Source Bmx Ltd
- Small
- Holding
- Active
- 1 year
- 41 employees
- £4,542,216 (assets)
- Real address
- 2 directors
- 1 owner
- Regular importer
- Irregular exporter
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Source BMX Ltd, based in St. Leonards-On-Sea, UK, is a small holding company with an active status. Founded just one year ago in August 2023, it employs forty-one people and holds £4,542,216 in assets. The company operates from a real address and is overseen by two directors and one owner. It's a regular importer, specializing in vehicles, parts, and accessories (excluding trains and trams), with twenty-five months of import activity recorded, the last in February 2025.
The company's website, Source BMX, is a large online retailer of BMX bikes, parts, and accessories. It offers a wide range of brands and products, catering to both recreational and professional riders. The site features a custom bike builder tool, a rewards program, and a blog with BMX-related content. It’s clearly focused on e-commerce, with a user-friendly interface and detailed product descriptions.
Financially, Source BMX Ltd shows a mixed picture. Accumulated amortisation and depreciation have increased, suggesting investment in intangible and tangible assets. Cash bank on hand remains steady at £29,000, but creditors have remained constant at £1,500,000. Current assets are also steady at £4,500,000. Trade debtors are also steady at £110,000. 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 remain nimble. The company is not audited, which is common for small entities.
While the company appears to be holding steady, the constant creditors and lack of profit could be a concern. The website, however, suggests a thriving online business, and the company’s focus on BMX culture could help it retain a loyal customer base. The company is owned by Wheels Of Steel Holdings Ltd.
Registered in England/Wales under the registration number 15065110, with a registered address at TN38 9NN, England, St. Leonards-On-Sea, East Sussex, C/O Source Bmx, Maunsell Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- 1 year
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 1 year
- 2
-
Resident of United Kingdom
-
Individual
- 1 year
- 3
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted ten months ago.
Last news
-
Total exemption full accounts made up to 2024-12-31Download 7 pages pdf report
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Confirmation statement made on 2024-08-10 with updatesDownload 4 pages pdf report
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Satisfaction of charge 150651100001 in fullDownload 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Source Bmx Ltd
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