Solacycles Ltd

Solacycles Ltd is a small, active company based in Scarborough, UK, founded six years ago in 2018. It’s a solo founder operation with one director and owner, Abel David James, holding £27,904 in assets and operating from a real address. The company specializes in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles, alongside other retail sales via mail order and internet. It also has a physical store selling electric bicycles.

The company's website, Scarborough Bicycles, showcases a range of electric bikes and accessories, with a focus on affordable options and direct-to-public sales. They offer a variety of models, including mountain bikes, fat tire e-bikes, and even folding mini electric bicycles, alongside accessories like anti-glare glasses and bicycle lights. Customer testimonials highlight positive experiences with the store and its products, with many praising the service and reasonable prices. The site also mentions demo bikes and by-appointment-only availability, suggesting a personalized shopping experience.

Financially, Solacycles Ltd presents a mixed picture. Current assets have decreased slightly, dropping by 4%, while net assets have fallen dramatically, down 74% to £110. Bank borrowings have remained stable, but cash reserves have shrunk by 56%, leaving just £7,800. Creditors have also decreased slightly, suggesting some improvement in debt management. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the significant drop in equity is concerning. No auditor is mentioned, which is common for small, exempt companies.

It appears Solacycles Ltd is navigating a challenging period, potentially reflecting the pressures of a competitive market or rising costs. The company’s focus on affordable electric bikes and personalized service, however, could provide a buffer against these headwinds—though the long-term sustainability of the business will depend on its ability to manage its finances and maintain customer satisfaction.

Registered in England/Wales under the registration number 11582704, with a registered address at YO12 5EA, England, Scarborough, 67 Falsgrave Road, J & D Accountants.

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