Prestacycle Limited

Prestacycle Ltd from Tenby UK: a small, active company founded five years ago, operates as a solo venture with one employee and holds £39,139 in assets. Based at a real address and managed by a single director and owner, the business runs an e-commerce site specializing in cycling gear and accessories. It’s an irregular importer, bringing in vehicles, parts, and accessories—primarily for two months in the last year, with its most recent import operation in July 2024.

The company’s website, prestacycle.com, showcases a range of inflation tools, hand tools, torque tools, and bike care products. It offers a variety of items, including the popular Prestaflator GO, a portable digital inflator, and the TorqRatchet GO, a compact torque wrench. The site also features a bundle of tools and accessories, catering to cyclists of all levels. It’s clear that Prestacycle is focused on providing high-quality cycling tools and equipment directly to consumers.

Financially, Prestacycle Ltd presents a mixed picture. Cash reserves decreased by 23%, settling at £14,000, while bank borrowings increased by 1,100%, reaching £21,000. Trade debtors rose by 1,500%, suggesting potential issues with customer payments, and creditors increased by 17%, indicating growing short-term liabilities. Despite these challenges, the company’s net assets remain positive at -£940. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s likely exempt from an audit, relying on unaudited accounts.

Overall, Prestacycle Ltd seems to be navigating a period of financial pressure. While its e-commerce platform appears active and well-stocked, the increase in debt and decrease in cash reserves suggest a need for careful financial management. Whether the company can sustain its growth and profitability remains to be seen, but its focus on niche cycling products and direct-to-consumer sales offers a potential path forward.

Registered in England/Wales under the registration number 12249701, with a registered address at SA70 7HD, Wales, Tenby, Barclays Bank Chambers, High Street.

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