Whyte Bikes Limited
02131034
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/10/2024
medium
Next accounts due
31/07/2026
Confirmation statement
Last: 12/12/2025
Due 26/12/2026
Industry
Officers
director · Since 05/02/2024
CHIEF EXECUTIVE
BRITISH · ENGLAND · Age 51
Also on 5 other boards
director · Since 05/02/2024
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 40
Also on 4 other boards
Persons with Significant Control
Atb 2021 Bidco Limited
22 Cross Keys Close, Cross Keys Close, London, W1U 2DW
Reg: 13145694 · England And Wales · Limited Company
Notified 25/02/2021
Former PSCs
Mr Guy Ross Farrant
Ceased 25/02/2021
Mr Derek Keith Farrant
Ceased 04/08/2020
Charges2 outstanding
SANTANDER UK PLC
CYNERGY BUSINESS FINANCE LIMITED
CAIRNGORM CAPITAL PARTNERS III, L.P (AS LENDER)
SANTANDER UK PLC
CAIRNGORM CAPITAL PARTNERS LLP
CompanyRankvs 11777+ SIC 46900 peers31
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/10/2024
Turnover
£11.1M
Annual revenue
Net Worth
-£2.0M
Balance sheet strength
Cash
£2.0M
Cash in the bank
Profit Before Tax
-£4.2M
Bottom line earnings
Net Current Assets
-£676k
Working capital
Current Assets
£6.4M
Current Liabilities
£7.1M
Fixed Assets
£710k
Debtors
£1.2M
Cost of Sales
£9.3M
Gross Profit
£1.8M
Admin Expenses
£5.0M
Operating Profit
-£4.0M
Profit After Tax
-£4.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.90 |
Derived from filed accounts. Not audited figures.