ITS CYCLING LIMITED

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

Consolidated group

Auditor

Peters Elworthy & Moore

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are of the opinion that the Group possesses sufficient resources to sustain operational viability for a period of at least, but not confined to, twelve months from the date of approving these financial statements, thus affirming the continuation of the going concern basis.”

Group structure

1. ITS CYCLING LIMITED · parent
   1. ITS Cycling USA Inc. 100% · USA · Distribution of purpose focused performance cycling products
   2. ITS Cycling EU Gmbh 100% · Germany · Distribution of purpose focused performance cycling products

Significant events

• “The Group demonstrated resilience in a challenging trading environment, delivering strong sales growth and a significant increase in EBITDA. This improvement was driven by a group-wide focus on cost reduction, strategic restructuring, and operational efficiencies, ensuring long-term sustainability.”
• “The Group expanded its operations by establishing a presence in Germany. This strategic move enhanced access to European markets while reducing the costs associated with servicing customers across the region.”
• “The successful launch of innovative products across key sectors has helped sustain market stability, encourage repeat purchases, and attract new customers, ensuring the Group remains agile and competitive in a dynamic business environment.”
• “The Group is committed to reducing greenhouse gas emissions in line with the Science Based Targets Initiative (SBTI). It has set targets to reduce Scope 1 & 2 emissions by 42% between 2023 and 2030.”

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

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +1%

  £18,411,863 → £18,590,145

• Cash

  -28.4%

  £2,217,411 → £1,588,464

• Net assets

  -12.4%

  £2,251,449 → £1,973,229

• Employees

  +10.6%

  66 → 73

• Operating profit

  +44.5%

  -£504,565 → -£280,114

• Profit before tax

  +29.4%

  -£755,626 → -£533,730

• Wages

  -2.8%

  £2,948,706 → £2,867,312

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