Hourbike Limited

Hourbike Limited, based in Worthing, UK, is a small, active company founded seventeen years ago in 2007. With fourteen employees and £53,079 in assets, it operates from a virtual address, managed by a single director and owner. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with three months of import activity recorded, the last operation being in July 2021.

Hourbike Limited’s primary activity is described as operating in the “other professional, scientific and technical activities n.e.c.” industries. It also owns Pedal Dogs Ltd., suggesting a diversification of business interests. While a bicycle hire shop in London is mentioned, it’s unclear if this is directly linked to Hourbike Limited's core operations.

Financially, Hourbike Limited presents a mixed picture. Current assets have fallen dramatically, dropping 72% to £53,000, while net assets have increased by 14% to £170,000. Cash reserves have also seen a significant decline, falling 57% to £53,000. Trade debtors have plummeted by 99%, suggesting a focus on cash sales or improved collection efforts. However, bank borrowings have increased substantially, rising by 2,400% to £29,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the drop in cash and increase in debt warrants attention. No auditor is mentioned, likely due to exemption as a small company.

Overall, Hourbike Limited appears to be navigating a period of change. While its asset base has grown, the company is burning through cash and relying more on borrowing. The future success of the business will depend on its ability to manage its finances and sustain its import activities.

Registered in England/Wales under the registration number 06442693, with a registered address at BN12 4NX, England, Worthing, 325a Goring Road, Goring-By-Sea.

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