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
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
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
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 10 years
- 5
-
Resident of United Kingdom
-
Individual
- 16 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted one year ago.
Last news
-
Administrator's progress reportDownload 16 pages pdf report
-
Statement of affairs with form AM02SOA/AM02SOCDownload 13 pages pdf report
-
Notice of deemed approval of proposalsDownload 3 pages pdf report
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
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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