment to quality products could help it navigate these challenges, but it's worth keeping an eye on its financial performance in the coming years.

Registered in England/Wales under the registration number 03268339, with a registered address at PO4 8BF, England, Southsea, Hampshire, Office 25 8-9 Rodney Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.