Source4 Bikes Limited

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source4 bikes limited Company Information

Live

MatureSmallDeclining

Company Number

05022432

Next Accounts

Oct 2025

Industry

Agents specialised in the sale of other particular products

Directors

Simon Schofield

Hayley Schofield

Shareholders

simon james schofield

hayley schofield

Group Structure

View All

Contact

Registered Address

1 the cottages, maythorne, southwell, nottinghamshire, NG25 0RS

Website

source4 bikes limited Estimated Valuation

£162k

Pomanda estimates the enterprise value of SOURCE4 BIKES LIMITED at £162k based on Net Assets of £127.7k and 1.27x industry multiple (adjusted for liquidity).

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Source4 Bikes Limited is a live company located in southwell, NG25 0RS with a Companies House number of 05022432. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in January 2004, it's largest shareholder is simon james schofield with a 75% stake. Source4 Bikes Limited is a mature, small sized company, Pomanda has estimated its turnover at £537.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Source4 Bikes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £537.7k, make it smaller than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (8%)

EXPORT

Source4 Bikes Limited's latest turnover from January 2024 is estimated at £537.7 thousand and the company has net assets of £127.7 thousand. According to their latest financial statements, Source4 Bikes Limited has 2 employees and maintains cash reserves of £10.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	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	537,653	442,515	893,698	1,060,831	406,158	166,927	346,581	496,126	418,413	376,415	212,075	259,696	321,806	200,625	227,141
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	379,709	315,583	635,058	764,331	295,678	119,654	252,470	361,856	302,534	275,384	158,200	195,674	240,809	150,048	166,284
Gross Profit	157,944	126,932	258,640	296,500	110,479	47,273	94,111	134,270	115,879	101,032	53,875	64,022	80,997	50,577	60,857
Admin Expenses	147,545	145,497	275,397	195,504	58,980	78,354	91,388	119,023	74,550	107,703	52,760	86,763	25,535	59,814	48,454
Operating Profit	10,399	-18,565	-16,757	100,996	51,499	-31,081	2,723	15,247	41,329	-6,671	1,115	-22,741	55,462	-9,237	12,403
Interest Payable	525	222	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,374	740	0	0	0	0	0	93	361	277	223	404	373	244	154
Pre-Tax Profit	11,248	-18,047	-16,757	100,996	51,499	-31,081	2,723	15,340	41,690	-6,394	1,338	-22,337	55,835	-8,994	12,557
Tax	-2,812	0	0	-19,189	-9,785	0	-517	-3,068	-8,338	0	-308	0	-14,517	0	-3,516
Profit After Tax	8,436	-18,047	-16,757	81,807	41,714	-31,081	2,206	12,272	33,352	-6,394	1,030	-22,337	41,318	-8,994	9,041
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,436	-18,047	-16,757	81,807	41,714	-31,081	2,206	12,272	33,352	-6,394	1,030	-22,337	41,318	-8,994	9,041
Employee Costs	120,309	104,359	104,217	187,387	97,913	45,862	89,634	84,665	91,488	87,516	41,308	42,277	41,332	40,399	75,164
Number Of Employees	2	2	2	4	2	1	2	2	2	2	1	1	1	1	2
EBITDA*	10,572	-18,565	-16,757	100,996	51,499	-31,081	2,723	15,247	42,377	-6,167	1,619	-22,447	55,990	-8,709	12,931

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	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	688	461	1,021	5,343	9,157	16,305	21,563	26,528	3,270	203	707	1,211	0	528	1,056
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	788	561	1,021	5,343	9,157	16,305	21,563	26,528	3,270	203	707	1,211	0	528	1,056
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	60,694	40,039	198,780	229,769	82,670	29,364	71,365	90,479	49,511	34,236	23,354	27,510	23,853	19,668	13,085
Group Debtors	93,442	93,442	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	7,766	214	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	10,062	42,279	0	0	0	0	0	0	74,661	69,650	40,975	48,105	113,419	35,860	61,538
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	171,964	175,974	198,780	229,769	82,670	29,364	71,365	90,479	124,172	103,886	64,329	75,615	137,272	55,528	74,623
total assets	172,752	176,535	199,801	235,112	91,827	45,669	92,928	117,007	127,442	104,089	65,036	76,826	137,272	56,056	75,679
Bank overdraft	4,668	4,668	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	28,389	43,911	19,700	15,256	31,434	57,719	79,726	90,325	44,878	57,698	95,807	55,909	66,538
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	15,445	23,070	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	20,113	27,738	28,389	43,911	19,700	15,256	31,434	57,719	79,726	90,325	44,878	57,698	95,807	55,909	66,538
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	24,973	29,567	34,235	37,267	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	600	0	0	0	0	0	0
total long term liabilities	24,973	29,567	34,235	37,267	0	0	0	0	600	0	0	0	0	0	0
total liabilities	45,086	57,305	62,624	81,178	19,700	15,256	31,434	57,719	80,326	90,325	44,878	57,698	95,807	55,909	66,538
net assets	127,666	119,230	137,177	153,934	72,127	30,413	61,494	59,288	47,116	13,764	20,158	19,128	41,465	147	9,141
total shareholders funds	127,666	119,230	137,177	153,934	72,127	30,413	61,494	59,288	47,116	13,764	20,158	19,128	41,465	147	9,141

