Cyclewise Whinlatter Ltd

Cyclewise Whinlatter Ltd from Keswick UK is a small, active company founded eighteen years ago in 2007. Employing twenty-one people, it holds £326,178 in assets and operates from a real address in Whinlatter Forest Park. With five directors and no officially reported owners, the company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 157 reviews. It’s an irregular importer of clothing and accessories, not knitted or crocheted, with the last import activity recorded a couple of years ago.

The Cyclewise website showcases a business deeply rooted in cycling. It offers bike sales – everything from mountain bikes to e-bikes – alongside clothing, accessories, and a comprehensive range of services including bike hire, repairs, and tuition. They even offer custom bike builds and specialist legal services. The site highlights a passion for cycling, with a strong emphasis on community and expertise, and even offers courses for schools and young people. It’s clear they’re more than just a shop; they're a hub for cycling enthusiasts.

Financially, Cyclewise Whinlatter Ltd presents a mixed picture. Current assets have decreased slightly, falling 4.4% to £330,000, while net assets have also dipped 1.3% to £270,000. Bank borrowings have decreased by 19% to £23,000, and cash reserves have increased by a significant 110% to £58,000 – a positive sign. Creditors have also decreased by 17%, suggesting improved debt management. The company meets the criteria for being a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, likely due to its small size, so the figures are unaudited.

The decrease in assets and net assets, however, could indicate a slowdown in sales or increased costs. The increase in cash reserves is encouraging, but it’s important to see if this trend continues. Overall, Cyclewise Whinlatter Ltd appears to be a stable, well-regarded business, but it's facing some financial pressures that it will need to manage effectively.

Registered in England/Wales under the registration number 06114473, with a registered address at CA12 5TW, Keswick, Cumbria, Whinlatter Forest Park, Braithwaite.

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