It Bits Ltd

It Bits Ltd, based in Leighton Buzzard, UK, is a small, active company founded ten years ago in 2014. With two employees and £4,201 in assets, it operates as a real address and is managed by two directors and one owner. The company runs an e-commerce site and irregularly imports toys, games, and sports equipment, with its last import operation occurring in October 2016. It Bits Ltd engages in retail via mail order and internet sales, as well as information technology consultancy activities.

The company's website, Biker Bits Ltd, showcases a wide range of motorcycle clothing, helmets, and accessories from brands like AGV, Alpinestars, and Sidi. The site offers a vast selection, from high-performance racing gear to casual wear, and even includes a section dedicated to exhaust systems and motorcycle maintenance products. The website clearly states that they have "thousands of other items simply not on the website!" and encourages customers to email with requests. It also advertises a showroom in Harrods, London.

Financially, It Bits Ltd presents a mixed picture. Current assets have plummeted by 59%, dropping to £4,201, while net assets have suffered an even more significant decline, falling 720% to -£2,800. Trade debtors have increased dramatically by 1400%, reaching £1,000, suggesting potential issues with customer payments. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves have fallen 69% to £1,700. Creditors have also increased by 4.7%, reaching £11,000. 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 sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 09064126, with a registered address at LU7 0PF, England, Leighton Buzzard, 1 Lower Wingbury Cottages, Aylesbury Road, Wing.

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