Ride World Ltd

Ride World Ltd, based in Hailsham, UK, is a small, holding company with an active status. Founded eleven years ago in 2014, the company operates a virtual address and runs an e-commerce site. It’s managed by two directors and has one owner, though the list of owners was changed nine years ago and isn't exhaustive.

The company’s website, Ride Sunderland Cycle World, showcases a wide range of cycling products, from road and gravel bikes to kids' bikes and accessories. It’s a full-service operation, offering maintenance, repairs, and even financing options. The site is well-designed and user-friendly, with clear product categories and a helpful blog. It's clear the company is dedicated to providing a comprehensive cycling experience, and it’s got a good Google rating too.

Financially, Ride World Ltd presents a mixed picture. While it’s a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity has plummeted to -£1,100. Bank borrowings have increased, and cash reserves have fallen significantly, suggesting it’s burning through money. Debtor amounts have also increased, which could mean customers are taking longer to pay. The company’s auditor, Watson Associates (Audit Services) Ltd, has delivered its report, but the unaudited figures show a need for careful financial management. The company has also claimed exemption from reporting disclosure related party transactions, which is something to keep an eye on.

Registered in England/Wales under the registration number 08971663, with a registered address at BN27 1DW, Hailsham, East Sussex, 30-34 North Street.

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