The Bike Sanctuary Ltd

The Bike Sanctuary Ltd from Milton Keynes, UK, is a small, active company founded four years ago. With seven employees and £818,709 in assets, it’s a family business led by a single director and two owners, boasting a stellar 5.0 Google rating from 196 reviews. The company irregularly imports vehicles, parts, and accessories—specifically, motorcycles—with the latest import activity recorded two months ago in September 2024.

The Bike Sanctuary operates primarily as a retailer of new and used motorcycles, offering a wide range of brands like Benelli, BSA, CFMOTO, and Royal Alloy. Its website showcases a diverse inventory, catering to riders with various license levels, from CBT holders to those with full licenses. Beyond sales, the company provides services like motorcycle servicing, repairs, and even offers finance options and training. It also acts as an official dealer for Talaria e-bikes, expanding its offerings into the electric motorcycle market.

Financially, The Bike Sanctuary shows a mixed picture. While current assets increased by 54% to £820,000, net assets took a significant hit, plummeting 95% to just £2,300. Bank borrowings increased by 60%, reaching £220,000, and cash reserves fell dramatically by 84%, leaving just £7,000. Trade debtors decreased by 37%, suggesting improved collection efforts, but creditors surged by 47%, indicating increased reliance on supplier credit. 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. The lack of an auditor mentioned likely reflects its exemption as a small company, with the figures presented as unaudited.

The sharp decline in equity is a cause for concern, suggesting potential cash flow pressures. However, the company’s strong Google rating and diverse product and service offerings indicate a loyal customer base and a potential for future growth. Whether The Bike Sanctuary can navigate these financial challenges and sustain its momentum remains to be seen.

Registered in England/Wales under the registration number 12790360, with a registered address at MK19 7DE, England, Milton Keynes, The Old Woodyard Forest Road, Hanslope.

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