Strype Street Cycles Ltd

Strype Street Cycles Ltd from London UK: a small, active company founded five years ago, employs eight people, and holds £544,803 in assets. It’s a real address with two directors and two owners—a solo founder at its core—and enjoys a stellar 5.0 Google rating from 110 reviews. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded just four months ago.

The business operates as a bicycle shop, offering a wide range of road, gravel, time trial, and cross bikes, alongside accessories and maintenance services. Its website showcases brands like Argon 18, BMC, and Cervelo, and offers services like bike fitting and workshops. It's clear that Strype Street Cycles caters to cycling enthusiasts of all levels, providing expert advice and quality products.

Financially, the company’s numbers paint a mixed picture. Current assets have increased by 9.5% to £540,000, which is good news. However, net assets have decreased by 28% to £73,000—a significant drop. Bank borrowings have also increased, reaching £9,900. Creditors have decreased slightly, and cash reserves have improved by 59% to £120,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Strype Street Cycles Ltd seems to be navigating a period of change. While its asset base has grown, the decrease in net assets suggests it may be burning through cash. The company’s strong Google rating and focus on quality products should help it maintain a loyal customer base, but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 12277646, with a registered address at E1 7LF, United Kingdom, London, 8 Strype Street.

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