The Bike Fitters Ltd

The Bike Fitters Ltd, based in Salford, UK, is a small, active company founded just one year ago. With £17,855 in assets and a virtual address shared by eleven other companies, it’s a solo founder operation managed by five directors and one owner, Foy Simon. The company’s primary focus is retail sale of sports goods, fishing gear, camping goods, boats and bicycles, alongside sports and recreation education. It’s also an irregular importer, bringing in optical and medical tools and devices, with the latest import activity recorded in November 2024.

The company’s website, The Bike Fitters UK, highlights a mobile professional bike fitting service, bringing expert fitting directly to customers' homes or offices. It caters to cyclists of all levels, aiming to alleviate discomfort and improve performance. The site emphasizes convenience, qualified experts, and a personalized approach, and even offers franchising opportunities. The company is a member of the British Franchise Association, demonstrating a commitment to high standards.

Financially, The Bike Fitters Ltd presents a mixed picture. While it meets the criteria to be considered a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its equity sits at a negative £30,000, indicating accumulated losses. Cash reserves are a modest £8,700, and bank borrowings remain at £580. Creditors have risen to £47,000, and debtors are £9,100. The lack of a reported number of employees suggests a lean operation. With no auditor mentioned, the financial statements are unaudited.

Overall, The Bike Fitters Ltd appears to be navigating early-stage challenges. While its innovative mobile bike fitting service shows promise, the negative equity and reliance on borrowed funds suggest a need for careful financial management. The company's focus on franchising, however, could provide a pathway to growth and stability—but it’s a gamble that requires careful execution.

Registered in England/Wales under the registration number 14979559, with a registered address at M3 5JZ, England, Salford, Manchester, Alex House, 260/8 Chapel Street.

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