Velo-smith Ltd

Velo-smith Ltd, based in Plymouth, UK, is a small, active company established thirteen years ago in 2011. With two employees and £91,617 in assets, it’s a modest operation run by a single director and owner, Fletcher David. The company boasts a stellar 5.0 Google rating from 90 reviews, a testament to its customer service. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories—though it hasn’t imported anything in over a year, with the last activity recorded in February 2022.

Velo-smith’s website, velosmith.com, showcases a diverse range of bicycles and components, from Bianchi and Colnago road bikes to Nukeproof mountain bikes. It’s clear that the company is focused on retail sales, offering both online and in-person services, including bike fitting and workshop repairs. The site also highlights custom builds and a selection of parts and accessories, indicating a commitment to serving a discerning cycling community.

Financially, Velo-smith Ltd presents a mixed picture. While current assets have increased slightly to £92,000, net assets have fallen significantly to -£170,000, a concerning trend. Bank borrowings have surged dramatically, increasing by 1500% to £27,000, while cash reserves remain relatively stable at £2,100. Creditors have also risen considerably, suggesting a need to manage debt more effectively. The company’s small size (meeting two of three conditions for being considered small) allows for agility, but the decline in equity raises questions about its long-term financial health. No auditor is listed, which is common for small, exempt companies.

Overall, Velo-smith Ltd appears to be navigating a challenging period. While its reputation for quality products and service is strong, the company needs to address its declining equity and manage its debt to ensure its continued success. It’s a small business, and the numbers show that it’s working hard, but there are some things that need to be looked at.

Registered in England/Wales under the registration number 07709080, with a registered address at PL7 1RF, England, Plymouth, Unit 21, Vr62 Valley Road.

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