Rockinbikes Ltd

Rockinbikes Ltd from Yelverton UK: a small, active company founded twelve years ago, employs six people, and holds £302,410 in assets. With a real address and three directors overseeing operations, the business is owned by two individuals. Its e-commerce site enjoys a stellar 5.0 Google rating from 66 reviews, and it regularly imports vehicles, parts, and accessories (excluding trains and trams), with the last import occurring four months ago. The company operates in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles.

The Rockin Bikes website showcases a wide range of products, from bikes for men and women to clothing, footwear, and accessories. It also offers parts, tools, and maintenance supplies, and even provides a workshop booking service. The site promotes its support for cycle schemes, offering discounts on bikes and equipment through initiatives like the Green Commute Initiative. It also offers custom builds and showcases a range of top bike brands like Santa Cruz, Scott, and Whyte.

Financially, Rockinbikes Ltd presents a mixed picture. Current assets have decreased by 13%, dropping to £300,000, while net assets have fallen by 14%, settling at £390,000. Bank borrowings have increased significantly, surging 110% to £73,000, and cash reserves have declined by 11% to £48,000. Creditors have also risen, increasing by 67% to £21,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity could indicate financial pressure. No auditor is mentioned, likely due to its status as a small company, meaning the figures are unaudited.

Despite these challenges, Rockinbikes Ltd maintains a strong online presence and a loyal customer base, suggesting a resilient business model. The increase in bank borrowings, however, warrants careful monitoring, and the company will need to continue focusing on customer satisfaction and efficient operations to ensure long-term success.

Registered in England/Wales under the registration number 08140196, with a registered address at PL20 6WE, England, Yelverton, 7 & 8 Harrowbeer Mews.

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