Cyclexperience Limited

Cyclexperience Ltd from Hampshire UK: a small company with an active status, was founded 22 years ago in 2002. It employs 24 people and holds £273,975 in assets. The company has three directors and two owners, and enjoys a stellar 5.0 Google rating based on 473 reviews. It’s an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with just one month of imports recorded as of November 2022.

Cyclexperience operates as a bicycle hire shop and retailer, with locations in Brockenhurst (New Forest) and Corfe Castle (Dorset). Its website highlights a family-run business with a long history—since 1993—serving over a million customers. The company offers bike hire, sales, repairs, and even events and tours, catering to both locals and tourists. It has a strong online presence, with a focus on providing a convenient booking experience and helpful route suggestions via the Komoot app.

Financially, Cyclexperience Ltd shows some concerning trends. Current assets decreased by 8.6% to £270,000, and net assets dropped 41% to -£19,000, a significant swing. Bank borrowings decreased by 6.2%, while cash reserves plummeted 40% to £51,000. Creditors decreased by 27%, which is a positive sign. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the decline in equity is a worry. The company is exempt from an audit, so the figures are unaudited.

Overall, Cyclexperience Ltd appears to be a popular and well-regarded business, but the financial data suggests it’s facing some challenges. It’s a bit of a surprise to see the equity so low, but the company’s reputation and the demand for bike hire in the New Forest and Dorset could help it weather the storm.

Registered in England/Wales under the registration number 04562860, with a registered address at SO42 7RR, Hampshire, 2-4 Brookley Road, Brockenhurst.

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