shark bikes ltd
shark bikes ltd Company Information
Group Structure
View All
Industry
Manufacture of bicycles and invalid carriages
Registered Address
units a & b, mill lane industrial park, beverley, HU17 9DH
Website
sharkebikes.comshark bikes ltd Estimated Valuation
Pomanda estimates the enterprise value of SHARK BIKES LTD at £66.7k based on a Turnover of £172.2k and 0.39x industry multiple (adjusted for size and gross margin).
shark bikes ltd Estimated Valuation
Pomanda estimates the enterprise value of SHARK BIKES LTD at £0 based on an EBITDA of £-46k and a 3.18x industry multiple (adjusted for size and gross margin).
shark bikes ltd Estimated Valuation
Pomanda estimates the enterprise value of SHARK BIKES LTD at £0 based on Net Assets of £-53.6k and 2.03x industry multiple (adjusted for liquidity).
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Shark Bikes Ltd Overview
Shark Bikes Ltd is a live company located in beverley, HU17 9DH with a Companies House number of 12599638. It operates in the manufacture of bicycles and invalid carriages sector, SIC Code 30920. Founded in May 2020, it's largest shareholder is lpe group ltd with a 100% stake. Shark Bikes Ltd is a young, micro sized company, Pomanda has estimated its turnover at £172.2k with rapid growth in recent years.
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Shark Bikes Ltd Health Check
Pomanda's financial health check has awarded Shark Bikes Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £172.2k, make it smaller than the average company (£10m)
- Shark Bikes Ltd
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (3.3%)
- Shark Bikes Ltd
3.3% - Industry AVG
Production
with a gross margin of 30.4%, this company has a comparable cost of product (30.4%)
- Shark Bikes Ltd
30.4% - Industry AVG
Profitability
an operating margin of -30% make it less profitable than the average company (-0.7%)
- Shark Bikes Ltd
-0.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (91)
1 - Shark Bikes Ltd
91 - Industry AVG
Pay Structure
on an average salary of £34.1k, the company has an equivalent pay structure (£34.1k)
- Shark Bikes Ltd
£34.1k - Industry AVG
Efficiency
resulting in sales per employee of £172.2k, this is equally as efficient (£160.1k)
- Shark Bikes Ltd
£160.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (24 days)
- Shark Bikes Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (34 days)
- Shark Bikes Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 947 days, this is more than average (192 days)
- Shark Bikes Ltd
192 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)
3 weeks - Shark Bikes Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.9%, this is a higher level of debt than the average (57.3%)
113.9% - Shark Bikes Ltd
57.3% - Industry AVG
SHARK BIKES LTD financials
Shark Bikes Ltd's latest turnover from December 2023 is estimated at £172.2 thousand and the company has net assets of -£53.6 thousand. According to their latest financial statements, Shark Bikes Ltd has 1 employee and maintains cash reserves of £25.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 21,937 | 18,741 | 1,378 | |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 21,937 | 18,741 | 1,378 | |
| Stock & work in progress | 311,322 | 338,631 | 44,909 | 6,521 |
| Trade Debtors | 119 | 3,330 | ||
| Group Debtors | 100 | |||
| Misc Debtors | 27,579 | 27,803 | 83,645 | 9,248 |
| Cash | 25,785 | 1,401 | 41,941 | 30,160 |
| misc current assets | ||||
| total current assets | 364,805 | 371,165 | 170,495 | 46,029 |
| total assets | 386,742 | 389,906 | 171,873 | 46,029 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 4,902 | 69,626 | 1,439 | 77 |
| Group/Directors Accounts | 431,117 | 318,782 | 152,324 | 50,000 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 3,173 | 3,875 | 900 | 600 |
| total current liabilities | 439,192 | 392,283 | 154,663 | 50,677 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 1,192 | 299 | ||
| total long term liabilities | 1,192 | 299 | ||
| total liabilities | 440,384 | 392,582 | 154,663 | 50,677 |
| net assets | -53,642 | -2,676 | 17,210 | -4,648 |
| total shareholders funds | -53,642 | -2,676 | 17,210 | -4,648 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 5,695 | 1,578 | 199 | |
| Amortisation | ||||
| Tax | ||||
| Stock | -27,309 | 293,722 | 38,388 | 6,521 |
| Debtors | -3,435 | -52,512 | 74,297 | 9,348 |
| Creditors | -64,724 | 68,187 | 1,362 | 77 |
| Accruals and Deferred Income | -702 | 2,975 | 300 | 600 |
| Deferred Taxes & Provisions | 893 | 299 | ||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 112,335 | 166,458 | 102,324 | 50,000 |
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 24,384 | -40,540 | 11,781 | 30,160 |
| overdraft | ||||
| change in cash | 24,384 | -40,540 | 11,781 | 30,160 |
shark bikes ltd Credit Report and Business Information
Shark Bikes Ltd Competitor Analysis
Perform a competitor analysis for shark bikes ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in HU17 area or any other competitors across 12 key performance metrics.
shark bikes ltd Ownership
SHARK BIKES LTD group structure
Shark Bikes Ltd has no subsidiary companies.
shark bikes ltd directors
Shark Bikes Ltd currently has 1 director, Mr Carl Sharkey serving since May 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Carl Sharkey | England | 47 years | May 2020 | - | Director |
P&L
December 2023turnover
172.2k
-30%
operating profit
-51.7k
0%
gross margin
30.4%
-9.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-53.6k
+19.05%
total assets
386.7k
-0.01%
cash
25.8k
+17.4%
net assets
Total assets minus all liabilities
Similar Companies
shark bikes ltd company details
company number
12599638
Type
Private limited with Share Capital
industry
30920 - Manufacture of bicycles and invalid carriages
incorporation date
May 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
shark ebikes ltd (July 2024)
accountant
SOWERBY
auditor
-
address
units a & b, mill lane industrial park, beverley, HU17 9DH
Bank
-
Legal Advisor
-
shark bikes 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 shark bikes ltd.
shark bikes ltd 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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shark bikes ltd Companies House Filings - See Documents
| date | description | view/download |
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