Mycle Ltd

Mycle Ltd, based in Tetbury, UK, is a small, active company founded four years ago. With two employees and £1,468,332 in assets, it’s a solo-founder operation managed by two directors. The company runs an e-commerce site and has a 3.0 Google rating from just four reviews. Mycle Ltd regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity in March 2024.

The company’s website, Mycle Utility Ebikes, focuses on selling electric bikes and accessories. It offers three main models: the Charge (for all-terrain adventures), the Cargo (for heavy loads), and the Comfort (for everyday commutes). The site emphasizes cleaner air, UK-built bikes, test rides, and a commitment to sustainability, partnering with Ecologi to plant a tree for every order. It’s a modern e-commerce business with a focus on community and environmental responsibility.

Financially, Mycle Ltd’s numbers show a mixed picture. Current assets have decreased by 19%, falling to £1,500,000, while net assets have plummeted a staggering 1200%, landing at -£1,000,000. Bank borrowings have increased significantly, reaching £15,000, and cash reserves have dropped 90% to £1,500. Creditors have also risen, reaching £1,300,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the substantial equity drop suggests a need for careful financial management. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

It appears Mycle Ltd is facing some financial challenges, despite its focus on a growing market. Whether the company can sustain its growth and profitability remains to be seen, but its commitment to sustainability and community engagement offers a positive foundation.

Registered in England/Wales under the registration number 13385418, with a registered address at GL8 8GQ, England, Tetbury, Gloucestershire, Unit 8 Babdown Industrial Estate, Babdown Airfield.

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