Upgrade Bikes Limited

Upgrade Bikes Ltd, based in Worthing, UK, is a sizable company operating as a holding company with an active status. Established 22 years ago in December 2002, the business employs 32 people and holds £7,831,674 in assets. While it maintains a virtual address – with 333 companies registered at the same location – it’s managed by three directors and one owner. The company runs an e-commerce site and boasts a stellar 5.0 Google rating based on 34 reviews. It’s a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 963 months of import activity and 104 months of export activity recorded.

The company’s website showcases a wide range of bicycle parts and accessories, from brake pads and sealant to workshop tools. It’s clear that Upgrade Bikes caters to both retail customers and professional bike shops, offering a comprehensive selection of brands and services. The site also highlights the company's origins, founded in 1995 by two friends passionate about cycling – a nice personal touch.

Financially, Upgrade Bikes Ltd presents a mixed picture. While current assets remain steady, the company has seen some notable shifts. Accrued liabilities have increased significantly by 110%, while deferred income has also risen. Depreciation on computer equipment has increased by 14%, suggesting ongoing investment in technology. However, administrative expenses have skyrocketed by 830%—a potentially concerning trend that warrants further investigation. Bank cash has decreased by 12%. Despite these challenges, the company’s net assets have decreased by 19%.

The company’s small auditor firm hasn't been mentioned, which is likely due to its size. Overall, Upgrade Bikes Ltd appears to be a well-established e-commerce business navigating a changing financial landscape. The surge in administrative expenses, however, is something to keep an eye on.

Registered in England/Wales under the registration number 04608351, with a registered address at BN11 1QR, Worthing, West Sussex, Amelia House, Crescent Road.

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