Lutterworth Cycle Centre Ltd

Lutterworth Cycle Centre Ltd from Lutterworth UK: a small, active company founded 10 years ago, employs five people, and holds £352,336 in assets. With a real address and four directors overseeing operations, it’s a well-established local business. Google users give it a perfect 5.0 rating based on 72 reviews, reflecting a strong reputation. The company regularly imports vehicles, parts, and accessories – a trend continuing with imports recorded as recently as May 2024.

The company's website showcases a vast selection of cycling equipment, from balance bikes to triathlon shoes, and framesets. It’s clear they cater to a wide range of cyclists, from beginners to seasoned professionals. They also offer custom builds, collaborating with brands like Colnago and Wilier. The site also highlights services like bike fit studios, workshops, and cycle schemes, indicating a commitment to providing comprehensive support to cyclists. There's a sale section too, which is a nice touch.

Financially, Lutterworth Cycle Centre Ltd shows a mixed picture. Cash bank on hand increased by 6.2% to £160,000, which is good. However, finished goods decreased by 3.2% to £180,000. Trade debtors fell by a significant 48%, which could be a positive sign of improved collections. Bank borrowings, however, decreased by 33%, which is a little concerning. 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 it to remain flexible, but the decline in finished goods suggests a need to manage inventory more closely. With no auditor mentioned, the financial statements are unaudited.

Overall, Lutterworth Cycle Centre Ltd appears to be a solid, well-regarded local business, though it's facing some financial pressures. They seem to be doing well with customer satisfaction, but managing their inventory and bank borrowings will be key to their continued success.

Registered in England/Wales under the registration number 09498067, with a registered address at LE17 4EG, England, Lutterworth, 1b George Street.

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