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Inspired Cycle Engineering Limited

03644306

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

UNIT 15 TREGONIGGIE INDUSTRIAL ESTATE, FALMOUTH, TR11 4SN
Incorporated 05/10/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

30920
Manufacture of bicycles and invalid carriages

Officers

Mr Neil Lawrence Selwood

secretary · Since 06/11/1998

CYCLE MANUFACTURER

BRITISH · UNITED KINGDOM · Age 66

Also on 2 other boards

Mr Christopher John Parker

director · Since 06/11/1998

CYCLE MANUFACTURER

BRITISH · UNITED KINGDOM · Age 58

Mr Neil Lawrence Selwood

director · Since 06/11/1998

CYCLE MANUFACTURER

BRITISH · ENGLAND · Age 66

Also on 2 other boards

Persons with Significant Control

Ice Trikes Trustees Limited

ownership-of-shares-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-trust
right-to-appoint-and-remove-directors-as-trust

Unit 15, Tregoniggie Industrial Estate, Falmouth, TR11 4SN

Reg: 14220605 · Companies House · Company

Notified 14/11/2022

Former PSCs

Mr Christopher John Parker

Ceased 14/11/2022

Mr Neil Lawrence Selwood

Ceased 14/11/2022

Charges2 outstanding

charge
outstanding

HSBC BANK PLC

Created 24/08/2012Registered 05/09/2012
charge
outstanding

HSBC BANK PLC

Created 22/05/2009Registered 23/05/2009
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/01/1999Registered 12/01/1999Satisfied 16/05/2009

CompanyRankvs 49+ SIC 30920 peers
58

Financial strength97th percentile among SIC peers · 24/25
Employees96th percentile among SIC peers · 14/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£1.8M

Balance sheet strength

Cash

£103k

Cash in the bank

Net Current Assets

Working capital

Current Assets

Current Liabilities

£340k

Fixed Assets

£383k

Debtors

£41k

26avg. employees-3

Tax at Year End(2023)

Corp tax£39k
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2024-£134k
20233.35-£16k
20222.66+£353k
20213.08-£22k
20204.90+£345k
20192.43+£353k
20182.74

Derived from filed accounts. Not audited figures.