Way Cycles Ltd
13681903
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Breno Sousa Magalhaes
Brazilian · England · Age 29
91a, Northchurch Road, London, N1 3NU
Notified 30/05/2022
Former PSCs
Breno Sousa
Ceased 30/05/2022
Mr Fabio Junio Ferreira Carvalho
Ceased 07/11/2024
CompanyRankvs 3935+ SIC 47640 peers41
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/04/2025
Turnover
£163k
Annual revenue
Net Worth
£2
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
£5k
Bottom line earnings
Net Current Assets
£8k
Working capital
Current Assets
£15k
Current Liabilities
—
Debtors
-£12k
Cost of Sales
£94k
Gross Profit
£69k
Admin Expenses
£64k
Operating Profit
£5k
Profit After Tax
£4k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 3.08 |
| 2022 | 0.97 |
Derived from filed accounts. Not audited figures.