evans cycles limited
evans cycles limited Company Information
Company Number
11577650
Next Accounts
Jan 2025
Industry
Buying and selling of own real estate
Retail sale of sporting equipment in specialised stores
Directors
-
Shareholders
sportsdirect.com retail limited
Group Structure
View All
Contact
Registered Address
unit a brook park east, shirebrook, NG20 8RY
Website
http://sportsdirect.comevans cycles limited Estimated Valuation
Pomanda estimates the enterprise value of EVANS CYCLES LIMITED at £131.3m based on a Turnover of £45.8m and 2.87x industry multiple (adjusted for size and gross margin).
evans cycles limited Estimated Valuation
Pomanda estimates the enterprise value of EVANS CYCLES LIMITED at £0 based on an EBITDA of £-21.3m and a 9.37x industry multiple (adjusted for size and gross margin).
evans cycles limited Estimated Valuation
Pomanda estimates the enterprise value of EVANS CYCLES LIMITED at £0 based on Net Assets of £-43.6m and 1.84x industry multiple (adjusted for liquidity).
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Evans Cycles Limited Overview
Evans Cycles Limited is a live company located in shirebrook, NG20 8RY with a Companies House number of 11577650. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in September 2018, it's largest shareholder is sportsdirect.com retail limited with a 100% stake. Evans Cycles Limited is a young, large sized company, Pomanda has estimated its turnover at £45.8m with declining growth in recent years.
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Evans Cycles Limited Health Check
Pomanda's financial health check has awarded Evans Cycles Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £45.8m, make it larger than the average company (£710.5k)
£45.8m - Evans Cycles Limited
£710.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (5%)
-24% - Evans Cycles Limited
5% - Industry AVG
Production
with a gross margin of 35.4%, this company has a higher cost of product (50%)
35.4% - Evans Cycles Limited
50% - Industry AVG
Profitability
an operating margin of -50.7% make it less profitable than the average company (17.8%)
-50.7% - Evans Cycles Limited
17.8% - Industry AVG
Employees
with 504 employees, this is above the industry average (8)
504 - Evans Cycles Limited
8 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has a lower pay structure (£30.3k)
£19.8k - Evans Cycles Limited
£30.3k - Industry AVG
Efficiency
resulting in sales per employee of £90.9k, this is less efficient (£165.6k)
£90.9k - Evans Cycles Limited
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (25 days)
6 days - Evans Cycles Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (29 days)
13 days - Evans Cycles Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Evans Cycles Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Evans Cycles Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.9%, this is a higher level of debt than the average (68.5%)
140.9% - Evans Cycles Limited
68.5% - Industry AVG
EVANS CYCLES LIMITED financials
Evans Cycles Limited's latest turnover from April 2023 is £45.8 million and the company has net assets of -£43.6 million. According to their latest financial statements, Evans Cycles Limited has 504 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Turnover | 45,800,000 | 45,348,000 | 91,553,000 | 105,643,000 | 44,648,184 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 29,609,000 | 24,970,000 | 51,050,000 | 68,599,000 | 30,666,194 |
| Gross Profit | 16,191,000 | 20,378,000 | 40,503,000 | 37,044,000 | 13,981,990 |
| Admin Expenses | 39,393,000 | 25,739,000 | 43,290,000 | 39,059,000 | 22,748,208 |
| Operating Profit | -23,202,000 | -5,361,000 | -2,787,000 | -2,015,000 | -8,766,218 |
| Interest Payable | 3,000 | 0 | 3,000 | 1,446,000 | 514,902 |
| Interest Receivable | 0 | 149,000 | 0 | 0 | 0 |
| Pre-Tax Profit | -23,205,000 | -5,212,000 | -2,790,000 | -3,461,000 | -9,281,120 |
| Tax | 380,000 | -119,000 | 18,000 | 17,000 | 4,778 |
| Profit After Tax | -22,825,000 | -5,331,000 | -2,772,000 | -3,444,000 | -9,276,342 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -22,825,000 | -5,331,000 | -2,772,000 | -3,444,000 | -9,276,342 |
| Employee Costs | 9,954,000 | 9,268,000 | 19,442,000 | 22,864,000 | 11,331,785 |
| Number Of Employees | 504 | 490 | 829 | 1,110 | 1,179 |
| EBITDA* | -21,261,000 | -4,247,000 | -2,467,000 | -1,564,000 | -8,546,604 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 558,000 | 2,024,000 | 1,357,000 | 816,000 | 724,954 |
