velo bicycles limited
velo bicycles limited Company Information
Company Number
09831694
Next Accounts
Jul 2025
Industry
Retail sale of sporting equipment in specialised stores
Shareholders
mark watkins
wendy watkins
View AllGroup Structure
View All
Contact
Registered Address
7a blyth road industrial estate, halesworth, suffolk, IP19 8EN
Website
maxcombike.comvelo bicycles limited Estimated Valuation
Pomanda estimates the enterprise value of VELO BICYCLES LIMITED at £185.5k based on a Turnover of £537.8k and 0.34x industry multiple (adjusted for size and gross margin).
velo bicycles limited Estimated Valuation
Pomanda estimates the enterprise value of VELO BICYCLES LIMITED at £186.1k based on an EBITDA of £51.8k and a 3.59x industry multiple (adjusted for size and gross margin).
velo bicycles limited Estimated Valuation
Pomanda estimates the enterprise value of VELO BICYCLES LIMITED at £84.7k based on Net Assets of £40.9k and 2.07x industry multiple (adjusted for liquidity).
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Velo Bicycles Limited Overview
Velo Bicycles Limited is a live company located in suffolk, IP19 8EN with a Companies House number of 09831694. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in October 2015, it's largest shareholder is mark watkins with a 60% stake. Velo Bicycles Limited is a young, small sized company, Pomanda has estimated its turnover at £537.8k with high growth in recent years.
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Velo Bicycles Limited Health Check
Pomanda's financial health check has awarded Velo Bicycles Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £537.8k, make it in line with the average company (£453.3k)
- Velo Bicycles Limited
£453.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.3%)
- Velo Bicycles Limited
10.3% - Industry AVG
Production
with a gross margin of 22.2%, this company has a higher cost of product (30.6%)
- Velo Bicycles Limited
30.6% - Industry AVG
Profitability
an operating margin of 9.6% make it more profitable than the average company (2.7%)
- Velo Bicycles Limited
2.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Velo Bicycles Limited
13 - Industry AVG
Pay Structure
on an average salary of £24.7k, the company has an equivalent pay structure (£24.7k)
- Velo Bicycles Limited
£24.7k - Industry AVG
Efficiency
resulting in sales per employee of £268.9k, this is more efficient (£130.6k)
- Velo Bicycles Limited
£130.6k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (24 days)
- Velo Bicycles Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 113 days, this is slower than average (30 days)
- Velo Bicycles Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Velo Bicycles Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Velo Bicycles Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.4%, this is a higher level of debt than the average (69.5%)
79.4% - Velo Bicycles Limited
69.5% - Industry AVG
VELO BICYCLES LIMITED financials
Velo Bicycles Limited's latest turnover from October 2023 is estimated at £537.8 thousand and the company has net assets of £40.9 thousand. According to their latest financial statements, Velo Bicycles Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,541 | 22,781 | 27,186 | 4,688 | 11,276 | 14,372 | 3,652 | 3,208 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,541 | 22,781 | 27,186 | 4,688 | 11,276 | 14,372 | 3,652 | 3,208 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,707 |
| Trade Debtors | 178,965 | 215,403 | 196,685 | 166,978 | 81,263 | 74,454 | 44,071 | 4,720 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 624 | 506 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,735 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 179,589 | 215,909 | 196,685 | 166,978 | 81,263 | 74,454 | 44,071 | 29,162 |
| total assets | 198,130 | 238,690 | 223,871 | 171,666 | 92,539 | 88,826 | 47,723 | 32,370 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 130,400 | 201,793 | 159,124 | 75,262 | 75,466 | 74,203 | 51,843 | 37,399 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 130,400 | 201,793 | 159,124 | 75,262 | 75,466 | 74,203 | 51,843 | 37,399 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 14,553 | 15,203 | 1,014 | 13,673 | 5,720 | 725 | 775 | 0 |
| other liabilities | 12,257 | 19,621 | 27,786 | 31,695 | 0 | 204 | 818 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 26,810 | 34,824 | 28,800 | 45,368 | 5,720 | 929 | 1,593 | 0 |
| total liabilities | 157,210 | 236,617 | 187,924 | 120,630 | 81,186 | 75,132 | 53,436 | 37,399 |
| net assets | 40,920 | 2,073 | 35,947 | 51,036 | 11,353 | 13,694 | -5,713 | -5,029 |
| total shareholders funds | 40,920 | 2,073 | 35,947 | 51,036 | 11,353 | 13,694 | -5,713 | -5,029 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 875 | |||||||
| Amortisation | 0 | |||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -16,707 | 16,707 |
| Debtors | -36,320 | 19,224 | 29,707 | 85,715 | 6,809 | 30,383 | 39,351 | 4,720 |
| Creditors | -71,393 | 42,669 | 83,862 | -204 | 1,263 | 22,360 | 14,444 | 37,399 |
| Accruals and Deferred Income | -650 | 14,189 | -12,659 | 7,953 | 4,995 | -50 | 775 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -7,364 | -8,165 | -3,909 | 31,695 | -204 | -614 | 818 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -7,735 | 7,735 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -7,735 | 7,735 |
velo bicycles limited Credit Report and Business Information
Velo Bicycles Limited Competitor Analysis
Perform a competitor analysis for velo bicycles 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 IP19 area or any other competitors across 12 key performance metrics.
velo bicycles limited Ownership
VELO BICYCLES LIMITED group structure
Velo Bicycles Limited has no subsidiary companies.
Ultimate parent company
VELO BICYCLES LIMITED
09831694
velo bicycles limited directors
Velo Bicycles Limited currently has 2 directors. The longest serving directors include Mr Alan Watkins (Oct 2015) and Mr Mark Watkins (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Watkins | England | 70 years | Oct 2015 | - | Director |
| Mr Mark Watkins | England | 40 years | Sep 2016 | - | Director |
P&L
October 2023turnover
537.8k
-18%
operating profit
51.8k
0%
gross margin
22.3%
-5.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
40.9k
+18.74%
total assets
198.1k
-0.17%
cash
0
0%
net assets
Total assets minus all liabilities
velo bicycles limited company details
company number
09831694
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
October 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
7a blyth road industrial estate, halesworth, suffolk, IP19 8EN
Bank
-
Legal Advisor
-
velo bicycles 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 did not find charges/mortgages relating to velo bicycles limited.
velo bicycles 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 VELO BICYCLES LIMITED. This can take several minutes, an email will notify you when this has completed.
velo bicycles limited Companies House Filings - See Documents
| date | description | view/download |
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