SADDLEBACK LIMITED

• ⚠

  Material uncertainty over going concern

  The ongoing need to refinance existing facilities and key suppliers represents inherent uncertainty, even though the directors are confident of a positive resolution. This represents a material uncertainty which may cast significant doubt over the company's ability to continue as a going concern for the foreseeable future and therefore it's ability to provide the necessary financial support to enable the company to realise its assets and discharge its liabilities in the normal course of business.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The ongoing need to refinance existing facilities and key suppliers represents inherent uncertainty, even though the directors are confident of a positive resolution. This represents a material uncertainty which may cast significant doubt over the company's ability to continue as a going concern for the foreseeable future and therefore it's ability to provide the necessary financial support to enable the company to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. SADDLEBACK LIMITED · parent
   1. Saddleback Europe B.V. · Dutch · trivial trading activity

Significant events

• “A significant development occurred towards the end of the year with the addition of Cannondale to our brand portfolio in December 2024. This addition has had a significant impact on the Company's revenue from February 2025 onwards and has materially enhanced its market position as one of the leading distributors in the industry.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -12.6%

  £16,555,580 → £14,463,088

• Cash

  +27.1%

  -£2,044,013 → -£1,489,302

• Net assets

  -51.3%

  £6,317,924 → £3,076,876

• Employees

  -6.6%

  61 → 57

• Operating profit

  +36.6%

  -£2,007,211 → -£1,271,626

• Profit before tax

  +30.7%

  -£2,261,024 → -£1,566,048

• Wages

  -0.6%

  £2,150,917 → £2,138,120

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers