Singular Events Uk Ltd

Singular Events Uk Ltd is a small, active company from London, UK, founded three years ago in 2022. With 27 employees and £1,043,063 in assets, it’s a modest operation run by one director and one owner. The company's real address is registered at W1D 5DY, England, London, 4th Floor, The Wingate, 93-107 Shaftesbury Avenue. It regularly imports toys, games, and sports equipment (four months of import activity recorded) and exports clothing and accessories made by knitting or crocheting (also four months).

The company's website, singularcycles.com, reveals a fascinating core business: the design and manufacture of steel and titanium bicycles. Singular Cycles specializes in adventure bikes, gravel bikes, and bikepacking rigs, catering to a niche market of discerning cyclists. The site highlights the company's commitment to quality, craftsmanship, and unique designs, with reviews and customer builds prominently featured. It seems the company is doing well with its website, and it has a great Google rating.

Financially, Singular Events Uk Ltd presents a concerning picture. Net assets have plummeted by a staggering 8,200%, settling at a negative £2.3 million. Turnover has also taken a hit, dropping 78% to just £2.1 million. Bank borrowings have increased significantly, and cash reserves have dwindled to a mere £16,000. Trade debtors have also increased, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the dramatic equity drop and significant losses raise serious questions about its long-term viability. No auditor is mentioned, which is likely due to its status as a small company.

Despite the concerning financials, Singular Cycles' strong brand and loyal customer base suggest potential for recovery. The company's focus on high-quality, custom-built bicycles could help it weather the storm, but significant changes are likely needed to address the underlying financial challenges.

Registered in England/Wales under the registration number 14002729, with a registered address at W1D 5DY, England, London, 4th Floor, The Wingate, 93-107 Shaftesbury Avenue.

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