WATTBIKE LIMITED

• ⚠

  Material uncertainty over going concern

  We draw your attention to Note 1.2 to the Company financial statements which explains that the company has finance in place until June 2026 (which is less than 12 months from the approval of the financial statements). In addition, the group has not operated at a profit since 2021.The loss after tax in the year amounted to £5,169,925 (2023 - £6,584,205). At the balance sheet date, the company had net liabilities of £15,766,831 (2023 - £10,504,541). These conditions along with the other matters as set out in Note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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

  -8.3%

  £13,642,797 → £12,512,625

• Cash

  +109.6%

  £360,499 → £755,428

• Net assets

  -50.1%

  -£10,504,541 → -£15,766,831

  lowest in 4 filed years

• Employees

  -10.2%

  59 → 53

  lowest in 4 filed years

• Operating profit

  +42.5%

  -£5,617,475 → -£3,231,424

• Profit before tax

  +21.9%

  -£6,421,913 → -£5,018,405

• Wages

  -14.4%

  £2,547,279 → £2,180,877

  lowest in 4 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.

1. WATTBIKE LIMITED 2006-12-18 → present
2. MANY LIMITED 2005-09-05 → 2006-12-18

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to Note 1.2 to the Company financial statements which explains that the company has finance in place until June 2026 (which is less than 12 months from the approval of the financial statements). In addition, the group has not operated at a profit since 2021.The loss after tax in the year amounted to £5,169,925 (2023 - £6,584,205). At the balance sheet date, the company had net liabilities of £15,766,831 (2023 - £10,504,541). These conditions along with the other matters as set out in Note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “Subsequent to the end of the financial year, on 30 June 2025, the Company extended its asset backed facilities with agreement for a further 12 month term. The value of the new facility varies over time alongside the asset base but with a maximum total value of £2,000,000, comprising amounts secured on group assets including stock, trade debtors and other assets (including intellectual property).”
• “On 1 July 2025 the entire share capital, as well as all outstanding debenture loans, of Wattbike (Holdings) Limited were acquired by Interactive Strength Inc., a business established in the United States Of America and with its shares listed on the NASDAQ stock exchange (symbol: TRNR).”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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