CYCLE SOLUTIONS (CYCLE TO WORK) 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

  +1.5%

  £28,391,732 → £28,826,626

• Cash

  +23,744%

  £800 → £190,752

  highest in 3 filed years

• Net assets

  +12.3%

  £2,953,140 → £3,315,893

  highest in 3 filed years

• Employees

  +1.4%

  71 → 72

  highest in 3 filed years

• Operating profit

  -20.1%

  £1,563,545 → £1,249,199

• Profit before tax

  -31.3%

  £1,240,508 → £852,069

• Wages

  +21.7%

  £1,582,889 → £1,927,131

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. CYCLE SOLUTIONS (CYCLE TO WORK) LIMITED 2016-05-24 → present
2. WHEELIES DIRECT CYCLE SOLUTIONS LIMITED 2007-05-16 → 2016-05-24
3. BENIFLEX LIMITED 2006-06-28 → 2007-05-16

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Bevan Buckland 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 in business.”

Group structure

1. CYCLE SOLUTIONS (CYCLE TO WORK) LIMITED · parent
   1. Gower Gelato Limited

Significant events

• “The business sales were up 1.5% in 2024 on the prior year following the establishment of a new retail brand, UPRISE, which is trading both online and through a new retail outlet in Swansea.”
• “The business has also transformed its first retail outlet in collaboration with Trek Bicycle Corporation, with a new Trek concept store.”
• “The business continues to expand its supplier base to ensure it has one of the widest cycling brand offerings in the UK market.”
• “The strategy is to continue to look for new opportunities related to the cycling sector and the business is continuing to grow in 2024/25 with the new retail trading brand, UPRISE, and working in partnership with Trek Bicycle Corporation with a Trek concept store in Swansea.”

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.