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Cash

Latest balance sheet

Net assets

£54K

-94.3% lowest in 3 filed years

Employees

117

-7.1% vs 2024

Profit before tax

-£1.6M

-107.7% lowest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £6,837,000£11,406,000£10,280,000 -9.9%
Operating profit £198,000-£493,000-£1,292,000 -162.1%
Profit before tax £42,000-£770,000-£1,599,000 -107.7%
Net profit £37,000-£521,000-£1,497,000 -187.3%
Cash £1,784,000£1,586,000
Total assets less current liabilities £5,771,000£54,000 -99.1%
Net assets £1,472,000£951,000£54,000 -94.3%
Equity £1,472,000£951,000£54,000 -94.3%
Average employees 113126117 -7.1%
Wages £3,275,000£6,231,000£6,014,000 -3.5%
Directors' remuneration £131,000£177,000£223,000 +26%

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 2023-12-312024-12-312025-12-31
Operating margin 2.9%-4.3%-12.6%
Net margin 0.5%-4.6%-14.6%
Return on capital employed -8.5%
Gearing (liabilities / total assets) 82.9%87.8%0.0%
Current ratio 2.50x2.48x
Interest cover 1.27x-1.78x-4.21x

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
UK-adopted International Accounting Standards
Reporting scope
Standalone (parent only)
Auditor
UNW LLP Chartered Accountants
Audit opinion
Unqualified (clean)
Going concern
Not a going concern (break-up basis)

“As detailed in the strategic report, the trade and assets of the Company were transferred to Cyclife UK Limited (Company number: 04772229) on 31 December 2025. As the directors do not intend for the Company to acquire or commence a replacement trade they no longer consider the Company to be a going concern. As such, these financial statements have been prepared on a basis other than going concern.”

Significant events

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

People

4 active · 16 resigned

Name Role Appointed Born Nationality
CHARDON, Emmanuelle Severine Daniele, Dr Director 2021-12-23 Jun 1977 British,French
CORBETT, Drew William Director 2019-12-01 Sep 1980 British
ROBINSON, Joseph Spencer Director 2021-12-23 Jul 1971 British
ROY-GAUTIER, Deborah Director 2023-12-01 Oct 1987 French
Show 16 resigned officers
Name Role Appointed Resigned
ADAMS, John Director 2020-08-01 2021-12-23
ANDREWS, Gregory Mark Director 2015-01-01 2020-05-08
BALLARIN, Frederic Christian Director 2011-06-02 2013-10-31
BARKER, David Director 2011-06-02 2025-08-11
CASTLE, Matthew Edmund Director 2011-08-01 2013-06-01
CLARKSON, Iain Geoffrey Director 2020-05-08 2021-12-23
DONALD, Andrew David Livingstone Director 2011-06-02 2014-12-31
HOLT, Andrew Theodore Director 2016-11-01 2019-08-01
LAVERY, Jim Director 2010-11-17 2011-01-25
MENISSIER, Frédéric Director 2021-12-23 2023-12-01
THOMSON, Christopher Mark Director 2013-07-01 2020-05-31
TRAVERS, Richard Benjamin Director 2011-06-02 2016-11-01
UNWIN, Matthew Director 2011-07-01 2013-04-05
WHEELER, Elizabeth Jane Director 2019-09-01 2021-12-23
WOODS, Alan Director 2011-01-25 2011-06-02
7SIDE NOMINEES LIMITED Corporate Director 2010-11-17 2011-06-02

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Agence Des Participations De L’Etat - Ministère De L'Economie, Des Finances Et De La Souveraineté Industrielle Et Numérique Legal person Shares 75–100%, Voting 75–100%, Appoints directors 2023-06-08 Active
Électricité De France S.A. Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2021-12-23 Ceased 2023-06-08
Cyclife Sas Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2021-12-23 Ceased 2021-12-23
Calder Group Ltd Corporate entity Shares 75–100% 2016-04-06 Ceased 2021-12-23

Filing timeline

Last 20 of 105 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2025-01-08 MA Memorandum articles
  • 2025-01-08 RESOLUTIONS Resolution
Date Type Category Description
2026-06-25 AA accounts Accounts with accounts type full
2026-02-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-10-14 MR04 mortgage Mortgage satisfy charge full PDF
2025-08-11 TM01 officers Termination director company with name termination date PDF
2025-06-09 AA accounts Accounts with accounts type full
2025-01-30 CS01 confirmation-statement Confirmation statement with updates PDF
2025-01-22 PSC03 persons-with-significant-control Notification of a person with significant control PDF
2025-01-21 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-01-08 MA incorporation Memorandum articles
2025-01-08 RESOLUTIONS resolution Resolution
2025-01-07 SH08 capital Capital name of class of shares
2025-01-07 SH10 capital Capital variation of rights attached to shares
2024-07-15 CH01 officers Change person director company with change date PDF
2024-05-13 AA accounts Accounts with accounts type full
2024-01-25 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-12-20 AP01 officers Appoint person director company with name date PDF
2023-12-20 TM01 officers Termination director company with name termination date PDF
2023-12-20 AA01 accounts Change account reference date company current shortened PDF
2023-10-09 AA accounts Accounts with accounts type full
2023-08-22 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
2

last 24 months

Officers appointed
0

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page