The Bike Shed Devon Limited

The Bike Shed Devon Ltd from Crediton, UK, is a small, active family business founded ten years ago. Employing just four people, the company boasts £2,787,948 in assets and maintains a virtual address, registered at 1a Parliament Square. With two directors and two owners, it operates an e-commerce site and has earned a stellar 5.0 Google rating from 86 reviews. A regular importer of vehicles, parts, and accessories (excluding trains and trams), the company has imported for 13 months, with the latest activity in January 2025. The business is involved in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles.

The Bike Shed Devon’s website, while not fully detailed, points to a retail operation focused on bicycle sales and related accessories. The site’s design is clean and functional, highlighting a range of products and services, including bicycle repairs and servicing. While the website doesn't offer extensive information about the company's history or mission, it clearly positions itself as a local provider of quality cycling products and expertise.

Financially, The Bike Shed Devon Ltd presents a mixed picture. Current assets have increased by a solid 16%, reaching £2,800,000, while net assets have grown by 9.8% to £1,800,000. However, bank borrowings have surged by a staggering 100%, reaching £360,000, and cash reserves have increased to £380,000. Creditors have also increased by 33%, reaching £960,000. 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 agility, but the increase in bank borrowings is something to keep an eye on. There is no auditor mentioned, which is common for small companies. The company’s employees increased by 25%, from 4 to 5, which could be a sign of growth.

Registered in England/Wales under the registration number 09156530, with a registered address at EX17 2AW, Crediton, Devon, 1a Parliament Square, Parliament Street.

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