welovecycles ltd

2.5

welovecycles ltd Company Information

Share WELOVECYCLES LTD
Live 
StartupSmall

Company Number

12392086

Registered 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

£377.9k

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

£60.4k

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

£91.3k

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).

Edit your figures and get a professional valuation report.

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £1.1m, make it larger than the average company (£602.5k)

£1.1m - Welovecycles Ltd

£602.5k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Welovecycles Ltd

- - Industry AVG

production

Production

with a gross margin of 23.5%, this company has a higher cost of product (31.2%)

23.5% - Welovecycles Ltd

31.2% - Industry AVG

profitability

Profitability

an operating margin of 1.4% make it less profitable than the average company (4.6%)

1.4% - Welovecycles Ltd

4.6% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (24)

5 - Welovecycles Ltd

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £25k, the company has an equivalent pay structure (£25k)

£25k - Welovecycles Ltd

£25k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £224.3k, this is more efficient (£147.1k)

£224.3k - Welovecycles Ltd

£147.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 140 days, this is later than average (24 days)

140 days - Welovecycles Ltd

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 106 days, this is slower than average (29 days)

106 days - Welovecycles Ltd

29 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Welovecycles Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Welovecycles Ltd

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Jan 2023Jan 2022Jan 2021
Turnover1,121,513942,209297,871
Other Income Or Grants000
Cost Of Sales857,760734,690230,919
Gross Profit263,752207,51966,952
Admin Expenses248,080181,95160,566
Operating Profit15,67225,5686,386
Interest Payable000
Interest Receivable000
Pre-Tax Profit15,67225,5686,386
Tax-2,978-4,858-1,213
Profit After Tax12,69420,7105,173
Dividends Paid000
Retained Profit12,69420,7105,173
Employee Costs125,011124,64464,519
Number Of Employees553
EBITDA*15,67225,5686,386

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021
Tangible Assets12,34215,4275,307
Intangible Assets000
Investments & Other000
Debtors (Due After 1 year)000
Total Fixed Assets12,34215,4275,307
Stock & work in progress000
Trade Debtors432,755388,834134,286
Group Debtors000
Misc Debtors000
Cash000
misc current assets000
total current assets432,755388,834134,286
total assets445,097404,261139,593
Bank overdraft000
Bank loan000
Trade Creditors 250,555210,33460,710
Group/Directors Accounts000
other short term finances000
hp & lease commitments000
other current liabilities000
total current liabilities250,555210,33460,710
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities155,965168,04473,710
provisions000
total long term liabilities155,965168,04473,710
total liabilities406,520378,378134,420
net assets38,57725,8835,173
total shareholders funds38,57725,8835,173
Jan 2023Jan 2022Jan 2021
Operating Activities
Operating Profit15,67225,5686,386
Depreciation000
Amortisation000
Tax-2,978-4,858-1,213
Stock000
Debtors43,921254,548134,286
Creditors40,221149,62460,710
Accruals and Deferred Income000
Deferred Taxes & Provisions000
Cash flow from operations8,994-84,214-68,403
Investing Activities
capital expenditure3,085-10,120-5,307
Change in Investments000
cash flow from investments3,085-10,120-5,307
Financing Activities
Bank loans000
Group/Directors Accounts000
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities-12,07994,33473,710
share issue000
interest000
cash flow from financing-12,07994,33473,710
cash and cash equivalents
cash000
overdraft000
change in cash000

welovecycles ltd 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 welovecycles ltd. Get real-time insights into welovecycles ltd'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

Welovecycles Ltd Competitor Analysis

competitor_analysis_table_img

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 Shareholders

mohammad kaisar ali 100%

welovecycles ltd directors

Welovecycles Ltd currently has 1 director, Mr Shah Muhammad serving since Nov 2023.

officercountryagestartendrole
Mr Shah MuhammadUnited Kingdom56 years Nov 2023- Director

P&L

January 2023

turnover

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 2023

net 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

None

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.

charges

welovecycles ltd Companies House Filings - See Documents

datedescriptionview/download