Pomanda estimates the enterprise value of INSYNC BIKES LIMITED at £2.9m based on a Turnover of £10m and 0.29x industry multiple (adjusted for size and gross margin).
insync bikes limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of INSYNC BIKES LIMITED at £0 based on an EBITDA of £-1.4m and a 2.96x industry multiple (adjusted for size and gross margin).
insync bikes limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of INSYNC BIKES LIMITED at £0 based on Net Assets of £-1.4m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Insync Bikes LimitedOverview
Insync Bikes Limited is a live company located in manchester, M17 1EB with a Companies House number of 05570875. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in September 2005, it's largest shareholder is
hero international bv
with a 100% stake. Insync Bikes Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£10m with
declining
growth in recent years.
Pomanda's financial health check has awarded Insync Bikes Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
4 Strong
0 Regular
8 Weak
Size
annual sales of £10m, make it larger than the average company (£474.7k)
£10m - Insync Bikes Limited
£474.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (8%)
-10% - Insync Bikes Limited
8% - Industry AVG
Production
with a gross margin of 6.9%, this company has a higher cost of product (30.3%)
6.9% - Insync Bikes Limited
30.3% - Industry AVG
Profitability
an operating margin of -14.7% make it less profitable than the average company (0.8%)
-14.7% - Insync Bikes Limited
0.8% - Industry AVG
Employees
with 19 employees, this is above the industry average (8)
19 - Insync Bikes Limited
8 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has a higher pay structure (£24k)
£33.4k - Insync Bikes Limited
£24k - Industry AVG
Efficiency
resulting in sales per employee of £527.8k, this is more efficient (£123.8k)
£527.8k - Insync Bikes Limited
£123.8k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is later than average (28 days)
48 days - Insync Bikes Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (23 days)
5 days - Insync Bikes Limited
23 days - Industry AVG
Stock Days
it holds stock equivalent to 24 days, this is less than average (112 days)
24 days - Insync Bikes Limited
112 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (18 weeks)
1 weeks - Insync Bikes Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.5%, this is a higher level of debt than the average (64.3%)
114.5% - Insync Bikes Limited
64.3% - Industry AVG
INSYNC BIKES LIMITED financials
EXPORT
Insync Bikes Limited's latest turnover from March 2024 is £10 million and the company has net assets of -£1.4 million. According to their latest financial statements, Insync Bikes Limited has 19 employees and maintains cash reserves of £396.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Turnover
10,028,389
15,250,867
13,073,837
13,539,174
9,468,037
11,282,708
12,373,077
10,006,389
12,582,521
16,590,164
14,548,041
14,420,606
12,020,014
11,560,792
26,076,181
Other Income Or Grants
Cost Of Sales
9,334,051
14,586,628
12,007,865
11,179,163
9,304,012
10,594,140
9,978,335
8,345,725
10,481,332
12,959,676
11,505,596
11,565,581
9,394,608
8,990,807
16,508,074
Gross Profit
694,338
664,239
1,065,972
2,360,011
164,025
688,568
2,394,742
1,660,664
2,101,189
3,630,488
3,042,445
2,855,025
2,625,406
2,569,985
9,568,107
Admin Expenses
2,165,107
4,153,846
4,651,544
3,025,760
4,035,164
4,285,597
4,237,814
2,835,357
2,624,113
2,999,731
2,640,621
2,524,626
2,248,731
2,250,131
9,047,132
Operating Profit
-1,470,769
-3,489,607
-3,585,572
-665,749
-3,871,139
-3,597,029
-1,843,072
-1,174,693
-522,924
630,757
401,824
330,399
376,675
319,854
520,975
Interest Payable
509,954
328,371
130,988
104,073
228,349
344,028
223,454
118,152
103,929
125,905
143,630
144,931
151,708
116,820
Interest Receivable
148,146
225
102
71
97
151
127
435
Pre-Tax Profit
-2,004,875
-3,817,978
-3,716,560
-769,822
-4,099,263
-3,940,955
