Rm Cycles Ltd

Rm Cycles Ltd, based in Tenterden, UK, is a small, active company founded seven years ago in 2017. With eight employees and £1,398,342 in assets, it operates from a virtual address—a fact highlighted by sixteen companies registered at the same location. The business is led by one director and one owner, with Marsh Roger Carey holding both roles.

The company specializes in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles, operating an extensive online store. The website showcases a vast range of products, from bikes (mens, womens, kids, electric) and clothing to footwear, helmets, and accessories, featuring brands like Giant, Shimano, and Fox. It also offers cycle-to-work schemes and a workshop service. The website is a full-fledged e-commerce platform, with a clear focus on online sales and a wide selection of products.

Financially, Rm Cycles Ltd shows some interesting trends. Current assets decreased by 7.6% to £1,400,000, while net assets dropped by a significant 40% to £360,000. Bank borrowings surged by 50% to £22,000, and cash reserves remained steady at £120,000. Trade debtors decreased by 64%, suggesting better debt collection. 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 be nimble, but the drop in equity warrants attention. No auditor is mentioned, likely due to its small company status, so the figures are unaudited.

The company is a regular importer of vehicles, parts, and accessories, with four months of import activity recorded, and an irregular exporter, with just one month of export activity. It’s a little unclear why the export activity is so low, but it could be a strategic decision to focus on the UK market.

Registered in England/Wales under the registration number 10890147, with a registered address at TN30 6SY, United Kingdom, Tenterden, Sportsman Farm, St. Michaels.

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