Woodrup Cycles Limited

Woodrup Cycles Ltd from Leeds UK: a small, family business, is active and has been around for 13 years. With nine employees and £872,404 in assets, it’s a well-established operation. Two directors and two owners manage the company, which boasts a stellar 5.0 Google rating from 352 reviews. They regularly import vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded four months ago.

Based in Leeds on Kirkstall Road, Woodrup Cycles has loyally served the Yorkshire cycling community for over 70 years. Originally associated with road racing, it now caters to all cyclists, from road riders to those exploring trails on mountain bikes. The company stocks bikes from brands like Giant, Cube, and Frog, and also offers custom steel frame builds. Their website showcases a wide range of products, including e-bikes and accessories, and even highlights piano restoration services through a related business, 1066 Pianos.

Financially, Woodrup Cycles shows a mixed picture. Cash reserves increased significantly, jumping 95% to £290,000, which is good news. However, creditors have also risen by 49%, reaching £210,000, and net losses deepened. Bank borrowings increased by 2,400%, reaching £29,000, which is a large increase. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in debt is something to watch. With no auditor mentioned, the financial statements are unaudited. It’s a solid business, but it’s important to keep an eye on the debt levels.

Registered in England/Wales under the registration number 07793308, with a registered address at LS4 2HD, England, Leeds, West Yorkshire, 345/9 Kirkstall Road.

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