Bike Republic Limited

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bike republic limited Company Information

Company Number

03623058

Next Accounts

536 days late

Directors

Jonathan Cole

Andrew Hefferman

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Shareholders

jonathan cole

stephen beetham

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Group Structure

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Industry

Retail sale via mail order houses or via Internet

Registered Address

no 5 bizspace, steel house 4300 parkway, fareham, hampshire, PO15 7FP

Website

http://velorution.com

bike republic limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of BIKE REPUBLIC LIMITED at £3.1m based on Net Assets of £1.2m and 2.58x industry multiple (adjusted for liquidity).

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Bike Republic Limited is a live company located in fareham, PO15 7FP with a Companies House number of 03623058. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in August 1998, it's largest shareholder is jonathan cole with a 75% stake. Bike Republic Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Pomanda's financial health check has awarded Bike Republic Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £2.3m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (1.4%)

EXPORT

Bike Republic Limited's latest turnover from January 2022 is estimated at £2.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Bike Republic Limited has 29 employees and maintains cash reserves of £370.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,273,573	1,855,450	1,426,098	1,272,020	821,144	652,002	697,968	1,310,687	819,012	487,897	502,187	198,817	59,555
Other Income Or Grants
Cost Of Sales	1,722,625	1,398,936	1,061,877	948,363	611,769	480,116	512,308	937,586	369,228	236,238	364,196	142,915	43,015
Gross Profit	550,949	456,514	364,222	323,657	209,375	171,886	185,659	373,100	449,784	251,659	137,991	55,902	16,541
Admin Expenses	361,224	36,885	714,434	536,309	357,103	372,774	157,793	353,899	438,533	283,292	133,680	47,072	-4,698
Operating Profit	189,725	419,629	-350,212	-212,652	-147,728	-200,888	27,866	19,201	11,251	-31,633	4,311	8,830	21,239
Interest Payable				421	1,124	1,828	1,182			88	3,710	6,602	2,893
Interest Receivable	1,049	236	378	447	418	182	2	3			46	34	19
Pre-Tax Profit	190,774	419,865	-349,834	-212,625	-148,435	-202,534	26,686	19,204	11,251	-31,633	647	2,261	18,365
Tax	-36,247	-79,774					-5,337	-4,033			-168	-633	-5,142
Profit After Tax	154,527	340,091	-349,834	-212,625	-148,435	-202,534	21,349	15,171	11,251	-31,633	479	1,628	13,223
Dividends Paid
Retained Profit	154,527	340,091	-349,834	-212,625	-148,435	-202,534	21,349	15,171	11,251	-31,633	479	1,628	13,223
Employee Costs	675,358	601,274	518,061	164,398	271,521	196,051	197,151	152,197	217,953	104,742	62,207	42,619	21,341
Number Of Employees	29	27	23	7	12	9	9	7	5	3	3	2	1
EBITDA*	274,273	472,352	-308,350	-180,606	-108,147	-183,456	39,961	39,180	27,464	-15,523	11,404	15,922	21,239

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	169,914	191,827	204,028	222,797	243,532	197,403	77,877	86,232	45,871	52,342	56,735	63,828	70,920
Intangible Assets	111,571	136,728	115,557	65,011	20,015	34,685	8,716	17,433	26,150	34,867
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	281,485	328,555	319,585	287,808	263,547	232,088	86,593	103,665	72,021	87,209	56,735	63,828	70,920
Stock & work in progress	1,323,093	889,335	846,342	787,056	772,346	698,043	600,852	454,558	392,241	197,002	57,326	37,781	19,614
Trade Debtors	389,835	281,820	178,929	129,996	49,862	24,487	39,352	158,946	15,413	3,186	122,772	40,826	10,388
Group Debtors
Misc Debtors					130,215	92,918	93,922		188,156	225,969
Cash	370,513	468,617	3,468	97,379	21,896	145,204	605	309	753	511	12,357	5,931	7,529
misc current assets
total current assets	2,083,441	1,639,772	1,028,739	1,014,431	974,319	960,652	734,731	613,813	596,563	426,668	192,455	84,538	37,531
total assets	2,364,926	1,968,327	1,348,324	1,302,239	1,237,866	1,192,740	821,324	717,478	668,584	513,877	249,190	148,366	108,451
Bank overdraft					12,467	22,132	36,364			2,693
Bank loan
Trade Creditors	962,683	720,611	440,699	498,319	228,838	172,995	189,751	357,357	246,714	85,819	32,705	19,372	6,226
Group/Directors Accounts									257,230	281,070
other short term finances
hp & lease commitments
other current liabilities					30,041	32,658	97,696		19,690	10,596
total current liabilities	962,683	720,611	440,699	498,319	271,346	227,785	323,811	357,357	523,634	380,178	32,705	19,372	6,226
loans												114,141	89,000
hp & lease commitments
Accruals and Deferred Income
other liabilities	216,043	216,043	216,043	216,043	216,043	216,043	216,043	100,000			51,153
provisions
total long term liabilities	216,043	216,043	216,043	216,043	216,043	216,043	216,043	100,000			51,153	114,141	89,000
total liabilities	1,178,726	936,654	656,742	714,362	487,389	443,828	539,854	457,357	523,634	380,178	83,858	133,513	95,226
net assets	1,186,200	1,031,673	691,582	587,877	750,477	748,912	281,470	260,121	144,950	133,699	165,332	14,853	13,225
total shareholders funds	1,186,200	1,031,673	691,582	587,877	750,477	748,912	281,470	260,121	144,950	133,699	165,332	14,853	13,225

