Temple Cycles Ltd

Temple Cycles Ltd, based in Bristol, UK, is a small, active company founded ten years ago in 2014. With 21 employees and £1,376,841 in assets, it's a modest operation led by two directors and a single owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with a history of 218 months of importing and 89 months of exporting.

The company’s website, templecycles.com, showcases a stylish range of steel bikes, emphasizing lightweight design and British craftsmanship. It’s clear they’re targeting a niche market of discerning cyclists, offering gravel, adventure, hybrid, city, electric, and road bikes, as well as a selection of accessories and clothing. They even have a dedicated "Help Me Choose" section with a quiz and quick guide, indicating a focus on customer support and personalized recommendations. The site also features a global shipping option, and a wide range of currencies, suggesting a desire to expand internationally.

Financially, Temple Cycles Ltd's recent report reveals some concerning trends. Net assets have plummeted by a staggering 49%, falling from £1,200,000 to £600,000. Cash reserves have also decreased significantly by 27%, dropping to £260,000. Bank borrowings, while not new, remain at £640,000. Creditors have also decreased, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises questions about its financial health. The average number of employees has also decreased from 21 to 13, which could be a result of restructuring or a slowdown in business. The report doesn't mention an auditor, likely due to the company's small size and exemption from an audit.

In conclusion, Temple Cycles Ltd appears to be a stylish and well-branded company, but its recent financial performance indicates potential challenges. The decrease in equity and employee numbers are concerning, and the company will need to address these issues to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09011758, with a registered address at BS3 2UN, United Kingdom, Bristol, 22 Brookgate.

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