Moto Cycle Ltd

Moto Cycle Ltd is a small, active company based in London, UK, founded four years ago in 2020. With just two employees and £64,383 in assets, it operates from a virtual address shared by many other companies—a bit suspicious, really. The company is run by a solo founder and director, Huntley Clive, and has a fully functional e-commerce site. It’s an irregular importer, mainly bringing in optical and medical tools and devices, with just one month of imports recorded as of October 2022.

The company’s website, Motobins, is a specialist retailer of BMW motorcycle spares. It caters to a global audience, offering currency options and shipping worldwide. The site boasts a wide range of products, from engine parts to luggage equipment and even gifts. It also features a customer gallery showcasing bikes and trips—a nice touch. The site's name suggests a broader scope, but the focus is clearly on BMW motorcycles.

Financially, Moto Cycle Ltd presents a mixed picture. Current assets increased by 77% to £64,000, which is good. However, net assets decreased by 38% to -£75,000—a significant drop. Bank borrowings surged by 6000%, reaching £14,000, and cash reserves fell by 95% to just £3,100. Creditors also increased by 54% to £140,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Moto Cycle Ltd seems to be burning through cash. While the e-commerce site appears active and well-stocked, the financials suggest a company struggling to manage its finances. It’s a small operation, but the significant debt increase raises concerns about its long-term viability.

Registered in England/Wales under the registration number 12935331, with a registered address at EC2A 4NE, England, London, 3rd Floor 86 - 90 Paul Street.

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