CYCLESPORT NORTH LIMITED
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Cash
£27k
lowest in 5 filed years
Net assets
£3.7m
highest in 5 filed years
Employees
129
lowest in 5 filed years
Profit before tax
-£3.1m
Period ending 2025-11-02
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-02
| Metric | Trend | 2021-10-31 | 2022-11-05 | 2023-11-05 | 2024-11-03 | 2025-11-02 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £27,079,236 | £26,043,049 | £28,458,571 | £22,833,415 | £21,559,267 | — | |
| Operating profit | £91,161 | -£4,950,375 | -£2,332,463 | -£4,272,191 | -£2,564,848 | — | |
| Profit before tax | -£312,579 | -£4,970,133 | -£2,630,279 | -£4,668,425 | -£3,083,698 | — | |
| Net profit | -£325,072 | -£4,970,133 | -£2,658,587 | -£4,668,425 | -£2,749,219 | — | |
| Cash | £1,834,297 | £968,792 | £518,249 | £159,700 | £27,284 | — | |
| Total assets less current liabilities | £5,601,090 | £5,504,728 | £7,598,120 | £4,660,267 | £5,333,068 | — | |
| Net assets | £690,738 | -£4,279,395 | £2,846,141 | -£1,475,074 | £3,710,054 | — | |
| Equity | £690,738 | -£4,279,395 | £2,846,141 | -£1,475,074 | £3,710,054 | — | |
| Average employees | 195 | 234 | 194 | 135 | 129 | — | |
| Wages | £3,860,054 | £5,320,647 | £5,031,559 | £3,844,092 | £3,489,494 | — | |
| Directors' remuneration | £82,892 | £80,000 | £62,125 | — | — | — | |
| Directors' pension contributions | £NaN | £NaN | £3,541 | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-10-31 | 2022-11-05 | 2023-11-05 | 2024-11-03 | 2025-11-02 |
|---|---|---|---|---|---|---|
| Operating margin | 0.3% | -19.0% | -8.2% | -18.7% | -11.9% | |
| Net margin | -1.2% | -19.1% | -9.3% | -20.4% | -12.8% | |
| Return on capital employed | 1.6% | -89.9% | -30.7% | -91.7% | -48.1% | |
| Gearing (liabilities / total assets) | 95.3% | 123.0% | 78.0% | 113.2% | 61.4% | |
| Current ratio | — | — | 1.93x | 1.36x | 1.73x | |
| Interest cover | 0.23x | — | -7.74x | -10.74x | -4.83x |
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
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- FLB Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements are prepared on a going concern basis. ... directors have obtained assurances from True Capital III LP that, if required, funds will be available to meet liabilities as they fall due.”
Significant events
- “To support delivery of the FY26 strategic goals, in June 2025 the business completed a restructuring of the Company's funding from its shareholders, with an injection of additional loan finance alongside the conversion of existing debt into equity. This has significantly strengthened the balance sheet and, as at 2 November 2025, the Company has positive net assets of £3.7m.”
- “Post period end, in November 2025 and May 2026, True Capital III LP, a shareholder of the Company's ultimate parent company, Bradley Ultra Topco Limited, has agreed to provide 2 further loans totalling £2,500,000 to the Company's indirect parent company, Bradley Topco Limited, which were onward lent on the same dates and under the same terms to the Company strictly on a short term basis. The maturity date of the loans is 31 December 2028 and incurs interest at 10% per annum.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HASTINGS, Sean Richard | Director | 2024-09-02 | Apr 1977 | British |
| LAWSON, Matthew James | Director | 2017-01-25 | Apr 1983 | British |
| RAYNSFORD, Andrew | Director | 2024-09-02 | May 1979 | British |
| STACEY, David Anthony | Director | 2017-10-18 | Jul 1986 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOVE, Andrea | Secretary | 2001-01-29 | 2015-11-13 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 2001-01-29 | 2001-01-29 |
| DOVE, Andrea | Director | 2001-02-10 | 2015-11-13 |
| DOVE, James Howard | Director | 2001-02-10 | 2017-10-31 |
| DOVE, Sarah | Director | 2001-02-10 | 2015-11-13 |
| DOVE, Terence Howard | Director | 2001-01-29 | 2015-11-13 |
| OWEN, Jonathan Wyn | Director | 2017-01-25 | 2017-07-31 |
| POTGIETER, Liesl | Director | 2017-10-18 | 2019-03-24 |
| SMALLWOOD, Andrew | Director | 2017-10-18 | 2024-05-31 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 2001-01-29 | 2001-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bradley Bidco Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 104 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type full | |
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-06 | CH01 | officers | Change person director company with change date | |
| 2024-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-06 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-31 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | SH01 | capital | Capital allotment shares | |
| 2023-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-26 | AA | accounts | Accounts with accounts type full | |
| 2023-01-19 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-01-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-02-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-07 | AA | accounts | Accounts with accounts type full | |
| 2021-06-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.