destination bike limited

Live EstablishedMicroHealthy

destination bike limited Company Information

Share DESTINATION BIKE LIMITED

Company Number

09911049

Directors

James Dear

David Jones

View All

Shareholders

david walther gareth lloyd jones

mark richard smith

View All

Group Structure

View All

Industry

Retail sale of sporting equipment in specialised stores

 

Registered Address

st james' hall mill road, lancing, west sussex, BN15 0PT

destination bike limited Estimated Valuation

£109.2k

Pomanda estimates the enterprise value of DESTINATION BIKE LIMITED at £109.2k based on a Turnover of £314.3k and 0.35x industry multiple (adjusted for size and gross margin).

destination bike limited Estimated Valuation

£49.8k

Pomanda estimates the enterprise value of DESTINATION BIKE LIMITED at £49.8k based on an EBITDA of £13.6k and a 3.66x industry multiple (adjusted for size and gross margin).

destination bike limited Estimated Valuation

£69.7k

Pomanda estimates the enterprise value of DESTINATION BIKE LIMITED at £69.7k based on Net Assets of £35.4k and 1.97x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Destination Bike Limited Overview

Destination Bike Limited is a live company located in west sussex, BN15 0PT with a Companies House number of 09911049. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in December 2015, it's largest shareholder is david walther gareth lloyd jones with a 25% stake. Destination Bike Limited is a established, micro sized company, Pomanda has estimated its turnover at £314.3k with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Destination Bike Limited Health Check

Pomanda's financial health check has awarded Destination Bike Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £314.3k, make it smaller than the average company (£881.8k)

£314.3k - Destination Bike Limited

£881.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.4%)

8% - Destination Bike Limited

8.4% - Industry AVG

production

Production

with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)

28.4% - Destination Bike Limited

28.4% - Industry AVG

profitability

Profitability

an operating margin of 4.1% make it more profitable than the average company (1.6%)

4.1% - Destination Bike Limited

1.6% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (14)

4 - Destination Bike Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.7k, the company has an equivalent pay structure (£25.7k)

£25.7k - Destination Bike Limited

£25.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £78.6k, this is less efficient (£137k)

£78.6k - Destination Bike Limited

£137k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Destination Bike Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 47 days, this is slower than average (23 days)

47 days - Destination Bike Limited

23 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 86 days, this is less than average (127 days)

86 days - Destination Bike Limited

127 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (12 weeks)

44 weeks - Destination Bike Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.9%, this is a similar level of debt than the average (69.5%)

67.9% - Destination Bike Limited

69.5% - Industry AVG

DESTINATION BIKE LIMITED financials

EXPORTms excel logo

Destination Bike Limited's latest turnover from December 2023 is estimated at £314.3 thousand and the company has net assets of £35.4 thousand. According to their latest financial statements, Destination Bike Limited has 4 employees and maintains cash reserves of £55.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Turnover314,316233,284331,447246,74594,772299,210246,890304,969
Other Income Or Grants
Cost Of Sales225,065163,798225,181179,09067,497208,813175,530209,648
Gross Profit89,25169,486106,26767,65527,27590,39771,36095,321
Admin Expenses76,48365,223114,61551,73689,21498,29385,09139,880
Operating Profit12,7684,263-8,34815,919-61,939-7,896-13,73155,441
Interest Payable2,1292,3521,801915
Interest Receivable2,5101,283902112
Pre-Tax Profit13,1493,194-10,05915,025-61,927-7,896-13,73155,441
Tax-3,287-607-2,855-11,088
Profit After Tax9,8622,587-10,05912,170-61,927-7,896-13,73144,353
Dividends Paid
Retained Profit9,8622,587-10,05912,170-61,927-7,896-13,73144,353
Employee Costs102,66480,309121,95082,39344,01170,38839,21758,859
Number Of Employees43542323
EBITDA*13,6187,737-3,99920,632-61,939-7,896-13,73155,441

