Islabikes Ltd

Islabikes Ltd from Ludlow UK: a small, holding company with an active status, was founded nineteen years ago. The company employs twenty-one people and holds £752,977 in assets, managed by a single director and owner. It regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), having imported for 142 months and exported for thirty-three months.

The company’s website showcases a focus on high-quality bicycle components and original parts. It’s clear that Islabikes operates primarily as an e-commerce business, offering a wide range of spares and accessories for its bikes. The site highlights a commitment to helping customers maintain their bikes, with a size chart and how-to guides available. A product recall notice for forks on certain bike models is also prominently displayed.

Financially, Islabikes Ltd presents a mixed picture. While cash reserves increased by 39% to £660,000, current assets have dramatically decreased by 83% to £750,000. The company's net assets have also seen a significant drop, falling 87% to £520,000. Trade debtors have plummeted by 99%, and creditors have decreased by 42%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity decline warrants attention. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s reliance on online sales and its focus on quality components suggest a business model that’s well-suited for the current market. However, the financial trends indicate a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 05581858, with a registered address at SY8 2AE, England, Ludlow, Church Farm Studios, Stanton Lacy.

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