{"name":"DE VER CYCLES LTD","company_number":"05191038","status":"Active","type":"Private Limited Company","incorporated":"2004-07-28","dissolved":null,"registered_office":"632-636 Streatham High Road, London, England, SW16 3QL","postcode":"SW16 3QL","sic_codes":[{"code":47640,"description":"Retail sale of sports goods, fishing gear, camping goods, boats and bicycles"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"30 July","last_made_up_to":"2025-07-31","next_due":"2027-04-30"},"employees":{"count":7,"accounts_date":"2025-07-31"},"financials":[{"financial_date":"2025-07-31","net_assets":361056,"cash":68348,"average_employees":7},{"financial_date":"2024-07-31","net_assets":697278,"cash":244656,"average_employees":5},{"financial_date":"2023-07-31","net_assets":641207,"cash":224777},{"financial_date":"2022-07-31","turnover":1181082,"net_assets":434527,"cash":283395},{"financial_date":"2021-07-31","turnover":1854998,"net_assets":316488,"cash":809870}],"officers":{"current":1,"resigned":3,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":1,"outstanding":1},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"De Ver Cycles Ltd presents a deteriorating credit profile, with net assets declining 48% in the latest year, cash reserves depleted by 72%, and bank borrowings surging nearly seven-fold. The company's liquidity is critically dependent on converting inventory to cash, with a quick ratio of just 0.11x and 93% of current assets tied up in stock. While the business retains a positive net asset position of £361k and has a 20-year trading history, the current trajectory is concerning and warrants conditional approval only, with strict covenants around inventory management, cash flow monitoring, and profitability restoration.","website":"https://www.devercycles.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/de-ver-cycles","people":"https://www.companiesintheuk.co.uk/company/de-ver-cycles/people","filing_history":"https://www.companiesintheuk.co.uk/company/de-ver-cycles/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/05191038","financials":"https://www.companiesintheuk.co.uk/company/de-ver-cycles/financial","control":"https://www.companiesintheuk.co.uk/company/de-ver-cycles/control","charges":"https://www.companiesintheuk.co.uk/company/de-ver-cycles/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/de-ver-cycles/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/de-ver-cycles"}