Phillips-van Belzen Cycles Limited

Phillips-Van Belzen Cycles Ltd, based in Carlisle, UK, is a small, active family business founded five years ago. With four employees and £148,769 in assets, it operates from a real address and is led by two directors and owners. The company enjoys a stellar 5.0 Google rating based on 44 reviews. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories – though just for two months of activity, with the last import occurring in August 2022.

The company’s website, Bikeseven, is a full-service bicycle shop and service center. It offers a wide range of products, from mountain bikes to e-bikes, along with accessories, parts, and nutrition. The site also features a blog, a winter voucher, and an outlet section. It seems to be primarily an e-commerce operation, with a strong emphasis on online sales and customer service. There’s also a physical presence in Longtown and Carlisle, offering bike servicing and repairs.

Financially, Phillips-Van Belzen Cycles Ltd shows some concerning trends. Cash reserves have increased dramatically, jumping 2,400% to £920, which is a positive sign. However, current assets have fallen by 18% to £150,000, and net assets have dropped 33% to £8,000 – a significant decrease. Bank borrowings have also increased by 15%, reaching £11,000. Creditors have decreased by 17%, which could indicate better debt management. The company’s small size (meeting two of three criteria for being small) helps it remain flexible, but the drop in equity is something to watch. The accounts are unaudited, which is common for small companies.

Overall, Phillips-Van Belzen Cycles Ltd appears to be navigating a period of change. While the online business seems to be thriving, the financial data suggests some challenges. It’s a small, family-run operation with a good reputation, but it will need to manage its finances carefully to ensure long-term success.

Registered in England/Wales under the registration number 12213978, with a registered address at CA6 5LY, United Kingdom, Carlisle, Cumbria, Unit 2 Sandilands, Longtown.

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