Orro Bikes Ltd

Orro Bikes Ltd, hailing from Hailsham, UK, is a small, holding company with an active status, established 11 years ago in 2013. The company holds just £1,443 in assets and operates from a virtual address shared by 193 other companies, raising some questions. It's managed by two directors and has one owner, and runs an e-commerce site with a respectable Google rating of 4.0 based on 89 reviews. Regular importing of vehicles, parts, and accessories (excluding trains and trams) has been ongoing for 14 months, with the last import recorded in September 2018.

The company’s website showcases a range of high-end carbon road, gravel, and urban bikes, branded "Built For Comfort Speed." It offers a wide selection of bikes, from signature models to outlet deals, alongside cycling gear, parts, and accessories. The site prominently features brands like Continental, Green Oil, Fox, and Wilson, and offers services like Cyclescheme and free UK delivery over £100. It’s clear Orro Bikes is targeting a passionate cycling community, emphasizing innovation and British craftsmanship. They even collaborate with UK Composites manufacturer Sigmatex, using their exclusive SigmaST and Innegra fibres.

Financially, Orro Bikes Ltd’s recent performance presents a mixed picture. Current assets have plummeted by a staggering 95%, falling to just £1,400. Bank borrowings have also decreased significantly, but cash reserves have followed suit, dropping to £1,300. Debtor levels have also fallen dramatically, suggesting a possible issue with collecting payments. Equity has suffered a massive decline, reaching just £100. 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 sharp decline in equity is concerning. Watson Associates (Audit Services) Ltd performed the audit, but the lack of detail in the report leaves some questions unanswered.

In short, Orro Bikes Ltd seems to be facing financial headwinds despite a strong online presence and a focus on quality products. The company's ability to navigate these challenges will be key to its long-term success.

Registered in England/Wales under the registration number 08669611, with a registered address at BN27 1DW, Hailsham, East Sussex, 30-34 North Street.

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