CYCLESCHEME LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-28
Confirmation statement due
2027-02-28 (in 9mo)
Last made up 2026-02-14
Watchouts
None on the register
Cash
£40M
-3% vs 2023
Net assets
£16M
+85.5% vs 2023
Employees
4
0% vs 2023
Profit before tax
£10M
+10.4% vs 2023
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-28
| Metric | Trend | 2022-12-31 | 2023-12-30 | 2024-12-28 |
|---|---|---|---|---|
| Turnover | — | £14,957,000 | £15,363,000 | |
| Operating profit | — | £7,975,000 | £8,327,000 | |
| Profit before tax | — | £9,070,000 | £10,010,000 | |
| Net profit | — | £7,167,000 | £7,403,000 | |
| Cash | — | £40,862,000 | £39,642,000 | |
| Total assets less current liabilities | — | £8,657,000 | £16,060,000 | |
| Net assets | — | £8,657,000 | £16,060,000 | |
| Equity | £11,490,000 | £8,657,000 | £16,060,000 | |
| Average employees | — | 4 | 4 | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-28 vs 2023-12-30
-
Turnover
+2.7%
£14,957,000 £15,363,000
-
Cash
-3%
£40,862,000 £39,642,000
-
Net assets
+85.5%
£8,657,000 £16,060,000
-
Employees
0%
4 4
-
Operating profit
+4.4%
£7,975,000 £8,327,000
-
Profit before tax
+10.4%
£9,070,000 £10,010,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-30 | 2024-12-28 |
|---|---|---|---|---|
| Operating margin | — | 53.3% | 54.2% | |
| Net margin | — | 47.9% | 48.2% | |
| Return on capital employed | — | 92.1% | 51.8% | |
| Current ratio | — | 1.23x | 1.53x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“During 2024 the Directors reversed the decision referred to in the 2022 financial statements regarding combining Cyclescheme Limited with Blackhawk Network EMEA Limited. Therefore these accounts will continue to be produced on a going concern basis as Cyclescheme Limited. No material adjustments arose as a result of returning to the going concern basis of preparation.”
Significant events
- “Turnover increased by 3% to £15.3 million, showing continued high demand despite a challenging market.”
- “The Directors reversed the decision referred to in the 2022 financial statements regarding combining Cyclescheme Limited with Blackhawk Network EMEA Limited. Therefore these accounts will continue to be produced on a going concern basis as Cyclescheme Limited.”
- “During the year we improved our payment process so that our partners could be paid on every working day of the year. In 2025 we took this a step further and enabled Faster Payments for all bike stores so that they receive their funds on the same day it leaves our account.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WAINHOUSE, Michelle Josephine | Secretary | 2016-10-06 | — | — |
| GURNEY, Patrick Philip | Director | 2016-10-06 | Jun 1970 | British |
| HOWE, Matthew David | Director | 2016-10-06 | Aug 1971 | English |
| WARREN, Adrian Stuart | Director | 2016-10-06 | May 1980 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, Gary Mervin | Secretary | 2005-02-14 | 2010-03-18 |
| EVANS, Marian | Secretary | 2013-06-30 | 2016-10-06 |
| O'BYRNE, Helen Sarah | Secretary | 2010-03-18 | 2013-06-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-02-14 | 2005-02-14 |
| BARTLETT, Paul Ashley | Director | 2010-03-18 | 2016-10-06 |
| COOPER, Gary Mervin | Director | 2005-02-14 | 2016-10-06 |
| EGERTON KING, Nigel David | Director | 2010-03-18 | 2011-05-24 |
| EVANS, David William | Director | 2012-09-20 | 2013-02-18 |
| GILLBORN, Daniel Louis | Director | 2016-10-07 | 2017-12-15 |
| GILLBORN, Daniel Louis | Director | 2012-09-20 | 2016-10-06 |
| GRIGSBY, Richard Lindsey | Director | 2005-02-14 | 2016-10-06 |
| KENNY, Jonathan Paul Andrew | Director | 2016-10-06 | 2018-08-07 |
| LISTER, Andrew William | Director | 2016-10-07 | 2017-12-15 |
| LISTER, Andrew William | Director | 2013-02-18 | 2016-10-06 |
| LISTER, Anrew William | Director | 2010-03-18 | 2012-11-05 |
| RICHESSON, Kirsten Ellen | Director | 2016-10-06 | 2023-06-16 |
| RONALD, Christopher Noel Austin | Director | 2021-04-01 | 2026-01-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hawk Incentives Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 98 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-12 | AA | accounts | Accounts with accounts type full | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-12 | AA | accounts | Accounts with accounts type full | |
| 2024-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2023-09-26 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-08 | AA01 | accounts | Change account reference date company current extended | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-03-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-07-19 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2021-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-28 | AA | accounts | Accounts with accounts type full | |
| 2020-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.