Green Commute Initiative Ltd

Green Commute Initiative Ltd from Hungerford UK: small company, active status, founded 8 years ago, 3 employees, £893,947 assets, real address, 4 directors, 1 owner, solo founder. Irregular importer of vehicles, parts, and accessories (not for trains or trams) (2 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £893,947.

Green Commute Initiative operates as a social enterprise, offering a Cycle to Work Scheme, and is dedicated to getting commuters out of cars and onto bikes. The scheme allows employees to purchase bikes and accessories through salary sacrifice, with employers saving money on National Insurance contributions. It’s a comprehensive, inclusive scheme open to any UK employer and employee, offering a wide range of options from manual and electric bikes to specialist cycles for those with disabilities. The company even offers a corporate ebike pool for employers.

The website highlights a focus on ease of use, with clear steps for both employers and employees. It allows customers to order bikes from various retailers, including Canyon and Batribike, and even provides third-party finance options. The company also emphasizes its commitment to sustainability, with a focus on reducing environmental impact and promoting employee wellbeing. It’s a unique business model, combining a social mission with a commercial offering.

Financially, Green Commute Initiative Ltd shows some concerning trends. While assets remain substantial at £893,947, cash reserves have fallen by a significant 38% to £61,000. Creditors have increased by 3.3% to £700,000, and taxation and social security payable have risen 7.1% to £140,000. Trade debtors have increased by 4%, which could indicate difficulties in collecting payments. 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 stay agile, but the decline in cash and increase in liabilities suggests it's burning through money. With no auditor mentioned, the figures rely on unaudited statements. It’s a small business, and it’s important to remember that small businesses often face financial challenges, but it’s a bit worrying.

Registered in England/Wales under the registration number 10315668, with a registered address at RG17 7TU, United Kingdom, Hungerford, Berkshire, Unit F Membury Business Park, Ermin Street, Lambourn Woodlands.

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