True Wheels UK Ltd
Registered name: TRUE WHEELS UK LTD
True Wheels UK Ltd made £38.2k revenue and £4k profit in the year to 5 Apr 2025.
True Wheels UK Ltd’s revenue grew 115% to £38.2k in the year to 5 Apr 2025, with £4k profit and 3 employees. The company is classified under “retail sale of sports goods, fishing gear, camping goods, boats and bicycles” and is based in Brighton; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Brighton, South East
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 5 Apr 2022 | 5 Apr 2023 | 5 Apr 2024 | 5 Apr 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £31.4k | £10.2k | £17.8k | £38.2k |
| Profit after tax | −£1.4k | −£5k | −£4.3k | £4k |
| Profit (best available) | −£1.4k | −£5k | −£4.3k | £4k |
| Staff costs | £2k | £1.8k | £2.3k | £5.8k |
| Employees (average) | — | 2 | 2 | 3 |
| Ratios | ||||
| Profit margin | −4.3% | −49.5% | −24.3% | 10.4% |
| Revenue per employee | — | £5.1k | £8.9k | £12.7k |
| Profit per employee | — | −£2.5k | −£2.2k | £1.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼67.6% | ▲74.5% | ▲115.3% |
| Headcount growth | — | — | 0% | ▲50% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £14.8k | £12.4k | £9.8k | £8.4k |
| Fixed assets | £2.6k | £2.5k | £2k | £2.5k |
| Current assets | £12.2k | £9.9k | £7.8k | £5.9k |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 10.4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £12.7k
- Revenue ÷ average employees.
- Profit per employee
- £1.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- ▼15%
- Now £8.4k
- Cash at bank
- —
- Now —
- Headcount
- ▲50%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▲25%
- Now £2.5k
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 5 Apr 2025 (profit £4k), from the Companies House accounts bulk data published Jan 2026. 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.