bicycletx limited
bicycletx limited Company Information
Company Number
11036101
Next Accounts
Sep 2025
Shareholders
bicycle therapeutics plc
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
blocks a & b, portway building, granta park, cambridge, CB21 6GS
Website
bicycletherapeutics.combicycletx limited Estimated Valuation
Pomanda estimates the enterprise value of BICYCLETX LIMITED at £17.3m based on a Turnover of £21m and 0.83x industry multiple (adjusted for size and gross margin).
bicycletx limited Estimated Valuation
Pomanda estimates the enterprise value of BICYCLETX LIMITED at £0 based on an EBITDA of £-157.9m and a 6.05x industry multiple (adjusted for size and gross margin).
bicycletx limited Estimated Valuation
Pomanda estimates the enterprise value of BICYCLETX LIMITED at £0 based on Net Assets of £-323.2m and 2.13x industry multiple (adjusted for liquidity).
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Bicycletx Limited Overview
Bicycletx Limited is a live company located in cambridge, CB21 6GS with a Companies House number of 11036101. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2017, it's largest shareholder is bicycle therapeutics plc with a 100% stake. Bicycletx Limited is a young, large sized company, Pomanda has estimated its turnover at £21m with rapid growth in recent years.
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Bicycletx Limited Health Check
Pomanda's financial health check has awarded Bicycletx Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £21m, make it larger than the average company (£4.8m)
£21m - Bicycletx Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (6.7%)
48% - Bicycletx Limited
6.7% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)
38.3% - Bicycletx Limited
38.3% - Industry AVG
Profitability
an operating margin of -775.4% make it less profitable than the average company (5.7%)
-775.4% - Bicycletx Limited
5.7% - Industry AVG
Employees
with 170 employees, this is above the industry average (27)
170 - Bicycletx Limited
27 - Industry AVG
Pay Structure
on an average salary of £117.4k, the company has a higher pay structure (£53.9k)
£117.4k - Bicycletx Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £123.4k, this is less efficient (£171.3k)
£123.4k - Bicycletx Limited
£171.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Bicycletx Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 279 days, this is slower than average (32 days)
279 days - Bicycletx Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bicycletx Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (22 weeks)
3 weeks - Bicycletx Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 698.9%, this is a higher level of debt than the average (62.5%)
698.9% - Bicycletx Limited
62.5% - Industry AVG
BICYCLETX LIMITED financials
Bicycletx Limited's latest turnover from December 2023 is £21 million and the company has net assets of -£323.2 million. According to their latest financial statements, Bicycletx Limited has 170 employees and maintains cash reserves of £18.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 20,985,000 | 10,919,000 | 8,323,000 | 6,452,000 | 9,396,000 | 7,798,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -162,716,000 | -130,026,000 | -62,189,000 | -42,318,000 | -26,910,000 | -19,605,000 |
| Interest Payable | 80,000 | 67,000 | 54,000 | 27,000 | ||
| Interest Receivable | 110,000 | 13,000 | 175,000 | 60,000 | 30,000 | |
| Pre-Tax Profit | -162,686,000 | -130,080,000 | -62,243,000 | -42,170,000 | -26,850,000 | -19,575,000 |
| Tax | 18,884,000 | 15,900,000 | 7,861,000 | 6,613,000 | 5,224,000 | 4,816,000 |
| Profit After Tax | -143,802,000 | -114,180,000 | -54,382,000 | -35,557,000 | -21,626,000 | -14,759,000 |
| Dividends Paid | ||||||
| Retained Profit | -143,802,000 | -114,180,000 | -54,382,000 | -35,557,000 | -21,626,000 | -14,759,000 |
| Employee Costs | 19,964,000 | 16,286,000 | 13,208,000 | 6,056,000 | 3,367,000 | |
| Number Of Employees | 170 | 129 | 65 | 50 | 42 | 32 |
| EBITDA* | -157,852,000 | -127,322,000 | -61,401,000 | -41,550,000 | -26,300,000 | -19,130,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 10,292,000 | 14,595,000 | 1,821,000 | 1,050,000 | 1,108,000 | 1,034,000 |
| Intangible Assets | 24,000 | 40,000 | ||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 10,316,000 | 14,635,000 | 1,821,000 | 1,050,000 | 1,108,000 | 1,034,000 |
| Stock & work in progress | ||||||
| Trade Debtors | 1,690,000 | 741,000 | 2,196,000 | 6,000 | 3,932,000 | |
| Group Debtors | ||||||
