Velo Schils Interbike Limited

Velo Schils Interbike Ltd from Colchester UK: a small, active company founded 17 years ago, employs four people, and holds £83,705 in assets. It’s a solo-founded operation with one director and owner, boasting a perfect 5.0 Google rating from 55 reviews. The company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded just two months ago.

Velo Schils Interbike isn’t your average bike shop. Based in Marks Tey, Colchester, it’s a family-run independent business offering custom-built Schils bikes, Luck cycling shoes, and clothing. The website highlights a passion for cycling since 1948, with a real bike shop atmosphere, a selection of clothes, and a café serving fresh bean coffee and Belgian waffles. The business also offers professional repairs, builds, and servicing. It’s a place where you can not only get a bike that fits perfectly but also enjoy a coffee and watch live cycling.

Financially, Velo Schils Interbike’s report shows a mixed bag. Cash reserves have declined by 34%, sitting at -£2,100, while bank borrowings have increased. Creditors have also increased significantly, jumping 74% to £72,000. However, trade debtors have decreased by 33%, suggesting better management of customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the decline in net assets—down 43% to £4,800—is something to watch. The company’s director remuneration has increased by a significant 92%, reaching £25,000. As a small company, it’s exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 06434374, with a registered address at CO6 1EB, Colchester, Essex, Unit 5 85 London Road, Marks Tey.

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