The Walsall Bike Project C.I.C.

Active11335219ManufacturingIncorporated 28 Apr 2018 · Walsall

Directors Report, Walsall Bike Project CIC . Prepared by Stephen Price. The year 01/05/24 to 30/04/25 There have been no major changes over this period either financially or in our delivery to the community. Palfrey has been a success as usual, thanks to Raj and the volunteers. Take up of some courses was slow and we are looking at ways of improving matters. We are looking at improving our access to grants to support our work, sales are very slow generally and reflect the second hand cycle market generally. We are lucky that we pay peppercorn rent and have a good relationship with our landlords. Going forward we are getting rid of the warehouse facility as well as trying to get a better relationship with schools to increase revenue from servicing of their bikes as well as improving the chances for children to access bikes and training which is woeful if the Borough currently. We attended several community days and meetings with local authority , NHS , housing organisations over this period. Financially we do need to improve matters as the person running the workshop is on minimum wage and volunteers a lot of time as well Steve Price Director

Revenue

£14k

▲ +85.6% vs prior ~12m period

Profit after tax

£57

Margin 0.4%

Employees

2

– 0.0% vs prior ~12m period

Net assets

£1k

Total assets £2k

Financial history

Revenue by accounting period

2 periods available · ▲ growth ▼ decline

Apr 2024
£8k
Apr 2025
£14k▲ +85.6%
Period endRevenueGrowthProfit before taxEmployeesNet assets
30 Apr 2025£14k▲ +85.6%£572£1k
30 Apr 2024£8k—£8k2£5k

Latest available figures

Period ending 30 Apr 2025. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£14k
Gross profit
£3k
Operating profit
£57
Profit before tax
£57
Profit after tax
£57

Balance sheet

Total assets
£2k
Cash
£18
Total liabilities
£864
Net assets
£1k
Revenue per employee
£7k

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