Thorn Cycles Limited

Thorn Cycles Ltd from Somerset, UK, is a small, family-run business with an active status, celebrating 24 years since its founding. With 40 employees and £3,025,426 in assets, it’s a well-established player in the cycling industry. The company operates from a real address and is managed by three directors and two owners. A Google rating of 4.0 from nine reviews suggests a positive customer experience, and it runs an e-commerce site. Thorn Cycles regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 325 months of import activity and 77 months of export activity recorded.

The company’s website showcases bespoke Thorn touring bicycles and tandems, emphasizing handcrafted quality and personalized service. It provides detailed contact information, including a dedicated phone line and email address for sales inquiries, and features a blog with customer testimonials and feedback. The site’s design is clean and functional, highlighting the company’s commitment to providing high-quality cycling products and exceptional customer support. The website also offers a forum for enthusiasts and a section dedicated to technical FAQs.

Financially, Thorn Cycles Ltd’s report reveals some interesting trends. Accumulated amortisation for development costs has remained constant, as has goodwill. However, depreciation on property, plant, and equipment has seen a notable decrease, suggesting reduced investment in fixed assets. Cash bank holdings have fallen by a significant 40% to £450,000, while trade creditors have decreased by 36%, indicating improved debt management. Net assets have remained relatively stable, and the company’s average number of employees has decreased slightly to 36. Despite these changes, 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 it to maintain agility. No auditor is mentioned, likely due to its status as a small company, so the figures rely on unaudited statements.

Overall, Thorn Cycles Ltd appears to be a stable, albeit slightly leaner, operation. Its focus on bespoke products, strong customer service, and family ownership positions it well within the niche cycling market, but the decrease in cash reserves warrants attention.

Registered in England/Wales under the registration number 04121096, with a registered address at TA6 5HX, Somerset, 91-93 Saint John Street, Bridgwater.

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