INSYNC BIKES 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

  -9.1%

  £10,028,389 → £9,115,151

• Cash

  -38.8%

  £396,381 → £242,730

• Net assets

  -9.3%

  -£1,428,857 → -£1,562,201

• Employees

  -21.1%

  19 → 15

• Operating profit

  +99.4%

  -£1,470,769 → -£8,110

• Profit before tax

  +93.3%

  -£2,004,875 → -£133,344

• Wages

  -16.1%

  £551,427 → £462,879

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. INSYNC BIKES LIMITED 2019-11-25 → present
2. AVOCET SPORTS LIMITED 2005-09-22 → 2019-11-25

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Sumer Auditco Limited

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 group's and parent 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. At the reporting date the Group had net liabilities amounting to £1,562,201 (2024: £1,428,857) and reported a loss before tax of £133,344 (2024: £2,004,875). The directors have prepared budgets and forecasts which demonstrate that the Group can manage its working capital and generate sufficient operating cash flows to enable it to meet its liabilities for the foreseeable future. In addition, Hero Cycles Ltd via OPM Global BV have provided a letter of support confirming their intention to continue to support the Group. For these reasons, the directors consider it appropriate to prepare the financial statements on the going concern basis.”

Group structure

1. INSYNC BIKES LIMITED · parent
   1. Momentum International Limited 100% · Dormant
   2. Parkers(BDA) Limited 100% · Dormant
   3. Parker's (Manchester & Bolton) Limited 100% · Bicycle retailer

Significant events

• “The year ended 30 March 2025 marked a clear inflection point in the Company's operational performance. The Company delivered a positive adjusted EBITDA of £79,177, compared with an adjusted EBITDA loss of £1.528 million in the prior year, reflecting the tangible impact of decisive management actions taken during the period.”
• “The company continues to receive unwavering support from the Group with £4m of equity being introduced by Hero Cycles during the financial period under review.”
• “A judgment obtained on 14 September 2018 for damages amounting to £3,609,160, plus interest and legal costs, is being progressed in Sri Lanka but enforcement has been frustrated by delays in court hearings, with the next hearing scheduled for early 2026.”
• “Due to UK bike markets experiencing huge erosion in demand, the operations of Insync need to be restructured. This includes immediate realignment of operations to focus on long term strategic corporate accounts, cost reductions (circa £400,000-£450,000 per year) and staff headcount reduction to a small, focused core team.”

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

Filings

8

last 12 months

Capital events

3

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.