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Tangible Assets1,7002,5506,02410,37315,08621,16525,87835,226
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,7002,5506,02410,37315,08621,16525,87835,226
Stock & work in progress53,06056,26771,50045,00038,344
Trade Debtors33,93435,33535,280
Group Debtors
Misc Debtors110133739
Cash55,17240,43632,88738,9753,167
misc current assets
total current assets108,34296,836105,12683,97541,51133,93435,33535,280
total assets110,04299,386111,15094,34856,59755,09961,21370,506
Bank overdraft6,0595,9105,7642,500
Bank loan
Trade Creditors 29,10320,92130,6698432,37330,59126,153
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities29,29031,09129,93032,40838,714
total current liabilities64,45257,92266,36334,90838,79832,37330,59126,153
loans9,90815,96721,87727,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions3231,971
total long term liabilities10,23115,96721,87729,471
total liabilities74,68373,88988,24064,37938,79832,37330,59126,153
net assets35,35925,49722,91029,96917,79922,72630,62244,353
total shareholders funds35,35925,49722,91029,96917,79922,72630,62244,353
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Operating Activities
Operating Profit12,7684,263-8,34815,919-61,939-7,896-13,73155,441
Depreciation8503,4744,3494,713
Amortisation
Tax-3,287-607-2,855-11,088
Stock-3,207-15,23326,5006,65638,344
Debtors-23-606739-33,934-1,4015535,280
Creditors8,182-9,74830,669-84-32,2891,7824,43826,153
Accruals and Deferred Income-1,8011,161-2,478-6,30638,714
Deferred Taxes & Provisions323-1,9711,971
Cash flow from operations20,26514,382-5,0186,702-59,924-4,713-9,34835,226
Investing Activities
capital expenditure6,0794,7139,348-35,226
Change in Investments
cash flow from investments6,0794,7139,348-35,226
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-6,059-5,910-5,62327,500
Hire Purchase and Lease Commitments
other long term liabilities
share issue3,00057,000
interest381-1,069-1,711-89412
cash flow from financing-5,678-6,979-4,33426,60657,012
cash and cash equivalents
cash14,7367,549-6,08835,8083,167
overdraft1491463,2642,500
change in cash14,5877,403-9,35233,3083,167

destination bike 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 destination bike limited. Get real-time insights into destination bike limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Destination Bike Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for destination bike 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 BN15 area or any other competitors across 12 key performance metrics.

destination bike limited Ownership

DESTINATION BIKE LIMITED group structure

Destination Bike Limited has no subsidiary companies.

Ultimate parent company

DESTINATION BIKE LIMITED

09911049

DESTINATION BIKE LIMITED Shareholders

david walther gareth lloyd jones 25%
mark richard smith 25%
ian russell leeding 25%
james paul dear 25%

destination bike limited directors

Destination Bike Limited currently has 4 directors. The longest serving directors include Mr James Dear (Jul 2020) and Mr David Jones (Jul 2020).

officercountryagestartendrole
Mr James DearEngland49 years Jul 2020- Director
Mr David JonesEngland45 years Jul 2020- Director
Mr Ian LeedingEngland56 years Jul 2020- Director
Mr Mark SmithEngland51 years Jul 2020- Director

P&L

December 2023

turnover

314.3k

+35%

operating profit

12.8k

0%

gross margin

28.4%

-4.67%

turnover

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

Balance Sheet

December 2023

net assets

35.4k

+0.39%

total assets

110k

+0.11%

cash

55.2k

+0.36%

net assets

Total assets minus all liabilities

destination bike limited company details

company number

09911049

Type

Private limited with Share Capital

industry

47640 - Retail sale of sporting equipment in specialised stores

incorporation date

December 2015

age

10

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

PETER JARMAN LLP

auditor

-

address

st james' hall mill road, lancing, west sussex, BN15 0PT

Bank

-

Legal Advisor

-

destination bike 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 destination bike limited.

destination bike 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 DESTINATION BIKE LIMITED. This can take several minutes, an email will notify you when this has completed.

destination bike limited Companies House Filings - See Documents

datedescriptionview/download