Racebikebitz Ltd

Racebikebitz Ltd from Royston UK: a small, active company founded fifteen years ago, employs ten people, and holds £518,356 in assets. It’s a real address, managed by a single director and owner, who is also the solo founder. The company is an irregular importer of vehicles, parts, and accessories (not for trains or trams) with just one month of import activity recorded, but a regular exporter, boasting 193 months of export activity.

Racebikebitz Ltd operates as a distributor for Samco Sport, a manufacturer of silicone hoses and clamps, and its website showcases a wide range of products for various motorcycle models, including Harley Davidson, Yamaha, and Ducati. The site functions as an e-commerce platform, allowing customers to browse and purchase products online. It’s clear that the company focuses on high-performance parts, with detailed product descriptions and fitting guides available. The website also highlights the company’s commitment to quality, with lifetime warranties on Samco Sport products.

Financially, Racebikebitz Ltd shows a mixed picture. Current assets have decreased by 15%, dropping to £520,000, while net assets have fallen by 23%, settling at £220,000. Bank borrowings have significantly decreased by 46%, now at £12,000, and cash reserves have also declined by 37%, now at £89,000. Trade debtors have increased by a substantial 43%, reaching £92,000, and creditors have also risen by 46%, now at £12,000. 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 it to remain nimble, but the decline in equity raises questions about its long-term financial stability. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s property, plant, and equipment have increased substantially, with Land Buildings rising by 210%, Plant Machinery down by 13%, and Vehicles down by 70%. It's possible the company has invested in new equipment to support its distribution operations, but the drop in cash reserves suggests it may be carefully managing its expenses. The company's focus on high-performance motorcycle parts and its established online presence suggest a solid foundation, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 06946557, with a registered address at SG8 5HA, Royston, Herts, Unit 16 Orchard Road.

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