CYCLE SOLUTIONS (CYCLE TO WORK) LIMITED
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Cash
£800
-99.6% vs 2024
Net assets
£3.4M
+4% highest in 5 filed years
Employees
77
+6.9% highest in 5 filed years
Profit before tax
£581K
-31.9% lowest in 5 filed years
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £19,164,707 | £21,102,907 | £28,391,732 | £28,826,626 | £30,699,875 | +6.5% | |
| Operating profit | £1,376,207 | £1,243,551 | £1,563,545 | £1,249,199 | £971,208 | -22.3% | |
| Profit before tax | £1,294,327 | £1,097,243 | £1,240,508 | £852,069 | £580,570 | -31.9% | |
| Net profit | £1,046,800 | £862,795 | £1,003,190 | £622,753 | £433,031 | -30.5% | |
| Cash | £1,140 | £67,964 | £800 | £190,752 | £800 | -99.6% | |
| Total assets less current liabilities | £2,335,471 | £2,800,263 | £3,628,835 | £4,223,456 | £4,607,598 | +9.1% | |
| Net assets | £1,584,655 | £2,207,450 | £2,953,140 | £3,315,893 | £3,448,924 | +4% | |
| Equity | £1,584,655 | £2,207,450 | £2,953,140 | £3,315,893 | £3,448,924 | +4% | |
| Average employees | 56 | 63 | 71 | 72 | 77 | +6.9% | |
| Wages | £1,192,833 | £1,333,990 | £1,582,889 | £1,927,131 | £2,124,820 | +10.3% | |
| Directors' remuneration | £92,548 | £97,753 | £93,177 | £98,639 | £106,391 | +7.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|---|---|
| Operating margin | 7.2% | 5.9% | 5.5% | 4.3% | 3.2% | |
| Net margin | 5.5% | 4.1% | 3.5% | 2.2% | 1.4% | |
| Return on capital employed | 58.9% | 44.4% | 43.1% | 29.6% | 21.1% | |
| Current ratio | — | — | 1.35x | 1.45x | 1.32x | |
| Interest cover | 16.81x | 8.50x | 4.84x | 3.15x | 2.49x |
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.
Name history
Renamed 2 times since incorporation
- CYCLE SOLUTIONS (CYCLE TO WORK) LIMITED 2016-05-24 → present
- WHEELIES DIRECT CYCLE SOLUTIONS LIMITED 2007-05-16 → 2016-05-24
- BENIFLEX LIMITED 2006-06-28 → 2007-05-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Bevan Buckland Audit Ltd
- 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. We have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “In December 2025, the company completed on new property lease for a retail store in Bristol and the annual rent of the property is £22,173 per annum and the lease is for the period to October”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Michael Philip | Secretary | 2006-06-28 | — | British |
| EDGELL, Steven John | Director | 2006-06-28 | Oct 1973 | British |
| JONES, Keith Robert | Director | 2006-06-28 | Apr 1967 | British |
| JONES, Michael Philip | Director | 2006-06-28 | Sep 1963 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORRIS, Jeremy Rich | Director | 2015-08-01 | 2016-05-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Michael Jones | Individual | Shares 25–50% (as firm) | 2022-08-01 | Active |
| Keith Robert Jones | Individual | Shares 25–50%, Shares 25–50% (as trust), Shares 25–50% (as firm), Voting 25–50%, Voting 25–50% (as trust), Voting 25–50% (as firm) | 2016-04-07 | Active |
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-06 | AA | accounts | Accounts with accounts type full | |
| 2026-05-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-28 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-31 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-30 | AA | accounts | Accounts with accounts type full | |
| 2023-02-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-07 | AA | accounts | Accounts with accounts type full | |
| 2021-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-28 | AA | accounts | Accounts with accounts type small | |
| 2020-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2019-08-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-05-31 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.