Propain Bicycles Uk Ltd

Propain Bicycles Uk Ltd, based in Crawley, UK, is a small, active company founded just three years ago in 2021. With £487,557 in assets and a real registered address, it's a lean operation employing just two people and overseen by a single director. Notably, there are no owners reported, suggesting the director holds all shares. The company operates an e-commerce site, showcasing a 5.0 Google rating from 18 reviews, and regularly imports vehicles, parts, and accessories—a trend spanning 36 months, with the latest import occurring in February 2025.

Propain Bicycles specializes in custom-handcrafted mountain bikes, offering a wide range of models from gravel bikes to downhill rigs, youth bikes, and even electric bikes. The website, brimming with product listings and technical specifications, caters to serious cyclists and enthusiasts. It also features a news section highlighting events like the Rampage and showcasing new product releases. The site even offers test rides and demo days, indicating a commitment to customer engagement.

Financially, Propain Bicycles presents a mixed picture. While current assets increased by 51% to £490,000, net assets plummeted 800% to -£420,000. Bank borrowings are at zero, and cash reserves stand at £140,000. Creditors increased by 100%, reaching £1,100,000, and trade debtors decreased significantly, suggesting potential cash flow challenges. 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 substantial equity decline raises concerns. The accounts are unaudited, and Tuerner Audit Limited served as the auditor.

Overall, Propain Bicycles appears to be a dynamic e-commerce business with a strong brand and loyal customer base. However, the financial data suggests it may be burning through money, and the lack of owners could indicate management issues, though it’s difficult to say for sure.

Registered in England/Wales under the registration number 13622618, with a registered address at RH10 1AX, England, Crawley, West Sussex, Unit 1-2 Spindle Court, Spindle Way.

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