Velo Bici Ltd

  • In Administration
  • Small
  • 16 years
  • 6 employees
  • £339,204 (cur assets)
  • 0-1m
  • Regular importer
  • Regular exporter
  • Virtual address
  • 2 directors
  • 1 owner
  • Reading

Field of Operation

Retail sale of clothing in specialised stores
47710 31592 companies

Website

Social media

ebay

Summary

Velo Bici Ltd from Stratford-Upon-Avon UK: a small, active company founded fourteen years ago, employs six people, and holds £925,435 in assets. It operates from a virtual address, managed by two directors and one owner. The company regularly imports clothing and accessories made by knitting or crocheting (for three months) and exports the same items (for ninety-nine months).

The company’s website showcases a retail business specializing in cycling and sporting goods, with a particular focus on high-quality bicycles and related accessories. It appears to operate both online and through a physical store, offering a range of products from renowned brands. The website also highlights repair and maintenance services, suggesting a focus on customer support and building relationships. It seems like a fairly standard retail operation, with a focus on a niche market.

Financially, Velo Bici Ltd shows some concerning trends. Current assets decreased by 1.7% to £930,000, while net assets dropped 11% to -£300,000. Bank borrowings increased by 2.0% to £130,000, and cash reserves fell 83% to just £3,000. Creditors increased by 15% to £1,100,000. 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 flexibility, but the significant equity decline is a red flag. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

In short, Velo Bici Ltd is facing financial pressures. While the retail side appears to be operating, the declining equity and low cash reserves suggest the company is burning through money. Whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 07296602, with a registered address at RG1 2AN, Reading, Berkshire, Unit 8, The Aquarium Building, King Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

Owners & PSC

  • 9 years
  • 25%+

Managers

  • 10 years
  • 5
Company director
  • 16 years
  • 2
Designer

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Administrator's progress report
  2. Statement of affairs with form AM02SOA/AM02SOC
  3. Notice of deemed approval of proposals

Importer profile by HS codes

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Import HS codes in detail

Last imported products

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

Exporter profile by HS codes

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Export HS codes in detail

Last exported products

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

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