Love-ebikes Ltd

Love Ebikes Ltd, based in Glasgow, UK, is a small, active company founded seven years ago in 2017. It’s a solo-founded operation with a real address, one director, and one owner, Davidson Scott. The company employs just one person and holds £430,536 in assets. It operates an e-commerce site, boasting a perfect 5.0 Google rating from 49 reviews, and regularly imports vehicles, parts, and accessories (excluding trains and trams), with the most recent import activity recorded in November 2024.

The company's website positions itself as Scotland's premier electric bike specialist, stocking over 60 of the best ebikes from six brands, ranging from £1,999. It emphasizes a curated selection, expert advice, and personalized service, offering walk-in appointments, home delivery, and a unique Riese Mller Experience and Outlet Store. The site also highlights various financing options, including Cycle to Work schemes and the Green Commute Initiative. It's clear Love Ebikes Ltd aims to be more than just a retailer—it wants to be a trusted advisor and a destination for electric bike enthusiasts.

Financially, Love Ebikes Ltd presents a mixed picture. Current assets have fallen by 33% to £430,000, while net assets have dropped by 21% to £450,000. Cash bank on hand has decreased significantly by 53% to £60,000. Trade debtors have increased by 6.6% to £120,000. Creditors have dramatically decreased by 92% to just £6,000, which is a positive sign of improved financial 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) helps it remain nimble, but the decline in cash reserves is something to keep an eye on. With no auditor mentioned, the financial statements are unaudited.

In short, Love Ebikes Ltd appears to be a well-regarded business with a loyal customer base, but it’s navigating some financial headwinds. The company's focus on premium brands and personalized service should help it maintain its position in the growing electric bike market, but keeping a close eye on cash flow will be essential.

Registered in Scotland under the registration number SC576917, with a registered address at G11 6RB, United Kingdom, Glasgow, 684 Dumbarton Road.

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