ITS CYCLING LIMITED
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Cash
£2.2M
+40.8% highest in 3 filed years
Net assets
£2.2M
+9.2% vs 2024
Employees
63
-13.7% lowest in 3 filed years
Profit before tax
£182K
+134% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £18,411,863 | £18,590,145 | £17,292,452 | -7% | |
| Operating profit | -£504,565 | -£280,114 | £439,548 | +256.9% | |
| Profit before tax | -£755,626 | -£533,730 | £181,654 | +134% | |
| Net profit | -£563,259 | -£514,819 | £169,456 | +132.9% | |
| Cash | £2,217,411 | £1,588,464 | £2,237,260 | +40.8% | |
| Total assets less current liabilities | £5,221,270 | £4,645,555 | £5,121,332 | +10.2% | |
| Net assets | £2,251,449 | £1,973,229 | £2,153,931 | +9.2% | |
| Equity | £2,251,449 | £1,973,229 | £2,153,931 | +9.2% | |
| Average employees | 66 | 73 | 63 | -13.7% | |
| Wages | £2,948,706 | £2,867,312 | £2,952,206 | +3% | |
| Directors' remuneration | £318,206 | £501,352 | £529,407 | +5.6% |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | -2.7% | -1.5% | 2.5% | |
| Net margin | -3.1% | -2.8% | 1.0% | |
| Return on capital employed | -9.7% | -6.0% | 8.6% | |
| Current ratio | 2.65x | 1.99x | 2.71x | |
| Interest cover | -1.92x | -0.98x | 1.66x |
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
- Consolidated group
- Auditor
- PEM Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis. In reaching the determination to present these financial statements on a going concern basis, the directors have reviewed budgets, forecasts, and cashflow projections. The directors are of the opinion that the Group possesses sufficient resources to sustain operational viability for a period of at least, but not confined to, twelve months from the date of approving these financial statements, thus affirming the continuation of the going concern basis.”
Group structure
- ITS CYCLING LIMITED · parent
- ITS Cycling USA Inc. 100%
- ITS Cycling EU Gmbh 100%
Significant events
- “The Group delivered a strong financial performance during the year, achieving significant growth in EBITDA despite continued challenging conditions within the cycling industry.”
- “The Group concentrated on higher-margin, value-driven activities and reduced exposure to lower-margin segments. Despite lower sales, profitability improved materially, with EBITDA increasing significantly compared to the prior year.”
- “A key driver of growth was the European market, particularly Germany, which has been a strategic area of investment. The year represented the first full period of operations for the Group's German entity, strengthening access to European markets and reducing the cost and complexity of servicing customers across the region following Brexit.”
- “The Group is committed to reducing greenhouse gas emissions in line with the Science Based Targets initiative (SBTI). It has set targets to reduce Scope 1 and Scope 2 emissions by 42% between 2023 and 2030 and to measure and reduce Scope 3 emissions, with annual progress updates published.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHEN, Yu-Shih | Director | 2024-09-25 | Nov 1971 | Taiwanese |
| DAVIDSON, James Timothy | Director | 2024-01-10 | Oct 1976 | British |
| GILLBORN, Daniel Louis | Director | 2019-12-19 | Jun 1971 | British |
| MARCHMENT, Deepti Mara, Dr | Director | 2021-02-26 | Jul 1990 | British |
| MARCHMENT, John Charles | Director | 2024-02-28 | Feb 1952 | British |
| MARCHMENT, Nina Danielle | Director | 2021-02-26 | Mar 1980 | British |
| MARCHMENT, Peter James | Director | 2013-06-25 | Jan 1987 | British |
| MARCHMENT, Thomas Robert | Director | 2016-01-05 | Jun 1982 | United Kingdom |
| PAL, Andip | Director | 2024-01-10 | Jul 1991 | British |
| ROSS, Graham Magnus | Director | 2021-06-22 | Nov 1973 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter James Marchment | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Thomas Robert Marchment | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-18 | AA | accounts | Accounts with accounts type group | |
| 2026-04-16 | CH01 | officers | Change person director company with change date | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-25 | AA | accounts | Accounts with accounts type group | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-17 | SH01 | capital | Capital allotment shares | |
| 2024-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-22 | AA | accounts | Accounts with accounts type group | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-12 | SH01 | capital | Capital allotment shares | |
| 2024-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-11 | AA | accounts | Accounts with accounts type group | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-22 | SH01 | capital | Capital allotment shares | |
| 2023-02-16 | CH01 | officers | Change person director company with change date | |
| 2022-10-26 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-09-29 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.