Dave Mellor Cycles Limited

Dave Mellor Cycles Ltd, based in Shrewsbury, UK, is a small, active company established thirteen years ago in 2012. With sixteen employees and £1,302,361 in assets, it operates from a real address and is managed by two directors and owners. The business runs an e-commerce site and regularly imports vehicles, parts, and accessories—primarily for three months—with the last import occurring in October 2023. It also exports these items, though less frequently, with just one month of export activity recorded as of March 2024.

The company's website showcases a wide range of bicycles, from electric bikes and cargo bikes to mountain bikes and road bikes, alongside clothing, spare parts, and accessories. It emphasizes brands like Trek and Giant, offering services like bike fitting and cycle scheme options. The site also highlights a commitment to customer service and a wide selection of products.

Financially, Dave Mellor Cycles Ltd presents a mixed picture. Current assets have decreased by 5.1% to £1,300,000, while net assets have increased by 1.8% to £1,000,000. Bank borrowings have increased by a significant 2,400% to £77,000, and cash reserves have decreased by 24% to £530,000. Trade debtors have increased by a substantial 110%, suggesting potential issues with customer payments or expanded credit terms. Creditors have decreased by 46%, indicating improved debt management. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The financial statements are unaudited, a common practice for small companies.

Overall, Dave Mellor Cycles Ltd appears to be navigating a period of change. While the business maintains a strong online presence and a diverse product range, the increase in borrowing and decrease in cash reserves warrants attention. It’s likely that the company is investing in growth, but managing its finances carefully will be crucial for long-term success.

Registered in England/Wales under the registration number 07918532, with a registered address at SY3 8JN, United Kingdom, Shrewsbury, Shropshire, 9 New Street.

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