BALFE'S BIKES LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-06 (in 11mo)
Last made up 2026-03-23
Watchouts
None on the register
Cash
£180K
-27.3% vs 2024
Net assets
-£1M
-20.2% vs 2024
Employees
171
+6.9% vs 2024
Profit before tax
-£264K
+51.8% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £28,080,321 | £34,542,789 | |
| Operating profit | -£357,860 | -£87,245 | |
| Profit before tax | -£548,182 | -£264,358 | |
| Net profit | -£424,923 | -£200,350 | |
| Cash | £247,581 | £179,896 | |
| Total assets less current liabilities | £962,120 | -£476,042 | |
| Net assets | -£991,455 | -£1,191,805 | |
| Equity | -£991,455 | -£1,191,805 | |
| Average employees | 160 | 171 | |
| Wages | £4,129,026 | £4,873,044 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -1.3% | -0.3% | |
| Net margin | -1.5% | -0.6% | |
| Return on capital employed | -37.2% | 18.3% | |
| Current ratio | 0.93x | 0.79x | |
| Interest cover | -1.86x | -0.49x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director considers that the Company will be a going concern for a period of at least 12 months from the date of approval of these financial statements and they have therefore prepared the financial statements on a going concern basis.”
Significant events
- “Subsequent to the Balance Sheet date, the Company agreed with the shareholders and related parties that their loans to the Company which would have been repayable within a year, be extended a further two years. Loans from shareholders total £472,000. £222,000 will now become payable 31 March 2028 and £250,000 repayable 31 December 2027.”
- “All other terms remain unchanged. It was also agreed that the repayment to Trek Bikes of their loan to the Company be suspended for a year from November 2025 to October 2026 but interest would remain payable during this period. The loan value at this date is £908,270.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICE, Michael John | Director | 2019-05-24 | Sep 1965 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALFE, Eleanor Lucy | Secretary | 2012-04-24 | 2019-04-09 |
| BALFE, Richard | Secretary | 2022-01-31 | 2024-01-31 |
| BALFE, Richard Geoffrey | Secretary | 2019-04-09 | 2021-05-25 |
| HANNELL, Stephanie Jane | Secretary | 2021-05-25 | 2021-12-13 |
| AMICUCCI-BROWN, Mark | Director | 2021-05-25 | 2021-12-02 |
| BALFE, Richard | Director | 2011-03-30 | 2024-01-31 |
| HANNELL, Stephanie Jane | Director | 2021-05-25 | 2021-12-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Michael John Rice | Individual | Shares 50–75%, Voting 25–50%, Appoints directors | 2019-05-24 | Active |
| Mr Richard Geoffrey Balfe | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-01-01 | Active |
Filing timeline
Last 20 of 67 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-18 MA Memorandum articles
- 2024-02-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-18 | MA | incorporation | Memorandum articles | |
| 2024-02-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-13 | SH01 | capital | Capital allotment shares | |
| 2024-02-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-28 | AA | accounts | Accounts with accounts type full | |
| 2023-06-27 | SH01 | capital | Capital allotment shares | |
| 2023-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-23 | AA | accounts | Accounts with accounts type full | |
| 2022-10-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-05-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-31 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+23%
£28,080,321 £34,542,789
-
Cash
-27.3%
£247,581 £179,896
-
Net assets
-20.2%
-£991,455 -£1,191,805
-
Employees
+6.9%
160 171
-
Operating profit
+75.6%
-£357,860 -£87,245
-
Profit before tax
+51.8%
-£548,182 -£264,358
-
Wages
+18%
£4,129,026 £4,873,044
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