destination bike limited Company Information
Company Number
09911049
Next Accounts
Sep 2025
Shareholders
david walther gareth lloyd jones
mark richard smith
View AllGroup Structure
View All
Industry
Retail sale of sporting equipment in specialised stores
Registered Address
st james' hall mill road, lancing, west sussex, BN15 0PT
Website
www.destinationbike.co.ukdestination bike limited Estimated Valuation
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
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
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).
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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.
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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
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4 Strong
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4 Regular
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3 Weak
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Size
annual sales of £314.3k, make it smaller than the average company (£881.8k)
- Destination Bike Limited
£881.8k - Industry AVG
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Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.4%)
- Destination Bike Limited
8.4% - Industry AVG
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Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
- Destination Bike Limited
28.4% - Industry AVG
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Profitability
an operating margin of 4.1% make it more profitable than the average company (1.6%)
- Destination Bike Limited
1.6% - Industry AVG
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Employees
with 4 employees, this is below the industry average (14)
4 - Destination Bike Limited
14 - Industry AVG
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Pay Structure
on an average salary of £25.7k, the company has an equivalent pay structure (£25.7k)
- Destination Bike Limited
£25.7k - Industry AVG
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Efficiency
resulting in sales per employee of £78.6k, this is less efficient (£137k)
- Destination Bike Limited
£137k - Industry AVG
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Destination Bike Limited
- - Industry AVG
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Creditor Days
its suppliers are paid after 47 days, this is slower than average (23 days)
- Destination Bike Limited
23 days - Industry AVG
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Stock Days
it holds stock equivalent to 86 days, this is less than average (127 days)
- Destination Bike Limited
127 days - Industry AVG
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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
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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
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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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 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 | 4 | 3 | 5 | 4 | 2 | |||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,700 | 2,550 | 6,024 | 10,373 | 15,086 | 21,165 | 25,878 | 35,226 |
Intangible Assets | ||||||||
Investments & Other | ||||||||
Debtors (Due After 1 year) | ||||||||
Total Fixed Assets | 1,700 | 2,550 | 6,024 | 10,373 | 15,086 | 21,165 | 25,878 | 35,226 |
Stock & work in progress | 53,060 | 56,267 | 71,500 | 45,000 | 38,344 | |||
Trade Debtors | 33,934 | 35,335 | 35,280 | |||||
Group Debtors | ||||||||
Misc Debtors | 110 | 133 | 739 | |||||
Cash | 55,172 | 40,436 | 32,887 | 38,975 | 3,167 | |||
misc current assets | ||||||||
total current assets | 108,342 | 96,836 | 105,126 | 83,975 | 41,511 | 33,934 | 35,335 | 35,280 |
total assets | 110,042 | 99,386 | 111,150 | 94,348 | 56,597 | 55,099 | 61,213 | 70,506 |
Bank overdraft | 6,059 | 5,910 | 5,764 | 2,500 | ||||
Bank loan | ||||||||
Trade Creditors | 29,103 | 20,921 | 30,669 | 84 | 32,373 | 30,591 | 26,153 | |
Group/Directors Accounts | ||||||||
other short term finances | ||||||||
hp & lease commitments | ||||||||
other current liabilities | 29,290 | 31,091 | 29,930 | 32,408 | 38,714 | |||
total current liabilities | 64,452 | 57,922 | 66,363 | 34,908 | 38,798 | 32,373 | 30,591 | 26,153 |
loans | 9,908 | 15,967 | 21,877 | 27,500 | ||||
hp & lease commitments | ||||||||
Accruals and Deferred Income | ||||||||
other liabilities | ||||||||
provisions | 323 | 1,971 | ||||||
total long term liabilities | 10,231 | 15,967 | 21,877 | 29,471 | ||||
total liabilities | 74,683 | 73,889 | 88,240 | 64,379 | 38,798 | 32,373 | 30,591 | 26,153 |
net assets | 35,359 | 25,497 | 22,910 | 29,969 | 17,799 | 22,726 | 30,622 | 44,353 |
total shareholders funds | 35,359 | 25,497 | 22,910 | 29,969 | 17,799 | 22,726 | 30,622 | 44,353 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||
Operating Profit | ||||||||
Depreciation | 850 | 3,474 | 4,349 | 4,713 | ||||
Amortisation | ||||||||
Tax | ||||||||
Stock | -3,207 | -15,233 | 26,500 | 6,656 | 38,344 | |||
Debtors | -23 | -606 | 739 | -33,934 | -1,401 | 55 | 35,280 | |
Creditors | 8,182 | -9,748 | 30,669 | -84 | -32,289 | 1,782 | 4,438 | 26,153 |
Accruals and Deferred Income | -1,801 | 1,161 | -2,478 | -6,306 | 38,714 | |||
Deferred Taxes & Provisions | 323 | -1,971 | 1,971 | |||||
Cash flow from operations | ||||||||
Investing Activities | ||||||||
capital expenditure | ||||||||
Change in Investments | ||||||||
cash flow from investments | ||||||||
Financing Activities | ||||||||
Bank loans | ||||||||
Group/Directors Accounts | ||||||||
Other Short Term Loans | ||||||||
Long term loans | -6,059 | -5,910 | -5,623 | 27,500 | ||||
Hire Purchase and Lease Commitments | ||||||||
other long term liabilities | ||||||||
share issue | ||||||||
interest | ||||||||
cash flow from financing | ||||||||
cash and cash equivalents | ||||||||
cash | 14,736 | 7,549 | -6,088 | 35,808 | 3,167 | |||
overdraft | 149 | 146 | 3,264 | 2,500 | ||||
change in cash | 14,587 | 7,403 | -9,352 | 33,308 | 3,167 |
destination bike limited Credit Report and Business Information
Destination Bike Limited Competitor Analysis
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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 directors
Destination Bike Limited currently has 4 directors. The longest serving directors include Mr James Dear (Jul 2020) and Mr David Jones (Jul 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr James Dear | England | 49 years | Jul 2020 | - | Director |
Mr David Jones | England | 45 years | Jul 2020 | - | Director |
Mr Ian Leeding | England | 56 years | Jul 2020 | - | Director |
Mr Mark Smith | England | 51 years | Jul 2020 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
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destination bike limited Companies House Filings - See Documents
date | description | view/download |
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