welovecycles ltd
welovecycles ltd Company Information
Company Number
12392086
Website
welovecycles.comRegistered Address
2nd floor, college house,, 17 king edwards road, ruislip, london, HA4 7AE
Industry
Retail sale of sporting equipment in specialised stores
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Directors
Shah Muhammad0 Years
Shareholders
mohammad kaisar ali 100%
welovecycles ltd Estimated Valuation
Pomanda estimates the enterprise value of WELOVECYCLES LTD at £377.9k based on a Turnover of £1.1m and 0.34x industry multiple (adjusted for size and gross margin).
welovecycles ltd Estimated Valuation
Pomanda estimates the enterprise value of WELOVECYCLES LTD at £60.4k based on an EBITDA of £15.7k and a 3.86x industry multiple (adjusted for size and gross margin).
welovecycles ltd Estimated Valuation
Pomanda estimates the enterprise value of WELOVECYCLES LTD at £91.3k based on Net Assets of £38.6k and 2.37x industry multiple (adjusted for liquidity).
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Welovecycles Ltd Overview
Welovecycles Ltd is a live company located in ruislip, HA4 7AE with a Companies House number of 12392086. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in January 2020, it's largest shareholder is mohammad kaisar ali with a 100% stake. Welovecycles Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.1m with unknown growth in recent years.
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Welovecycles Ltd Health Check
Pomanda's financial health check has awarded Welovecycles Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £1.1m, make it larger than the average company (£602.5k)
- Welovecycles Ltd
£602.5k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Welovecycles Ltd
- - Industry AVG
Production
with a gross margin of 23.5%, this company has a higher cost of product (31.2%)
- Welovecycles Ltd
31.2% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (4.6%)
- Welovecycles Ltd
4.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (24)
5 - Welovecycles Ltd
24 - Industry AVG
Pay Structure
on an average salary of £25k, the company has an equivalent pay structure (£25k)
- Welovecycles Ltd
£25k - Industry AVG
Efficiency
resulting in sales per employee of £224.3k, this is more efficient (£147.1k)
- Welovecycles Ltd
£147.1k - Industry AVG
Debtor Days
it gets paid by customers after 140 days, this is later than average (24 days)
- Welovecycles Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (29 days)
- Welovecycles Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Welovecycles Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Welovecycles Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.3%, this is a higher level of debt than the average (73.8%)
91.3% - Welovecycles Ltd
73.8% - Industry AVG
WELOVECYCLES LTD financials
Welovecycles Ltd's latest turnover from January 2023 is estimated at £1.1 million and the company has net assets of £38.6 thousand. According to their latest financial statements, Welovecycles Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | |
|---|---|---|---|
| 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 | 5 | 5 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | |
|---|---|---|---|
| Tangible Assets | 12,342 | 15,427 | 5,307 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 12,342 | 15,427 | 5,307 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 432,755 | 388,834 | 134,286 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 432,755 | 388,834 | 134,286 |
| total assets | 445,097 | 404,261 | 139,593 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 250,555 | 210,334 | 60,710 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 250,555 | 210,334 | 60,710 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 155,965 | 168,044 | 73,710 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 155,965 | 168,044 | 73,710 |
| total liabilities | 406,520 | 378,378 | 134,420 |
| net assets | 38,577 | 25,883 | 5,173 |
| total shareholders funds | 38,577 | 25,883 | 5,173 |
| Jan 2023 | Jan 2022 | Jan 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 43,921 | 254,548 | 134,286 |
| Creditors | 40,221 | 149,624 | 60,710 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | -12,079 | 94,334 | 73,710 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
welovecycles ltd Credit Report and Business Information
Welovecycles Ltd Competitor Analysis
Perform a competitor analysis for welovecycles ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HA4 area or any other competitors across 12 key performance metrics.
welovecycles ltd Ownership
WELOVECYCLES LTD group structure
Welovecycles Ltd has no subsidiary companies.
Ultimate parent company
WELOVECYCLES LTD
12392086
welovecycles ltd directors
Welovecycles Ltd currently has 1 director, Mr Shah Muhammad serving since Nov 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shah Muhammad | United Kingdom | 56 years | Nov 2023 | - | Director |
P&L
January 2023turnover
1.1m
+19%
operating profit
15.7k
0%
gross margin
23.6%
+6.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
38.6k
+0.49%
total assets
445.1k
+0.1%
cash
0
0%
net assets
Total assets minus all liabilities
welovecycles ltd company details
company number
12392086
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
January 2020
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
2nd floor, college house,, 17 king edwards road, ruislip, london, HA4 7AE
Bank
-
Legal Advisor
-
welovecycles ltd 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 welovecycles ltd.
welovecycles ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
