PACIFIC CYCLE (UK) LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-30
Confirmation statement due
2026-09-12 (in 4mo)
Last made up 2025-08-29
Watchouts
Cash
—
Latest balance sheet
Net assets
-£3M
-157.4% vs 2023
Employees
0
Average over period
Profit before tax
-£2M
+79.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Following the decision to liquidate in November 2025, the financial statements have been prepared on a non-going concern basis. Pon Holdings made a capital contribution of GBP 5.2 million to support the company's liquidation process and solve the net liability position. No adjustments relating to continuation as a going concern have been included.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-30
| Metric | Trend | 2023-12-30 | 2024-12-30 |
|---|---|---|---|
| Turnover | £7,463,295 | £7,730,391 | |
| Operating profit | -£9,320,360 | -£1,733,992 | |
| Profit before tax | -£10,022,428 | -£2,020,595 | |
| Net profit | -£10,022,428 | -£1,967,345 | |
| Cash | £2,185 | — | |
| Total assets less current liabilities | £5,110,639 | £4,851,312 | |
| Net assets | -£1,250,234 | -£3,217,577 | |
| Equity | £1,250,234 | £3,217,577 | |
| Average employees | 0 | 0 | |
| 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 2024-12-30 vs 2023-12-30
-
Turnover
+3.6%
£7,463,295 £7,730,391
-
Cash
—
Not reported
-
Net assets
-157.4%
-£1,250,234 -£3,217,577
-
Employees
—
Not reported
-
Operating profit
+81.4%
-£9,320,360 -£1,733,992
-
Profit before tax
+79.8%
-£10,022,428 -£2,020,595
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 | 2023-12-30 | 2024-12-30 |
|---|---|---|---|
| Operating margin | -124.9% | -22.4% | |
| Net margin | -134.3% | -25.4% | |
| Return on capital employed | -182.4% | -35.7% | |
| Interest cover | -13.28x | -6.05x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Material uncertainty disclosed
“Following the decision to liquidate in November 2025, the financial statements have been prepared on a non-going concern basis. Pon Holdings made a capital contribution of GBP 5.2 million to support the company's liquidation process and solve the net liability position. No adjustments relating to continuation as a going concern have been included.”
Significant events
- “Following the decision to liquidate in November 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZERNITZ, Stephan Franciscus | Secretary | 2025-01-13 | — | — |
| KARNES, Justin | Director | 2023-11-27 | Sep 1980 | American |
| MORREALE, Joseph Michael | Director | 2022-12-16 | Apr 1980 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROUGHTON, Mark David | Secretary | 2012-07-17 | 2023-02-15 |
| HEARN, David | Secretary | 2023-02-15 | 2025-01-13 |
| BROUGHTON, Mark David | Director | 2012-07-17 | 2023-04-14 |
| FIERKENS, Eugene Wilhelmus Henrica | Director | 2021-03-04 | 2022-11-09 |
| HAWYES, Nicola Janes | Director | 2021-03-04 | 2023-09-30 |
| JENKINS, Allison Dorothy | Director | 2013-06-28 | 2019-07-31 |
| KMOCH, Robert Anthony | Director | 2012-07-17 | 2019-05-24 |
| LAMSVELT, Folkert Gijsbert Alexander | Director | 2022-12-16 | 2025-09-05 |
| MERRY, Russell James | Director | 2014-04-28 | 2020-12-31 |
| MERRY, Russell James | Director | 2012-07-17 | 2013-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Fanja Pon | Individual | Shares 50–75%, Voting 50–75% | 2022-03-31 | Active |
| Mr Wijnand Nicolaas Pon | Individual | Voting 75–100%, Appoints directors | 2022-01-04 | Active |
| Mr Mark David Broughton | Individual | Significant influence | 2016-04-06 | Ceased 2022-01-04 |
| Dorel Industries Inc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2022-01-04 |
| Mr Russell James Merry | Individual | Significant influence | 2016-04-06 | Ceased 2020-12-31 |
| Mrs Allison Dorothy Jenkins | Individual | Significant influence | 2016-04-06 | Ceased 2019-08-20 |
Filing timeline
Last 20 of 73 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-08 RESOLUTIONS Resolution
- 2026-02-26 RESOLUTIONS Resolution
- 2024-02-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-04-08 | SH20 | capital | Legacy | |
| 2026-04-08 | CAP-SS | insolvency | Legacy | |
| 2026-04-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-26 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-24 | AAMD | accounts | Accounts amended with accounts type full | |
| 2026-01-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2025-11-24 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2025-01-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-02-25 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-02-21 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-15 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 3
- 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.