J's Cycle Shack Ltd

Js Cycle Shack Ltd, based in Wakefield, UK, is a small, active company established ten years ago in 2014. Employing ten people and holding £1,424,367 in assets, it operates from a real address and is managed by two directors and one owner. The company’s core business involves the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. It’s an irregular importer of clothing and accessories made by knitting or crocheting (two months of import activity) and a regular exporter of vehicles, parts, and accessories (eighteen months of export activity).

The company’s website, J’s Cycles, is a fully functional e-commerce platform. It showcases a wide range of brands, including Cervelo, Colnago, Pinarello, and Scott, offering everything from bikes and clothing to footwear and parts. The site features a "Sale" section, an "Our Brands" page, and a "Contact Us" form, alongside a blog and a customer support section. It even offers online finance and click-collect options, and a WhatsApp number for quick assistance. The site’s design is modern and user-friendly, with clear navigation and high-quality product images.

Financially, Js Cycle Shack Ltd presents a mixed picture. Current assets have fallen by 6.1% to £1,400,000, while net assets have plummeted 80% to just £69,000. Bank borrowings have decreased by 22%, to £150,000, and cash reserves have increased by 36% to £81,000. Creditors have risen by 23%, to £1,200,000, and debtors have fallen dramatically, to -£14,000. 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 flexibility, but the sharp equity decline is concerning. No auditor is mentioned, likely due to small company exemption.

The decrease in debtors suggests potential issues with customer payments, while the rise in creditors indicates increased reliance on supplier credit. The company’s focus on online sales and a wide range of brands is a positive sign, but the financial strain requires careful management. It’s a challenging time for the business, but its established online presence and diverse product offering could help it weather the storm.

Registered in England/Wales under the registration number 09126797, with a registered address at WF1 5DL, England, Wakefield, Unit A, Kirkgate Business Park.

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