| Misc Debtors | 25,425,000 | 23,806,000 | 13,963,000 | 9,909,000 | 8,986,000 | 6,325,000 |
| Cash | 18,224,000 | 25,814,000 | 32,224,000 | 15,028,000 | 24,384,000 | 6,902,000 |
| misc current assets | ||||||
| total current assets | 43,649,000 | 51,310,000 | 46,928,000 | 27,133,000 | 33,376,000 | 17,159,000 |
| total assets | 53,965,000 | 65,945,000 | 48,749,000 | 28,183,000 | 34,484,000 | 18,193,000 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 9,923,000 | 5,103,000 | 1,844,000 | 681,000 | 1,170,000 | 1,415,000 |
| Group/Directors Accounts | 243,129,000 | 190,914,000 | 94,697,000 | 61,426,000 | 60,429,000 | 18,716,000 |
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 37,316,000 | 35,775,000 | 24,676,000 | 13,158,000 | 5,316,000 | 12,045,000 |
| total current liabilities | 290,368,000 | 231,792,000 | 121,217,000 | 75,265,000 | 66,915,000 | 32,176,000 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 86,787,000 | 33,552,000 | 36,821,000 | 15,702,000 | ||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 86,787,000 | 33,552,000 | 36,821,000 | 15,702,000 | ||
| total liabilities | 377,155,000 | 265,344,000 | 158,038,000 | 90,967,000 | 66,915,000 | 32,176,000 |
| net assets | -323,190,000 | -199,399,000 | -109,289,000 | -62,784,000 | -32,431,000 | -13,983,000 |
| total shareholders funds | -323,190,000 | -199,399,000 | -109,289,000 | -62,784,000 | -32,431,000 | -13,983,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -162,716,000 | -130,026,000 | -62,189,000 | -42,318,000 | -26,910,000 | -19,605,000 |
| Depreciation | 4,864,000 | 2,704,000 | 788,000 | 768,000 | 610,000 | 475,000 |
| Amortisation | ||||||
| Tax | 18,884,000 | 15,900,000 | 7,861,000 | 6,613,000 | 5,224,000 | 4,816,000 |
| Stock | ||||||
| Debtors | -71,000 | 10,792,000 | 2,599,000 | 3,113,000 | -1,265,000 | 10,257,000 |
| Creditors | 4,820,000 | 3,259,000 | 1,163,000 | -489,000 | -245,000 | 1,415,000 |
| Accruals and Deferred Income | 54,776,000 | 7,830,000 | 32,637,000 | 23,544,000 | -6,729,000 | 12,045,000 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | -79,301,000 | -111,125,000 | -22,339,000 | -14,995,000 | -26,785,000 | -11,111,000 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 52,215,000 | 96,217,000 | 33,271,000 | 997,000 | 41,713,000 | 18,716,000 |
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | 30,000 | -54,000 | -54,000 | 148,000 | 60,000 | 30,000 |
| cash flow from financing | 72,256,000 | 120,233,000 | 41,094,000 | 6,349,000 | 44,951,000 | 19,522,000 |
| cash and cash equivalents | ||||||
| cash | -7,590,000 | -6,410,000 | 17,196,000 | -9,356,000 | 17,482,000 | 6,902,000 |
| overdraft | ||||||
| change in cash | -7,590,000 | -6,410,000 | 17,196,000 | -9,356,000 | 17,482,000 | 6,902,000 |
bicycletx limited Credit Report and Business Information
Bicycletx Limited Competitor Analysis
Perform a competitor analysis for bicycletx limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in CB21 area or any other competitors across 12 key performance metrics.
bicycletx limited Ownership
BICYCLETX LIMITED group structure
Bicycletx Limited has no subsidiary companies.
bicycletx limited directors
Bicycletx Limited currently has 4 directors. The longest serving directors include Mr Kevin Lee (Oct 2017) and Mr Bosun Hau (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Lee | United Kingdom | 57 years | Oct 2017 | - | Director |
| Mr Bosun Hau | Hong Kong | 46 years | May 2019 | - | Director |
| Mr Michael Skynner | United Kingdom | 56 years | Jun 2021 | - | Director |
| Mirza Qadir | United Kingdom | 41 years | Jun 2021 | - | Director |
P&L
December 2023turnover
21m
+92%
operating profit
-162.7m
+25%
gross margin
38.3%
-0.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-323.2m
+0.62%
total assets
54m
-0.18%
cash
18.2m
-0.29%
net assets
Total assets minus all liabilities
bicycletx limited company details
company number
11036101
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
blocks a & b, portway building, granta park, cambridge, CB21 6GS
Bank
BARCLAYS BANK PLC
Legal Advisor
COOLEY (UK) LLP
bicycletx 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 1 charges/mortgages relating to bicycletx limited. Currently there are 0 open charges and 1 have been satisfied in the past.
bicycletx 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 BICYCLETX LIMITED. This can take several minutes, an email will notify you when this has completed.
bicycletx limited Companies House Filings - See Documents
| date | description | view/download |
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