	Jan 2024	Jan 2023	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	10,399	-18,565	-16,757	100,996	51,499	-31,081	2,723	15,247	41,329	-6,671	1,115	-22,741	55,462	-9,237	12,403
Depreciation	173	0	0	0	0	0	0	0	1,048	504	504	294	528	528	528
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,812	0	0	-19,189	-9,785	0	-517	-3,068	-8,338	0	-308	0	-14,517	0	-3,516
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	28,207	-65,085	-30,989	147,099	53,306	-42,001	-19,114	40,968	15,275	10,882	-4,156	3,657	4,185	6,583	13,085
Creditors	0	-28,389	-15,522	24,211	4,444	-16,178	-26,285	-22,007	-10,599	45,447	-12,820	-38,109	39,898	-10,629	66,538
Accruals and Deferred Income	-7,625	23,070	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-600	600	0	0	0	0	0	0
Cash flow from operations	-28,072	41,201	-1,290	-41,081	-7,148	-5,258	-4,965	-51,396	8,765	28,398	-7,353	-64,213	77,186	-25,921	62,868
Investing Activities
capital expenditure	-400	560	4,322	3,814	7,148	5,258	4,965	-23,258	-4,115	0	0	-1,505	0	0	-1,584
Change in Investments	0	100	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-400	460	4,322	3,814	7,148	5,258	4,965	-23,258	-4,115	0	0	-1,505	0	0	-1,584
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,594	-4,668	-3,032	37,267	0	0	0	0	0	0	0	0	0	0	0
share issue	0	100	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	849	518	0	0	0	0	0	93	361	277	223	404	373	244	154
cash flow from financing	-3,745	-4,050	-3,032	37,267	0	0	0	-7	361	277	223	404	373	244	254
cash and cash equivalents
cash	-32,217	42,279	0	0	0	0	0	-74,661	5,011	28,675	-7,130	-65,314	77,559	-25,678	61,538
overdraft	0	4,668	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-32,217	37,611	0	0	0	0	0	-74,661	5,011	28,675	-7,130	-65,314	77,559	-25,678	61,538

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 source4 bikes 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 NG25 area or any other competitors across 12 key performance metrics.

SOURCE4 BIKES LIMITED group structure

Source4 Bikes Limited has no subsidiary companies.

Ultimate parent company

SOURCE4 BIKES LIMITED

05022432

SOURCE4 BIKES LIMITED Shareholders

simon james schofield	75%
hayley schofield	25%

Source4 Bikes Limited currently has 2 directors. The longest serving directors include Mr Simon Schofield (Jan 2008) and Mrs Hayley Schofield (Jan 2011).

officer	country	age	start	end	role
Mr Simon Schofield	England	49 years	Jan 2008	-	Director
Mrs Hayley Schofield	England	46 years	Jan 2011	-	Director

P&L

January 2024

turnover

537.7k

+21%

operating profit

10.4k

gross margin

29.4%

+2.41%

turnover

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

Balance Sheet

January 2024

net assets

127.7k

+0.07%

total assets

172.8k

-0.02%

cash

10.1k

-0.76%

net assets

Total assets minus all liabilities

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company number

05022432

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

incorporation date

January 2004

ultimate parent company

None

previous names

N/A

address

1 the cottages, maythorne, southwell, nottinghamshire, NG25 0RS

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source4 bikes limited Company Information

source4 bikes limited Estimated Valuation

source4 bikes limited Estimated Valuation

source4 bikes limited Estimated Valuation

Source4 Bikes Limited Overview

Source4 Bikes Limited Health Check

SOURCE4 BIKES LIMITED financials

source4 bikes limited Credit Report and Business Information

Source4 Bikes Limited Competitor Analysis

source4 bikes limited Ownership

source4 bikes limited directors

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