Fawkes Cycles Ltd

Fawkes Cycles Ltd from Oldham UK: a small, active company founded 15 years ago, employs five people, and holds £758,729 in assets. It's a family business with three directors and two owners, operating from a real address and running an e-commerce site with a stellar 5.0 Google rating from six reviews. The company is an irregular importer of vehicles, parts, and accessories (not for trains or trams), with recent activity recorded two months ago.

The company's website showcases a wide range of cycling components, clothing, and footwear from leading sports brands. It's a comprehensive online store, offering everything from bikes and frames to pedals and protective gear. The site uses cookies to improve your shopping experience, and offers multiple currencies. Fawkes Cycles also operates a separate division focused on high-end piano restoration, a venture that seems to operate independently from the cycling business.

Financially, Fawkes Cycles Ltd shows a mixed picture. While current assets increased by 14% to £760,000, bank borrowings increased by 11% to £74,000, and cash reserves increased by 640% to £26,000. Creditors decreased by 11% to £74,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The company’s net assets dropped by 35% to -£5400, which is a bit concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's focus on both cycling retail and piano restoration, alongside its online presence, suggests a diverse business model. Whether this diversification will prove sustainable remains to be seen, but for now, Fawkes Cycles Ltd appears to be navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 06933915, with a registered address at OL4 2AG, Oldham, 2 Hill Street.

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