Mynextbike Ltd

Mynextbike Ltd is a small, active company based in London, UK, founded two years ago. It operates as an e-commerce site, selling used bikes, and has a virtual address, with two directors and two owners. The company's status is active, and it’s involved in the retail sale via mail order houses or via internet industries.

The website, MyNextBike, is a marketplace for pre-loved premium bikes. It offers a wide selection, including road bikes, mountain bikes, urban bikes, and electric bikes from various brands. Buyers can negotiate prices or purchase directly, with secure online payments and buyer protection. Sellers can list their bikes, and the company handles shipping and payment processing. The site also features articles on cycling topics, such as where to ride in the UK and what groupset to get. It's a well-designed platform, clearly aimed at a discerning customer base.

Financially, Mynextbike Ltd presents a mixed picture. While it’s a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity has remained at -£21,000, indicating ongoing losses. Net current assets liabilities are also negative at -£22,000. Bank borrowings are at £19,000, and trade creditors are £2900. Cash reserves are low at £700. The company’s property, plant, and equipment is valued at £1800. The lack of employees (zero reported) suggests a lean operation. With no auditor mentioned, the figures are unaudited.

The company's financial data shows that it is burning through money. The negative equity and net current assets liabilities suggest that it is struggling to generate profits and manage its cash flow. However, the company's website and marketplace are well-designed and offer a valuable service to cyclists. It's possible that the company is still in its early stages of development and that its financial performance will improve over time.

Registered in England/Wales under the registration number 14483793, with a registered address at WC1H 9JG, England, London, 97 Judd Street.

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