Classic Bike Shop Limited

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classic bike shop limited Company Information

Live

EstablishedMicroHigh

Company Number

07210010

Website

www.classicbikeshop.co.uk

Registered Address

unit 3 dunlop road, hunt end industrial estate, redditch, B97 5XP

Industry

Retail sale via mail order houses or via Internet

Telephone

01527454158

Next Accounts Due

December 2024

Group Structure

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Directors

Michael Rogers14 Years

Kerrie Rogers3 Years

Shareholders

michael rogers 99.5%

kerrie rogers 0.5%

classic bike shop limited Estimated Valuation

£739k

Pomanda estimates the enterprise value of CLASSIC BIKE SHOP LIMITED at £739k based on Net Assets of £339.3k and 2.18x industry multiple (adjusted for liquidity).

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Classic Bike Shop Limited is a live company located in redditch, B97 5XP with a Companies House number of 07210010. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in March 2010, it's largest shareholder is michael rogers with a 99.5% stake. Classic Bike Shop Limited is a established, micro sized company, Pomanda has estimated its turnover at £379.8k with high growth in recent years.

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Pomanda's financial health check has awarded Classic Bike Shop Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £379.8k, make it in line with the average company (£345.9k)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.1%)

EXPORT

Classic Bike Shop Limited's latest turnover from March 2023 is estimated at £379.8 thousand and the company has net assets of £339.3 thousand. According to their latest financial statements, Classic Bike Shop Limited has 6 employees and maintains cash reserves of £51.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	379,768	328,957	374,198	230,750	259,415	360,650	190,988	822,102	395,573	266,635	191,287	96,403	39,672
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	304,130	255,540	288,990	176,975	195,910	267,884	142,445	612,974	285,791	190,558	138,402	70,475	29,244
Gross Profit	75,638	73,417	85,207	53,775	63,505	92,766	48,543	209,127	109,782	76,077	52,885	25,928	10,428
Admin Expenses	131,238	-34,234	6,775	-5,149	32,801	47,528	-5,786	122,737	106,538	77,874	50,305	30,347	-3,290
Operating Profit	-55,600	107,651	78,432	58,924	30,704	45,238	54,329	86,390	3,244	-1,797	2,580	-4,419	13,718
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,337	2,786	294	210	991	364	85	149	360	352	186	75	30
Pre-Tax Profit	-46,263	110,437	78,726	59,133	31,695	45,602	54,414	86,539	3,604	-1,445	2,766	-4,344	13,749
Tax	0	-20,983	-14,958	-11,235	-6,022	-8,664	-10,883	-17,308	-757	0	-664	0	-3,850
Profit After Tax	-46,263	89,454	63,768	47,898	25,673	36,938	43,531	69,231	2,847	-1,445	2,102	-4,344	9,899
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-46,263	89,454	63,768	47,898	25,673	36,938	43,531	69,231	2,847	-1,445	2,102	-4,344	9,899
Employee Costs	161,355	165,148	134,347	132,868	144,980	148,707	140,187	82,485	54,502	26,988	26,538	25,882	26,921
Number Of Employees	6	6	5	5	5	5	5	3	2	1	1	1	1
EBITDA*	-53,945	109,649	81,096	60,717	31,810	46,715	54,329	86,390	8,161	-1,079	3,400	-3,327	14,468

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	313,740	5,995	7,993	4,211	3,322	4,428	8,610	11,480	14,752	2,157	2,458	3,278	2,250
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	313,740	5,995	7,993	4,211	3,322	4,428	8,610	11,480	14,752	2,157	2,458	3,278	2,250
Stock & work in progress	117,495	48,365	54,195	41,195	77,120	115,575	111,400	0	114,400	43,400	36,100	27,900	20,800
Trade Debtors	46,044	62,326	67,650	40,000	30,000	73,734	597	144,414	0	0	0	7,193	1,039
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	51,801	387,584	355,272	233,050	186,165	78,002	67,743	0	59,597	84,446	56,459	17,978	12,181
misc current assets	0	0	0	0	0	0	0	507	0	0	0	0	0
total current assets	215,340	498,275	477,117	314,245	293,285	267,311	179,740	144,921	173,997	127,846	92,559	53,071	34,020
total assets	529,080	504,270	485,110	318,456	296,607	271,739	188,350	156,401	188,749	130,003	95,017	56,349	36,270
Bank overdraft	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
Trade Creditors	189,790	118,717	189,011	86,125	112,174	112,979	66,528	77,126	176,739	123,359	87,195	50,137	25,920
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	189,790	118,717	189,011	86,125	112,174	112,979	66,528	77,126	176,739	123,359	87,195	50,137	25,920
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	985	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	2,950	431	164	656	450
total long term liabilities	0	0	0	0	0	0	0	985	2,950	431	164	656	450
total liabilities	189,790	118,717	189,011	86,125	112,174	112,979	66,528	78,111	179,689	123,790	87,359	50,793	26,370
net assets	339,290	385,553	296,099	232,331	184,433	158,760	121,822	78,290	9,060	6,213	7,658	5,556	9,900
total shareholders funds	339,290	385,553	296,099	232,331	184,433	158,760	121,822	78,290	9,060	6,213	7,658	5,556	9,900

