Peddle My Wheels Ltd

Peddle My Wheels Ltd, based in Croydon, UK, is a small, active company founded thirteen years ago in 2012. With nine employees and £629,074 in assets, it’s a modest operation run by two directors and a single owner. The company operates from a real address and regularly imports vehicles, parts, and accessories—excluding trains and trams—with recent activity recorded just three months ago.

The company’s website reveals a social enterprise focused on creating and operating sustainable travel projects. It offers a "Try Before You Bike" scheme, allowing customers to test bikes before buying, and runs bike markets and cargo bike share schemes. There’s also a focus on secondhand bikes and community engagement, with initiatives like school markets and partnerships with local influencers. The company’s website also has a blog and a mailing list.

Financially, Peddle My Wheels Ltd shows a mixed picture. Cash reserves have seen a significant boost, jumping 430% to £240,000, a positive sign. However, net assets have worsened, falling 110% to -£40,000, indicating a loss of equity. Bank borrowings have increased by 53%, reaching £53,000, and creditors have risen by 59% to £180,000. Trade debtors have increased by 80% to £110,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is typical for companies of this size.

Overall, Peddle My Wheels Ltd is facing financial challenges despite its strong community focus and innovative schemes. The increased debt and decreased equity suggest the company is burning through cash, although the rise in cash reserves offers a temporary buffer. The company’s ability to sustain its social mission while managing its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 07998944, with a registered address at CR0 2DS, England, Croydon, 19-25 Neville Road.

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