How much does Cycle Solutions (Cycle to Work) Limited make?

Cycle Solutions (Cycle to Work) Limited reported revenue of £28.8m and £623k profit in the year to 31 Aug 2024, according to its accounts filed at Companies House.

How many employees does Cycle Solutions (Cycle to Work) Limited have?

Cycle Solutions (Cycle to Work) Limited reported an average of 72 employees in the year to 31 Aug 2024.

Is Cycle Solutions (Cycle to Work) Limited profitable?

Yes — Cycle Solutions (Cycle to Work) Limited reported a profit of £623k in the year to 31 Aug 2024.

Company No. 05860892 · Incorporated 28 Jun 2006

Cycle Solutions (Cycle to Work) Limited

Registered name: CYCLE SOLUTIONS (CYCLE TO WORK) LIMITED

Cycle Solutions (Cycle to Work) Limited made £28.8m revenue and £623k profit in the year to 31 Aug 2024.

Cycle Solutions (Cycle to Work) Limited’s revenue grew 2% to £28.8m in the year to 31 Aug 2024, with £623k profit and 72 employees. The company is classified under “retail sale of sports goods, fishing gear, camping goods, boats and bicycles” and is based in Swansea; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47640Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Status: Active
Location: Swansea, Wales
Age: 20 yrs · since 2006
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company is a subsidiary of Starbill Limited, a company registered in England & Wales. Starbill Limited is controlled by its 2 director/shareholders Mr K R Jones & Mr M P Jones. The results for the”

Latest accounts · year to 31 Aug 2024

Key figures

Capital-lightCash flow filed

Revenue

£28.8m

Growth ▲1.5%

Profit

£623k

Growth ▼37.9%

Profit margin

2.2%

Gross 20.3%

Employees

Change ▲1.4%

Profit / employee

£8.6k

Revenue/employee £400k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023	31 Aug 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£21.1m	£28.4m	£28.8m
Cost of sales	£16.6m	£22.6m	£23m
Gross profit	£4.5m	£5.8m	£5.9m
Operating profit	£1.2m	£1.6m	£1.2m
Profit before tax	£1.1m	£1.2m	£852k
Profit after tax	£863k	£1m	£623k
Profit (best available)	£863k	£1m	£623k
Staff costs	£1.5m	£1.8m	£2.1m
Employees (average)	63	71	72
Ratios
Profit margin	4.1%	3.5%	2.2%
Gross margin	21.4%	20.3%	20.3%
Revenue per employee	£335k	£400k	£400k
Profit per employee	£13.7k	£14.1k	£8.6k
Cash conversion	−35.8%	36.3%	202.1%
Growth (year on year)
Revenue growth	—	▲34.5%	▲1.5%
Profit growth	—	▲16.3%	▼37.9%
Headcount growth	—	▲12.7%	▲1.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£68k	£800	£191k
Net assets	£2.2m	£3m	£3.3m
Fixed assets	£454k	£1m	£1.4m
Current assets	£9.3m	£10.2m	£9m
Debtors	£3.6m	£5.6m	£5.3m
Deferred income	£184k	£147k	—
Cash from operations	−£446k	£568k	£2.5m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2025

Derived from the latest filing

How the business works

Profit margin: 2.2%; Profit ÷ revenue.
Gross margin: 20.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £400k; Revenue ÷ average employees.
Profit per employee: £8.6k; Profit ÷ average employees.
Cash conversion: 202.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲12%; Now £3.3m
Cash at bank: ▲23744%; Now £191k
Headcount: ▲1%; Now 72
Deferred income: —; Now —
Fixed assets: ▲42%; Now £1.4m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2024 (profit £623k), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.