Two Wheel Solutions Ltd

Two Wheel Solutions Ltd from Preston UK: a small, active company founded nine years ago, employs two people, and holds £297,732 in assets. It’s a solo-founded venture led by one director and owner, Patel Irfan, and enjoys a stellar 5.0 Google rating from 68 reviews. The company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with just one month of import activity recorded as of May 2016.

The business operates a motorcycle dealership and repair shop, offering a wide range of used motorcycles, parts, and accessories. Its website, TWS Motorcycles, is open for viewings by appointment and advertises a diverse inventory, including everything from Ducatis to Harleys. The site emphasizes quality used bikes, flexible finance options, and global delivery services, catering to a broad customer base. They even offer to source specific models for customers, showcasing a commitment to personalized service.

Financially, Two Wheel Solutions Ltd presents a mixed picture. While current assets increased by 49% to £300,000, creditors jumped 39% to £220,000, suggesting increased reliance on credit. Bank cash fell by 15% to £51,000, and trade debtors rose dramatically by 260% to £80,000 – perhaps indicating a shift towards extended payment terms for customers. Retained earnings, however, increased by a whopping 280% to £61,000, which is a positive sign. The company’s small size (meeting two of three criteria for a small company) helps keep overheads manageable, but the increase in debt warrants close monitoring. The accounts are unaudited, and no auditor is mentioned, which is common for companies of this size.

Overall, Two Wheel Solutions Ltd seems to be navigating a period of growth, but the increase in debt and rising debtors need to be watched closely to ensure long-term financial health.

Registered in England/Wales under the registration number 10012336, with a registered address at PR1 7RE, England, Preston, 75-77 Aqueduct Street.

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