Ride Repair Cycles Ltd

Ride Repair Cycles Ltd, based in Grange-Over-Sands, UK, is a small, active company founded five years ago in 2019. With two employees and £47,977 in assets, it’s a solo-founded operation managed by a single director and owner, Rayton Lee. The business operates as an importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity recorded just one month ago. It also runs a bicycle repair shop and supplies parts, frames, and bikes from leading companies like Mondraker and Evil Bikes.

The company’s website highlights its services, including bicycle repairs, bespoke builds, and the supply of parts and accessories. It's clear that they’re focused on providing quality repair services at affordable prices, with over 19 years of experience behind them. They also have a strong online presence, showcasing their products and services to a wide audience.

Financially, Ride Repair Cycles Ltd presents a mixed picture. While cash reserves increased dramatically, jumping 1,100% to £12,000, current assets decreased by 17% to £48,000. Creditors also increased significantly, rising 140% to £27,000, which could indicate increased purchasing to meet demand. Equity, however, declined by 5.5% to -£61,000, suggesting the company is burning through cash. The company's small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in equity is something to keep an eye on. No auditor is mentioned, which is typical for a small company exempt from an audit.

Overall, Ride Repair Cycles Ltd seems to be operating, but the financial figures suggest it’s facing challenges. The company’s focus on quality repairs and its strong online presence are positives, but managing cash flow will be crucial for its long-term success.

Registered in England/Wales under the registration number 12165884, with a registered address at LA11 7BP, England, Grange-Over-Sands, 8 Abbots Way, Abbots Way.

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