Way Cycles Ltd
Registered name: WAY CYCLES LTD
Way Cycles Ltd made £163k revenue and £4.7k profit in the year to 30 Apr 2025.
Way Cycles Ltd’s revenue was £163k in the year to 30 Apr 2025, with £4.7k 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 London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- 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 | 31 Oct 2022 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £237k | £163k |
| Cost of sales | — | £86.9k | £94.5k |
| Gross profit | — | £150k | £69k |
| Operating profit | — | £49.1k | £4.6k |
| Profit before tax | — | £40.3k | £4.7k |
| Profit (best available) | — | £40.3k | £4.7k |
| Employees (average) | 2 | 2 | 3 |
| Ratios | |||
| Profit margin | — | 17% | 2.9% |
| Gross margin | — | 63.4% | 42.2% |
| Revenue per employee | — | £119k | £54.5k |
| Profit per employee | — | £20.1k | £1.6k |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | −£424 | £28.9k | — |
| Current assets | £15.3k | £36.1k | £15.5k |
| Debtors | — | £4.6k | −£11.5k |
| Deferred income | £500 | £0 | — |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | Director's Report and Unaudited Financial Statements · bulk data Jan 2026 |
How the business works
- Profit margin
- 2.9%
- Profit ÷ revenue.
- Gross margin
- 42.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £54.5k
- Revenue ÷ average employees.
- Profit per employee
- £1.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- −7%
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Similar profitable businesses
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- Trusty Steed C.I.C.Nottingham · Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
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Sources
Latest figures from Director's Report and Unaudited Financial Statements for the year to 30 Apr 2025 (profit £4.7k), 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.