Slane Cycles Ltd

Slane Cycles Ltd from Belfast, UK, is a small, family-run business that’s been active for eleven years. Employing just four people, the company holds £601,270 in assets and operates from a virtual address – thirteen companies registered at the same address, so it’s probably virtual. With two directors and two owners, it’s a tight-knit operation. The company irregularly imports clothing and accessories made by knitting or crocheting, with just one month of import activity recorded, and exports vehicles, parts, and accessories, with two months of export activity.

Slane Cycles Ltd operates a well-established online store, SlaneCycles.com, selling a wide range of cycling equipment, from road bikes and mountain bikes to clothing and accessories. The website boasts top brands like Bianchi, Colnago, Ridley, and Sram, catering to both casual riders and serious cyclists. The site offers expert advice from staff with over 40 years of experience and provides custom bike building assistance. The company also has a section for popular brands, and a gift voucher section.

Financially, Slane Cycles Ltd shows some concerning trends. Current assets have decreased by 15% to £600,000, and net assets have dropped by 24% to £31,000. Bank cash has plummeted 64% to just £840, and creditors have decreased by 7%. 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 sharp equity drop raises questions. The company’s net losses deepened, and trade debtors ballooned. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these financial pressures, Slane Cycles Ltd appears to maintain a strong online presence and a loyal customer base. The company’s focus on expert advice and custom bike building suggests a commitment to providing a personalized shopping experience.

Registered in Northern Ireland under the registration number NI622782, with a registered address at BT9 7EW, Belfast, 405 Lisburn Road.

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