Shark Bikes Ltd

Shark Bikes Ltd, based in Beverley, UK, is a small holding company with an active status, established five years ago. It operates with a single employee and holds £364,805 in assets, utilizing a virtual address. The company is led by one director and one owner, boasting a stellar 5.0 Google rating from 25 reviews. It functions as an irregular importer, specializing in vehicles, parts, and accessories (excluding trains and trams), with recent import activity recorded one month ago.

The company's website showcases a range of electric bikes and related gear, clearly operating as an e-commerce business. Popular models like the Mako and Hammerhead e-bikes are prominently featured, alongside essential maintenance products from Weldtite. The site offers Beverley bike hire, warranty information, and even a section for careers, demonstrating a broader scope beyond just online sales. It also has a section for donations to the Shark Trust.

Financially, Shark Bikes Ltd presents a mixed picture. While cash bank on hand has dramatically increased by 1700%, reaching £26,000, current assets have slightly decreased to £360,000. Creditors have risen considerably, increasing by 12% to £440,000, and net assets have plummeted to -£54,000. Debtor values have decreased by 11%, suggesting a potential slowdown in customer payments. Despite being a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the significant equity decline raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s financial trajectory suggests it’s burning through money. While the e-commerce side appears vibrant and well-received, the balance sheet reveals a company facing challenges. Whether it can sustain its growth and maintain its high Google rating remains to be seen.

Registered in England/Wales under the registration number 12599638, with a registered address at HU17 9DH, England, Beverley, Units A & B, Mill Lane Industrial Park.

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