Onesixsix Velo Ltd

Onesixsix Velo Ltd from Sidcup UK: a small, active company founded four years ago, employs two people, and holds £65,053 in assets. It operates from a virtual address, managed by one director and two owners, and boasts an impressive Google rating of 5.0 based on 153 reviews. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded three months ago.

The company’s website reveals a passion for cycling, describing itself as "driven by passion, fueled by the adventure of the open road, and committed to the community." It offers a range of services, from basic bike tune-ups to bespoke builds, and sells a variety of bicycle brands. Customer testimonials praise the shop’s knowledgeable staff, quality service, and impressive selection of bikes and kit. Contact information and opening hours are clearly displayed, and the site includes a calendar of events and group riding guides.

Financially, Onesixsix Velo Ltd shows a mixed picture. While cash bank on hand increased by 14% to £13,000, net assets have dramatically improved, jumping 210% to £19,000. Creditors decreased significantly by 89%, suggesting better debt management, and trade debtors fell 74%. However, bank borrowings have increased by 2,400%, reaching £29,000, and current assets have decreased by 6.1%. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the surge in borrowings warrants attention. No auditor is mentioned, likely due to the company's exemption as a small entity.

Registered in England/Wales under the registration number 13364593, with a registered address at DA14 6NE, United Kingdom, Sidcup, Onega House, 112 Main Road.

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