CYCLESPORT NORTH LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -19.8%

  £28,458,571 → £22,833,415

  lowest in 5 filed years

• Cash

  -69.2%

  £518,249 → £159,700

  lowest in 5 filed years

• Net assets

  -151.8%

  £2,846,141 → -£1,475,074

• Employees

  -30.4%

  194 → 135

  lowest in 5 filed years

• Operating profit

  -83.2%

  -£2,332,463 → -£4,272,191

• Profit before tax

  -77.5%

  -£2,630,279 → -£4,668,425

• Wages

  -23.6%

  £5,031,559 → £3,844,092

  lowest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

FLB Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. These financial statements are prepared on a going concern basis. The results of the Company in the period reflect the Company's principal business activity, being a manufacturer and retailer of complete bicycles. In considering the Company's going concern the directors have obtained assurances from True Capital III LP that, if required, funds will be available to meet liabilities as they fall due.”

Significant events

• “FY24 saw post-COVID disruption begin to ease, with supply chain performance and delivery dates improving towards the year end as the mid-year ERP rollout laid the foundations for stronger availability and operational efficiency.”
• “As progress accelerated, post year-end saw the completion of a restructuring of the Company's funding from its shareholders, with an injection of additional loan finance alongside the conversion of existing debt into equity.”
• “Post period end on 25 November 2024, 17 December 2024 and 14 February 2025, True Capital III LP, a shareholder of the Company's ultimate parent company, Bradley Ultra Topco Limited, has agreed to provide three loans totalling £2,500,000 to the Company's indirect parent company, Bradley Topco Limited, which were onward lent on the same dates and under the same terms to the Company strictly on a short term basis.”
• “Subsequent to the period end, on 29 June 2025, £7,934,347 of intercompany loans owed by this company was converted into equity.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.