Top Gear Limited

Top Gear Ltd, based in Penryn, UK, is a small, active company established twelve years ago in 2013. With four employees and £301,000 in assets, it operates from a real address and is led by three directors, with Williams Peter Barrow as the sole owner and solo founder. The company is an irregular importer, primarily dealing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring one month ago in February 2022.

Top Gear Ltd’s core business revolves around the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles, operating primarily through its website, Topgearbikes.co.uk. The site showcases a wide range of electric bikes and scooters from brands like Scott, Haibike, Raleigh, and Kalkhoff, offering both in-store and online sales, as well as bike hire and finance options. The website clearly states it is "Cornwall's one-stop shop for all things ebike."

Financially, Top Gear Ltd presents a mixed picture. Current assets have decreased by 22%, dropping to £300,000, while net assets have fallen by 6%, settling at £280,000. Cash bank on hand, however, has increased by 34%, reaching £50,000. Trade debtors have surged by 210%, indicating potential issues with customer payments, and creditors have significantly reduced by 63%, suggesting improved debt management. The company’s size—meeting two of three conditions for being small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—allows for agility, but the decrease in equity warrants further observation. No auditor is mentioned, which is expected given its status as a small company.

The company’s focus on electric bikes and accessories, coupled with its online presence, shows a modern approach to retail. However, the financial data suggests that Top Gear Ltd is navigating a period of change, and its ability to sustain growth will depend on managing its debtors and maintaining its cash reserves.

Registered in England/Wales under the registration number 08404143, with a registered address at TR10 8AQ, England, Penryn, Cornwall, 11 Merchants Wharf Commercial Road.

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