Independent Works Cirencester Ltd

Independent Works Cirencester Ltd from Cirencester UK: small company, active status, founded 10 years ago, 1 employee, £84,778 assets, virtual address, 2 directors, 2 owners, family business, google rating 5.0 based on 56 reviews. Irregular importer of vehicles, parts, and accessories (not for trains or trams) (2 months imported). It’s a small, family-run bicycle shop operating from the heart of Cirencester, UK. Founded a decade ago, the business is run by just one employee, with two directors and two owners overseeing operations. The company holds £84,778 in assets, but its registered address is a virtual one, shared by many other companies. It boasts a stellar 5.0-star Google rating from 56 reviews, a testament to its customer service. The business imports vehicles, parts, and accessories irregularly, with the last import occurring just two months ago.

Independent Bikeworks offers a unique approach to cycle advice and purchase, as highlighted on its website. Jims knowledge and advice was invaluable when building my roadbike, according to one satisfied customer. The website showcases a range of bicycles and components, emphasizing a focus on unique and technically advanced brands. It also provides information about the Cycle to Work Scheme, offering customers a way to save money on their next bike purchase. The business operates from Templar Mews, above 'He Says She Waffles', and is easily accessible within walking distance of central carparks.

Financially, Independent Works Cirencester Ltd shows a mixed picture. Current assets have fallen by 17% to £85,000, while net assets have dropped even further, by 16%, to £72,000. Bank borrowings remain stable at £300, and cash reserves have decreased by 42%, to £9,600. Trade debtors have increased significantly, by 94%, to £2,900, suggesting a potential increase in outstanding invoices. Creditors have also decreased by 28%, which is a positive sign. 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 nimble, but the decrease in equity could be a cause for concern. No auditor is mentioned, which is typical for small companies.

Registered in England/Wales under the registration number 09380974, with a registered address at GL7 1US, United Kingdom, Cirencester, Gloucestershire, Oakley House, Tetbury Road.

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