The Cycle Division Ltd.

The Cycle Division Ltd, based in Castleford, UK, is a small, family-run business with an active status, having operated for 23 years. Employing 18 people, the company holds assets valued at £1,807,402 and maintains a real address. With four directors and three owners, it functions as a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), having imported for 221 months and exported for 3 months.

The company’s website showcases a comprehensive online store, offering a vast range of cycling components and accessories. From bags and bottles to helmets and wheels, the site caters to a wide audience. Notably, it includes a dedicated section for cycle repair and maintenance products, indicating a focus on supporting the cycling community. The website’s layout is functional, and the product listings are detailed, with clear pricing and specifications. The site also features a "call us now" button, suggesting a desire to provide personalized customer service.

Financially, The Cycle Division Ltd’s recent report reveals some concerning trends. While turnover remained stable at £2,100,000, net assets decreased by 5.4% to £1,300,000. Cash reserves also declined by 9.2% to £180,000. Creditors, however, decreased by 37%, suggesting improved debt management. Bank borrowings surged by 2,400%, reaching £29,000, a significant increase. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited.

The company’s import activity, with 221 months of imports, suggests a reliance on external suppliers. The recent surge in bank borrowings could be attributed to increased inventory purchases to meet demand, or perhaps to fund expansion. The decrease in cash reserves, alongside the increase in bank borrowings, suggests that the company is burning through cash, which is something to keep an eye on. The company’s long history and family ownership provide stability, but the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 04342090, with a registered address at WF10 1AE, Castleford, West Yorkshire, 18 Wesley Street.

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