Electron Cycles Limited

Electron Cycles Limited is a small, active company based in Braunton, UK, founded four years ago in February 2021. With £145,694 in assets and a virtual address, the company employs three people and is led by two directors and a solo founder. It operates an e-commerce site specializing in electric bikes and related components, importing electrical machinery and equipment regularly (37 months of import activity) and occasionally exporting toys, games, and sports equipment (just one month of export activity).

The company’s website showcases a range of electric bikes, batteries, controllers, and parts, catering to off-road enthusiasts. It offers both complete bikes and individual components, with a focus on high-performance models from brands like Sur Ron and Talaria. The site also features a blog, warranty policy, and finance options, indicating a commitment to customer service and accessibility.

Financially, Electron Cycles Limited presents a mixed picture. Current assets have fallen by a significant 32%, dropping to £150,000, while net assets have plummeted by an even more dramatic 98%, leaving just £950. Bank borrowings have increased by 18%, reaching £27,000, and cash reserves have decreased by 22%, falling to £35,000. Trade debtors have increased dramatically, up 1400%, reaching £32,000, while creditors have also risen sharply, increasing by 11000% to £35,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

The substantial decrease in equity is a key concern, suggesting potential cash flow issues or increased losses. While the company’s e-commerce operations appear active and well-stocked, the financial data reveals a need for careful management. The surge in trade debtors could indicate difficulties in collecting payments, and the increased bank borrowings suggest reliance on external funding.

Registered in England/Wales under the registration number 13196274, with a registered address at EX33 1AA, England, Braunton, 4 Cross Tree Centre, Caen Street.

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