Cycle World Wessex Limited

Cycle World Wessex Ltd, based in Eastleigh, UK, is a small, active company founded 34 years ago in 1991. With six employees and £331,087 in assets, it operates from a virtual address – eighteen other companies registered at the same location – and is managed by four directors and a solo founder. The business runs an e-commerce site and boasts a stellar 5.0 Google rating from 137 reviews. It’s a regular importer of vehicles, parts, and accessories (excluding trains and trams), with the most recent import activity recorded three months ago.

The company’s website, Cycle World, is a comprehensive online retailer of bicycles and cycling accessories. It offers a wide range of products, including mountain bikes, road bikes, hybrid bikes, electric bikes, and kids' bikes, alongside clothing, components, and tools. The site also features a workshop service and cycle scheme information. It’s clear they’re aiming to be a one-stop shop for all things cycling, catering to both casual riders and serious enthusiasts.

Financially, Cycle World Wessex Ltd shows a mixed picture. Current assets decreased by 11% to £330,000, while net assets increased by 8.2% to £430,000. Bank borrowings decreased by 46% to £11,000, and cash reserves fell by 15% to £32,000. Creditors decreased by 39%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in current assets could indicate tighter cash flow. The company is exempt from an audit as a small company.

It seems Cycle World Wessex Ltd is navigating the challenges of a competitive market. The strong online presence and positive customer reviews are encouraging signs, but the company will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 02591429, with a registered address at SO53 3AP, United Kingdom, Eastleigh, Hampshire, 75 Bournemouth Road Chandlers Ford.

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