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-55,600	107,651	78,432	58,924	30,704	45,238	54,329	86,390	3,244	-1,797	2,580	-4,419	13,718
Depreciation	1,655	1,998	2,664	1,793	1,106	1,477	0	0	4,917	718	820	1,092	750
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-20,983	-14,958	-11,235	-6,022	-8,664	-10,883	-17,308	-757	0	-664	0	-3,850
Stock	69,130	-5,830	13,000	-35,925	-38,455	4,175	111,400	-114,400	71,000	7,300	8,200	7,100	20,800
Debtors	-16,282	-5,324	27,650	10,000	-43,734	73,137	-143,817	144,414	0	0	-7,193	6,154	1,039
Creditors	71,073	-70,294	102,886	-26,049	-805	46,451	-10,598	-99,613	53,380	36,164	37,058	24,217	25,920
Accruals and Deferred Income	0	0	0	0	0	0	-985	985	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-2,950	2,519	267	-492	206	450
Cash flow from operations	-35,720	29,526	128,374	49,358	107,172	7,190	64,280	-62,510	-7,697	28,052	38,295	7,842	15,149
Investing Activities
capital expenditure	-309,400	0	-6,446	-2,682	0	2,705	2,870	3,272	-17,512	-417	0	-2,120	-3,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-309,400	0	-6,446	-2,682	0	2,705	2,870	3,272	-17,512	-417	0	-2,120	-3,000
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	1	-1	0	0	0	0	1
interest	9,337	2,786	294	210	991	364	85	149	360	352	186	75	30
cash flow from financing	9,337	2,786	294	210	991	364	86	148	360	352	186	75	31
cash and cash equivalents
cash	-335,783	32,312	122,222	46,885	108,163	10,259	67,743	-59,597	-24,849	27,987	38,481	5,797	12,181
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-335,783	32,312	122,222	46,885	108,163	10,259	67,743	-59,597	-24,849	27,987	38,481	5,797	12,181

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 classic bike shop limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in B97 area or any other competitors across 12 key performance metrics.

CLASSIC BIKE SHOP LIMITED group structure

Classic Bike Shop Limited has no subsidiary companies.

Ultimate parent company

CLASSIC BIKE SHOP LIMITED

07210010

CLASSIC BIKE SHOP LIMITED Shareholders

michael rogers	99.5%
kerrie rogers	0.5%

Classic Bike Shop Limited currently has 2 directors. The longest serving directors include Mr Michael Rogers (Mar 2010) and Mrs Kerrie Rogers (Mar 2021).

officer	country	age	start	end	role
Mr Michael Rogers	England	56 years	Mar 2010	-	Director
Mrs Kerrie Rogers	England	52 years	Mar 2021	-	Director

P&L

March 2023

turnover

379.8k

+15%

operating profit

-55.6k

gross margin

20%

-10.76%

turnover

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

Balance Sheet

March 2023

net assets

339.3k

-0.12%

total assets

529.1k

+0.05%

cash

51.8k

-0.87%

net assets

Total assets minus all liabilities

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company number

07210010

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

March 2010

ultimate parent company

None

previous names

N/A

address

unit 3 dunlop road, hunt end industrial estate, redditch, B97 5XP

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 did not find charges/mortgages relating to classic bike shop limited.

classic bike shop limited Company Information

classic bike shop limited Estimated Valuation

classic bike shop limited Estimated Valuation

classic bike shop limited Estimated Valuation

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CLASSIC BIKE SHOP LIMITED financials

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