Wattbike Limited

Wattbike Limited, based in Nottingham, UK, is a large company holding status, founded nineteen years ago in 2005. Employing seventy-six people and boasting £4,327,100 in assets, it’s a significant player in the exercise equipment sector. With three directors and one owner, the company operates a thriving e-commerce site and maintains a 3.0 Google rating from 102 reviews. It regularly imports and exports toys, games, and sports equipment, with a history of 122 months of imports and 182 months of exports.

The Wattbike website showcases a range of smart indoor bike trainers, including the Atom, Proton, and Air models, catering to both dedicated cyclists and fitness enthusiasts. It offers accessories, sportswear, and bundles, alongside a free training app and compatibility with popular fitness platforms like Zwift and TrainerRoad. The site’s content emphasizes performance, technology, and a community of Wattbike users, with a blog featuring stories and training tips.

Financially, Wattbike Limited’s report reveals a mixed picture. While turnover remained relatively stable, net assets plummeted 70% to -£11,000, a significant decline. Cash bank on hand dropped 81% to £360,000, and bank borrowings increased 45% to £1,100,000. Staff costs decreased 15% to £2,900,000, and administrative expenses fell 6.5% to £7,500,000. Creditors decreased 2.3% to £1,100,000. The company's size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. UHY Hacker Young served as the auditor.

The sharp drop in equity and cash reserves, however, raises questions about the company’s financial health. It’s possible this reflects strategic investments in product development or marketing, but the trend warrants close monitoring. Despite these challenges, Wattbike's strong brand reputation and focus on innovation position it well to capitalize on the growing demand for smart exercise equipment.

Registered in England/Wales under the registration number 05554245, with a registered address at NG11 7EP, England, Nottingham, Nottinghamshire, Unit 13 Nottingham South & Wilford Industrial Estate, Ruddington Lane, West Bridgford.

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