Destination Bike Limited

Destination Bike Limited is a small, active company based in Lancing, UK, established nine years ago in December 2015. With £102,163 in assets and a virtual address shared by many other businesses, it’s a modest operation employing just four people and overseen by four directors and three owners. The company operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries, and runs an e-commerce site. It's a regular importer, with its top import category being Vehicles, parts, and accessories (not for trains or trams), totaling 23 months of imports, with the latest activity recorded in October 2024.

The company's website, while not providing extensive details, reinforces its focus on bicycle-related products and accessories. It’s clear they’re aiming for a niche market within the broader sports goods sector.

Financially, Destination Bike Limited presents a mixed picture. Current assets have decreased by 5.7% to £100,000, while net assets have increased by 55% to £55,000. Bank borrowings have decreased significantly, with overdrafts falling by 63%, and cash reserves have decreased by 9.8% to £50,000. Creditors have also seen a large decrease, down 31%. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in cash reserves may indicate tighter margins. With no auditor mentioned (likely exempt as a small company), the financial data relies on unaudited statements.

While the company’s import activity suggests a focus on sourcing products, the decrease in cash reserves might be a concern. It’s possible the company is investing in growth, or it could be facing increased competition. The decrease in bank borrowings is a positive sign, suggesting better debt management.

Registered in England/Wales under the registration number 09911049, with a registered address at BN15 0PT, England, Lancing, West Sussex, St James' Hall, Mill Road.

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