-1,945,355
-1,292,845
-626,853
504,852
258,265
185,565
225,118
203,161
521,410
Tax
-42,868
43,744
108,864
-111,895
-60,201
-45,194
-50,913
-51,224
-145,995
Profit After Tax
-2,004,875
-3,817,978
-3,716,560
-769,822
-4,142,131
-3,940,955
-1,901,611
-1,292,845
-517,989
392,957
198,064
140,371
174,205
151,937
375,415
Dividends Paid
Retained Profit
-2,004,875
-3,817,978
-3,716,560
-769,822
-4,142,131
-3,940,955
-1,901,611
-1,292,845
-517,989
392,957
198,064
140,371
174,205
151,937
375,415
Employee Costs
635,015
1,757,647
2,029,486
1,131,400
1,192,093
1,485,697
1,841,665
1,315,339
1,352,966
1,449,401
1,260,469
1,172,106
1,139,322
1,005,236
4,545,088
Number Of Employees
19
30
48
38
41
47
48
45
47
47
37
34
32
32
246
EBITDA*
-1,442,463
-3,464,357
-3,548,121
-571,050
-3,760,920
-3,493,032
-1,765,444
-1,102,949
-476,979
666,106
438,341
362,060
414,050
335,935
532,639
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Tangible Assets
31,827
53,911
76,163
24,605
96,612
160,734
128,267
117,364
126,138
62,806
34,674
79,042
57,235
43,948
27,521
Intangible Assets
16,421
22,643
25,641
38,648
66,767
96,579
54,607
34,983
54,810
2,301
5,784
9,267
12,758
18,371
19,724
Investments & Other
369,463
Debtors (Due After 1 year)
Total Fixed Assets
48,248
76,554
101,804
63,253
163,379
257,313
182,874
152,347
180,948
65,107
40,458
88,309
69,993
62,319
416,708
Stock & work in progress
632,995
1,635,288
2,955,290
681,755
3,378,843
2,617,258
3,224,594
2,795,672
3,969,965
4,417,978
3,887,282
3,780,271
2,010,618
2,408,984
1,002,021
Trade Debtors
1,335,810
2,825,689
3,414,289
2,839,429
1,798,800
1,980,935
1,937,331
2,377,881
1,603,546
2,311,773
2,395,859
2,670,997
1,676,456
1,555,933
1,271,780
Group Debtors
6,077,195
1,757,928
2,303,624
635,631
27,737
Misc Debtors
1,371,845
1,460,598
2,484,903
1,092,690
1,254,202
867,357
651,644
520,902
470,607
232,502
237,446
205,406
138,736
220,133
Cash
396,381
338,524
291,354
2,942,660
528,248
118,487
131,553
185,331
127,957
209,758
115,102
185,317
119,912
206,179
174,064
misc current assets
total current assets
9,814,226
8,018,027
11,449,460
8,192,165
6,960,093
5,584,037
5,945,122
5,907,523
6,172,075
7,172,011
6,635,689
6,841,991
3,945,722
4,391,229
2,447,865
total assets
9,862,474
8,094,581
11,551,264
8,255,418
7,123,472
5,841,350
6,127,996
6,059,870
6,353,023
7,237,118
6,676,147
6,930,300
4,015,715
4,453,548
2,864,573
Bank overdraft
32
40
Bank loan
7,675,000
7,675,000
6,400,000
6,400,000
5,857,273
3,924,250
1,906,238
Trade Creditors
138,227
364,411
781,013
30,714
6,885
139,174
1,547,154
3,350,949
3,575,953
3,061,283
2,361,911
3,283,557
1,229,697
1,646,380
1,414,425
Group/Directors Accounts
2,792,746
1,925,754
6,900
86,437
120,000
120,000
120,000
120,000
130,000
other short term finances
hp & lease commitments
other current liabilities
435,358
1,303,366
3,726,215
2,307,248
3,092,499
3,588,553
1,880,556
1,741,238
1,239,021
2,091,007
2,487,662
2,019,008
1,271,539
1,332,973
total current liabilities
11,041,331
11,268,563
10,907,268
8,744,862
9,043,094
7,651,977
5,333,948
5,092,187
4,814,974
5,272,290
4,969,573
5,422,565
2,621,236
3,109,353
1,414,425
loans
413,691
2,394,275
1,379,991
657,512
501,686
646,088
641,108
670,035
797,903
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,066,068
provisions
250,000
250,000
250,000
250,000
250,000
216,864
64,616
54,917
59,122
57,310
53,363
8,664
total long term liabilities
250,000
250,000
250,000
250,000
250,000
630,555
2,394,275
1,379,991
657,512
566,302
701,005
700,230
727,345
851,266
1,074,732
total liabilities
11,291,331
11,518,563
11,157,268
8,994,862
9,293,094
8,282,532
7,728,223
6,472,178
5,472,486
5,838,592
5,670,578
6,122,795
3,348,581
3,960,619
2,489,157
net assets
-1,428,857
-3,423,982
393,996
-739,444
-2,169,622
-2,441,182
-1,600,227
-412,308
880,537
1,398,526
1,005,569
807,505
667,134
492,929
375,416
total shareholders funds
-1,428,857
-3,423,982
393,996
-739,444
-2,169,622
-2,441,182
-1,600,227
-412,308
880,537
1,398,526
1,005,569
807,505
667,134
