Take Charge Bikes Ltd

Take Charge Bikes Ltd, based in Bath, UK, is a small, active company founded thirteen years ago in 2011. Employing five people and holding £239,783 in assets, it operates from a real address and is overseen by two directors and one owner. The business regularly imports vehicles, parts, and accessories (excluding trains and trams), with thirteen months of import activity recorded as of December 2024. It also occasionally exports clothing and accessories made by knitting or crocheting, with one month of export activity as of February 2023. The company’s website is non-existent, so it’s unclear if they have an e-commerce presence. They operate in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries.

Financially, Take Charge Bikes Ltd presents a mixed picture. While cash reserves increased significantly by 150% to £7,300, net assets decreased by 22% to £85,000. Bank borrowings have also increased, with overdrafts up 15% to £25,000. Creditors have risen sharply, increasing by 130% to £83,000, which could indicate increased supplier costs or extended payment terms. Trade debtors have decreased by 28%, which is a positive sign. The company meets two of the three criteria to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, likely due to its small size and exemption from an audit.

The increase in bank borrowings and rise in creditors, combined with the decrease in net assets, suggest the company is burning through cash. However, the increase in cash reserves and decrease in trade debtors offer a glimmer of hope. It’s possible that the company is investing in growth or facing temporary challenges. The lack of a website makes it difficult to assess its online presence and customer engagement, but the company's retail focus suggests a traditional brick-and-mortar operation.

Registered in England/Wales under the registration number 07713765, with a registered address at BA2 3EH, Bath, Banes, 1 Victoria Buildings, Lower Bristol Rd.

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