Mapdec Ltd

Mapdec Ltd from Kendal UK: a small company with an active status, was founded 10 years ago and employs four people. It holds £185,901 in assets and operates from a real address, managed by two directors and two owners. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 44 reviews. It's a regular importer of vehicles, parts, and accessories (excluding trains and trams), with 16 months of import activity recorded, the last operation made in February 2025.

The company's website, Mapdec Cycle Works, is a hub for cycling enthusiasts, offering a dedicated service centre, fitness coaching, and custom bike builds. It’s a place for every improving and aspiring cyclist. The site showcases a range of high-end bikes and components from brands like TIME, LOOK, and FFWD, alongside its own branded products. It also runs a gym and offers fitness testing and training classes, indicating a focus on the whole cycling experience. The website's design is busy, but it’s clear that Mapdec Cycle Works is more than just a retailer; it’s a community space for cyclists.

Financially, Mapdec Ltd presents a mixed picture. While net assets have increased significantly to £91,000, a substantial jump from -£41,000, cash reserves have exploded to £130,000—a remarkable 1800% increase. However, bank borrowings have also risen, reaching £21,000, and trade debtors have decreased, suggesting potential issues with customer payments. Creditors have also increased, and there’s a large increase in other creditors. 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 significant changes in cash and borrowings warrant closer examination. As a small company, it’s exempt from an audit, so the figures are unaudited.

It seems Mapdec Ltd is experiencing a period of rapid growth, with a focus on expanding its services and inventory. Whether it can sustain this momentum and manage its finances effectively remains to be seen.

Registered in England/Wales under the registration number 09320711, with a registered address at LA9 5PH, England, Kendal, 12 Moore Field Close.

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