492,929
375,416
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Operating Activities
Operating Profit
-1,470,769
-3,489,607
-3,585,572
-665,749
-3,871,139
-3,597,029
-1,843,072
-1,174,693
-522,924
630,757
401,824
330,399
376,675
319,854
520,975
Depreciation
22,084
22,252
24,444
41,320
54,177
47,404
47,849
45,917
31,864
31,866
33,034
28,170
17,024
12,598
8,181
Amortisation
6,222
2,998
13,007
53,379
56,042
56,593
29,779
25,827
14,081
3,483
3,483
3,491
20,351
3,483
3,483
Tax
-42,868
43,744
108,864
-111,895
-60,201
-45,194
-50,913
-51,224
-145,995
Stock
-1,002,293
-1,320,002
2,273,535
-2,697,088
761,585
-607,336
428,922
-1,174,293
-448,013
530,696
107,011
1,769,653
-398,366
1,406,963
1,002,021
Debtors
2,740,635
-2,158,601
3,635,066
1,514,748
204,710
259,317
-337,545
852,367
-470,122
-89,030
-243,098
1,061,211
39,126
504,286
1,271,780
Creditors
-226,184
-416,602
750,299
23,829
-132,289
-1,407,980
-1,803,795
-225,004
514,670
699,372
-921,646
2,053,860
-416,683
231,955
1,414,425
Accruals and Deferred Income
-868,008
-2,422,849
1,418,967
-785,251
-496,054
1,707,997
139,318
502,217
-851,986
-396,655
468,654
747,469
-61,434
1,332,973
Deferred Taxes & Provisions
33,136
216,864
-64,616
9,699
-4,205
1,812
3,947
44,699
8,664
Cash flow from operations
-4,274,997
-2,825,205
-7,287,456
-150,132
-5,365,290
-2,628,132
-3,477,554
-503,810
148,088
424,961
57,030
289,143
248,207
-16,911
-464,068
Investing Activities
capital expenditure
-121,023
-43,143
-167,532
-59,998
9,328
-50,692
-33,338
-19,982
-58,909
Change in Investments
-369,463
369,463
cash flow from investments
-121,023
-43,143
-167,532
-59,998
9,328
-50,692
-33,338
349,481
-428,372
Financing Activities
Bank loans
1,275,000
542,727
1,933,023
2,018,012
1,906,238
Group/Directors Accounts
866,992
1,925,754
-6,900
-79,537
86,437
-120,000
-10,000
130,000
Other Short Term Loans
Long term loans
-413,691
-1,980,584
1,014,284
722,479
155,826
-144,402
4,980
-28,927
-127,868
797,903
Hire Purchase and Lease Commitments
other long term liabilities
-1,066,068
1,066,068
share issue
4,000,000
4,850,000
2,200,000
4,413,691
3,100,000
713,692
-34,424
1
interest
-361,808
-328,371
-130,988
-104,073
-228,124
-343,926
-223,454
-118,152
-103,929
-125,905
-143,559
-144,834
-151,557
-116,693
435
cash flow from financing
4,505,184
2,872,383
4,712,112
2,559,117
5,791,336
2,793,502
3,410,760
604,327
-68,103
-270,307
-138,579
-173,761
-289,425
-289,282
1,066,504
cash and cash equivalents
cash
57,857
47,170
-2,651,306
2,414,412
409,761
-13,066
-53,778
57,374
-81,801
94,656
-70,215
65,405
-86,267
32,115
174,064
overdraft
-32
-8
40
change in cash
57,889
47,178
-2,651,346
2,414,412
409,761
-13,066
-53,778
57,374
-81,801
94,656
-70,215
65,405
-86,267
32,115
174,064
insync bikes limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for insync bikes limited. Get real-time insights into insync bikes limited's credit score, group structure and payment trends.
Perform a competitor analysis for insync bikes limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in M17 area or any other competitors across 12 key performance metrics.
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
September 2005
age
20
incorporated
UK
ultimate parent company
HERO INTERNATIONAL BV
accounts
Group
last accounts submitted
March 2024
previous names
avocet sports limited (November 2019)
accountant
-
auditor
SUMMER AUDITCO LTD
address
unit 1 centenary link, trafford park, manchester, M17 1EB
Bank
HSBC BANK PLC
Legal Advisor
HEWLETT SWANSON COMMERCIAL LAW LTD
insync bikes limited Charges & Mortgages
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.
We found 8 charges/mortgages relating to insync bikes limited. Currently there are 6 open charges and 2 have been satisfied in the past.
insync bikes limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for INSYNC BIKES LIMITED. This can take several minutes, an email will notify you when this has completed.
insync bikes limitedCompanies House Filings - See Documents
