Ron Spencer Cycles Limited

Ron Spencer Cycles Ltd, based in Warrington, UK, is a small, family business with an active status, celebrating 47 years in operation. The company employs just two people and holds £166,341 in assets, boasting a perfect 5.0 Google rating from 103 reviews. It’s a real address with two directors and two owners at the helm. The business is an irregular importer, bringing in clothing and accessories made by knitting or crocheting, with just one month of import activity recorded as of October 2021.

The company’s website showcases a diverse range of bicycles, from Bianchi and Giant to Frog Bikes, catering to various riding styles and skill levels. It's clear that Ron Spencer Cycles isn’s just a retailer, but a service provider too, offering bike fitting, workshop repairs, and even custom builds. The website also highlights a heritage dating back to 1978, founded by a National Champion and International cyclist—a testament to its passion for cycling. The site's focus on customer service and personalized expertise suggests a commitment to building lasting relationships with its clientele.

Financially, Ron Spencer Cycles Ltd shows a mixed picture. Current assets have decreased by 39%, falling to £170,000, while net assets have plummeted 43%, landing at £100,000. Bank borrowings have increased significantly, surging 420% to £7,000, and cash reserves have also jumped 420%, reaching £980. Creditors have decreased by 29%, suggesting improved debt management. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Ron Spencer Cycles Ltd is holding steady but facing pressures. The company's long history and dedication to customer service, however, suggest it has the resilience to navigate these challenges—and continue serving the cycling community for years to come.

Registered in England/Wales under the registration number 01337275, with a registered address at WA1 2PF, England, Warrington, Cheshire, 20-24 Crossley Street.

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