| Intangible Assets | 0 | 0 | 282,000 | 300,000 | 334,886 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 40,000 | 22,000 | 0 |
| Total Fixed Assets | 558,000 | 2,024,000 | 1,639,000 | 1,116,000 | 1,059,840 |
| Stock & work in progress | 0 | 0 | 0 | 25,399,000 | 25,865,103 |
| Trade Debtors | 863,000 | 96,000 | 2,797,000 | 2,135,000 | 3,933,964 |
| Group Debtors | 101,355,000 | 30,405,000 | 445,000 | 0 | 0 |
| Misc Debtors | 2,645,000 | 3,009,000 | 3,999,000 | 4,004,000 | 5,277,219 |
| Cash | 1,365,000 | 1,938,000 | 9,417,000 | 5,062,000 | 8,055,108 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 106,228,000 | 35,448,000 | 16,658,000 | 36,600,000 | 43,131,394 |
| total assets | 106,786,000 | 37,472,000 | 18,297,000 | 37,716,000 | 44,191,234 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,101,000 | 255,000 | 694,000 | 4,624,000 | 6,674,819 |
| Group/Directors Accounts | 140,461,000 | 54,410,000 | 0 | 0 | 38,779,323 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,698,000 | 3,551,000 | 33,095,000 | 45,722,000 | 8,013,334 |
| total current liabilities | 145,260,000 | 58,216,000 | 33,789,000 | 50,346,000 | 53,467,476 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,174,000 | 79,000 | 0 | 180,000 | 0 |
| total long term liabilities | 5,174,000 | 79,000 | 0 | 90,000 | 0 |
| total liabilities | 150,434,000 | 58,295,000 | 33,789,000 | 50,436,000 | 53,467,476 |
| net assets | -43,648,000 | -20,823,000 | -15,492,000 | -12,720,000 | -9,276,242 |
| total shareholders funds | -43,648,000 | -20,823,000 | -15,492,000 | -12,720,000 | -9,276,242 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -23,202,000 | -5,361,000 | -2,787,000 | -2,015,000 | -8,766,218 |
| Depreciation | 1,941,000 | 832,000 | 302,000 | 416,000 | 201,988 |
| Amortisation | 0 | 282,000 | 18,000 | 35,000 | 17,626 |
| Tax | 380,000 | -119,000 | 18,000 | 17,000 | 4,778 |
| Stock | 0 | 0 | -25,399,000 | -466,103 | 25,865,103 |
| Debtors | 71,353,000 | 26,229,000 | 1,120,000 | -3,050,183 | 9,211,183 |
| Creditors | 846,000 | -439,000 | -3,930,000 | -2,050,819 | 6,674,819 |
| Accruals and Deferred Income | 147,000 | -29,544,000 | -12,627,000 | 37,708,666 | 8,013,334 |
| Deferred Taxes & Provisions | 5,095,000 | 79,000 | -180,000 | 180,000 | 0 |
| Cash flow from operations | -86,146,000 | -60,499,000 | 5,093,000 | 37,807,133 | -28,929,959 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 86,051,000 | 54,410,000 | 0 | -38,779,323 | 38,779,323 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -3,000 | 149,000 | -3,000 | -1,446,000 | -514,902 |
| cash flow from financing | 86,048,000 | 54,559,000 | -3,000 | -40,225,081 | 38,264,521 |
| cash and cash equivalents | |||||
| cash | -573,000 | -7,479,000 | 4,355,000 | -2,993,108 | 8,055,108 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -573,000 | -7,479,000 | 4,355,000 | -2,993,108 | 8,055,108 |
evans cycles limited Credit Report and Business Information
Evans Cycles Limited Competitor Analysis
Perform a competitor analysis for evans cycles limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in NG20 area or any other competitors across 12 key performance metrics.
evans cycles limited Ownership
EVANS CYCLES LIMITED group structure
Evans Cycles Limited has no subsidiary companies.
Ultimate parent company
2 parents
EVANS CYCLES LIMITED
11577650
evans cycles limited directors
Evans Cycles Limited currently has 1 director, undefined undefined serving since - .
| officer | country | age | start | end | role |
|---|
P&L
April 2023turnover
45.8m
+1%
operating profit
-23.2m
+333%
gross margin
35.4%
-21.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-43.6m
+1.1%
total assets
106.8m
+1.85%
cash
1.4m
-0.3%
net assets
Total assets minus all liabilities
evans cycles limited company details
company number
11577650
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
September 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
sdi (propco 78) limited (November 2018)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
unit a brook park east, shirebrook, NG20 8RY
Bank
BARCLAYS BANK PLC
Legal Advisor
-
evans cycles 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 evans cycles limited.
evans cycles 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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evans cycles limited Companies House Filings - See Documents
| date | description | view/download |
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