	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	189,725	419,629	-350,212	-212,652	-147,728	-200,888	27,866	19,201	11,251	-31,633	4,311	8,830	21,239
Depreciation	31,215	30,218	31,858	25,375	24,911	17,388	12,095	11,262	7,496	7,393	7,093	7,092
Amortisation	53,333	22,505	10,004	6,671	14,670	44		8,717	8,717	8,717
Tax	-36,247	-79,774					-5,337	-4,033			-168	-633	-5,142
Stock	433,758	42,993	59,286	14,710	74,303	97,191	146,294	62,317	195,239	139,676	19,545	18,167	19,614
Debtors	108,015	102,891	48,933	-50,081	62,672	-15,869	-25,672	-44,623	-25,586	106,383	81,946	30,438	10,388
Creditors	242,072	279,912	-57,620	269,481	55,843	-16,756	-167,606	110,643	160,895	53,114	13,333	13,146	6,226
Accruals and Deferred Income				-30,041	-2,617	-65,038	97,696	-19,690	9,094	10,596
Deferred Taxes & Provisions
Cash flow from operations	-61,675	526,606	-474,189	94,205	-191,896	-346,572	-155,908	108,406	27,800	-197,872	-76,922	-20,170	-7,679
Investing Activities
capital expenditure	-37,478	-61,693	-73,639	-56,307	-71,040	-162,927	4,977	-51,623	-1,025	-46,584			-70,920
Change in Investments
cash flow from investments	-37,478	-61,693	-73,639	-56,307	-71,040	-162,927	4,977	-51,623	-1,025	-46,584			-70,920
Financing Activities
Bank loans
Group/Directors Accounts								-257,230	-23,840	281,070
Other Short Term Loans
Long term loans											-114,141	25,141	89,000
Hire Purchase and Lease Commitments
other long term liabilities							116,043	100,000		-51,153	51,153
share issue			453,539	50,025	150,000	669,976		100,000			150,000		2
interest	1,049	236	378	26	-706	-1,646	-1,180	3		-88	-3,664	-6,568	-2,874
cash flow from financing	1,049	236	453,917	50,051	149,294	668,330	114,863	-57,227	-23,840	229,829	83,348	18,573	86,128
cash and cash equivalents
cash	-98,104	465,149	-93,911	75,483	-123,308	144,599	296	-444	242	-11,846	6,426	-1,598	7,529
overdraft				-12,467	-9,665	-14,232	36,364		-2,693	2,693
change in cash	-98,104	465,149	-93,911	87,950	-113,643	158,831	-36,068	-444	2,935	-14,539	6,426	-1,598	7,529

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for bike republic limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in PO15 area or any other competitors across 12 key performance metrics.

BIKE REPUBLIC LIMITED group structure

Bike Republic Limited has no subsidiary companies.

Ultimate parent company

BIKE REPUBLIC LIMITED

03623058

BIKE REPUBLIC LIMITED Shareholders

jonathan cole	75.03%
stephen beetham	6.43%
gert fieremans	3.43%
runyu fan	3.38%
yangyang shen	3.38%
zhuyi ding	3.38%
seedrs nominees limited	2.78%
anthony poole	0.77%
steven bowker	0.51%
jon grussings	0.43%

Bike Republic Limited currently has 5 directors. The longest serving directors include Mr Jonathan Cole (Aug 1998) and Mr Andrew Hefferman (Jul 2013).

officer	country	age	start	end	role
Mr Jonathan Cole	Switzerland	67 years	Aug 1998	-	Director
Mr Andrew Hefferman		54 years	Jul 2013	-	Director
Mr Runyu Fan	United Kingdom	35 years	Jan 2018	-	Director
Miss Zhuyi Ding	United Kingdom	33 years	Nov 2018	-	Director
Miss Yangyang Shen		35 years	Apr 2019	-	Director

P&L

January 2022

turnover

2.3m

+23%

operating profit

189.7k

gross margin

24.3%

-1.51%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2022

net assets

1.2m

+0.15%

total assets

2.4m

+0.2%

cash

370.5k

-0.21%

net assets

Total assets minus all liabilities

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company number

03623058

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

47190 - Other retail sale in non-specialised stores

incorporation date

August 1998

ultimate parent company

None

previous names

popxpress limited (January 2010)

popxpress new street limited (May 2009)

address

no 5 bizspace, steel house 4300 parkway, fareham, hampshire, PO15 7FP

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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bike republic limited Company Information

bike republic limited Estimated Valuation

bike republic limited Estimated Valuation

bike republic limited Estimated Valuation

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