Pipedream Cycles Ltd

Pipedream Cycles Ltd, based in Perth, UK, is a small holding company with an active status, established ten years ago in 2014. Employing just one person, the company holds £103,157 in assets and operates from a virtual address, a detail worth noting as 122 companies are registered at the same location. It’s managed by a single director and owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 19 months of import activity and 10 months of export activity recorded.

The company’s website showcases a range of bicycle frames, from the full-suspension "Full Moxie" to the hardtail "Sirius S6," catering to various riding styles and budgets. It appears to be primarily an e-commerce operation, with a focus on direct-to-consumer sales. The website highlights features like drop-optimized geometry, adjustable dropouts, and even a self-play system integration for pianos – a surprising diversification. There’s a strong emphasis on British craftsmanship and a community feel, with a dedicated Facebook owners group.

Financially, Pipedream Cycles Ltd presents a mixed picture. While cash bank on hand decreased by 26% to £29,000, other inventories increased by 28% to £72,000. Net assets and liabilities, however, took a significant hit, plummeting 130% to £7,600 – a concerning trend. Bank borrowings increased by a substantial amount, reaching £29,000, and trade debtors decreased dramatically, suggesting improved collection. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the decline in equity warrants closer attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Pipedream Cycles Ltd seems to be navigating a period of financial pressure, despite its strong online presence and niche product offering. The company's ability to maintain its growth trajectory will likely depend on its ability to manage its debt and improve its profitability.

Registered in Scotland under the registration number SC484790, with a registered address at PH1 5JN, Scotland, Perth, 6 Atholl Crescent.

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