Upgrade Bikes

OverviewSuggest Edit

With three Bike Biz industry awards in 2013 backing up our double awards in 2012, Upgrade Bikes Ltd is a stand-out distribution company to the UK cycle trade. More than just a P&A distributor, Upgrade Bikes Ltd has been an original designer of its own KinesisUK brand for 13 years and DMR complete bikes for 8 years (18 years for accessories). Company directors Damian Mason and Matt Ryley who form the initials of DMR brand still take a daily active role in the running of the company. Upgrade holds firm to its core values of promoting Best Product, Best Service, Best Stock.
TypePrivate
Founded1995
HQPartridge Green, GB
Websiteupgradebikes.co.uk

Locations

Upgrade Bikes is headquartered in
Partridge Green, United Kingdom

Location Map

Latest Updates

Employees (est.) (Oct 2020)20
Revenue (FY, 2018)£10.9 M(-9%)
Cybersecurity ratingBMore

Upgrade Bikes Office Locations

Upgrade Bikes has offices in Partridge Green and Worthing
Partridge Green, GB (HQ)
Star Rd
Worthing, GB
Amelia House, 201 Crescent Rd
Show all (2)

Upgrade Bikes Financials and Metrics

Summary Metrics

Founding Date

1995
Show all financial metrics

Upgrade Bikes Revenue

Embed Graph
View revenue for all periods
Upgrade Bikes's revenue was reported to be £10.94 m in FY, 2018 which is a 9.4% decrease from the previous period.
GBP

Revenue (FY, 2018)

10.9m

Revenue growth (FY, 2017 - FY, 2018), %

(9.4%)

Gross profit (FY, 2018)

2.1m

Gross profit margin (FY, 2018), %

19.2%

Net income (FY, 2018)

460.4k

EBITDA (FY, 2018)

583.0k

EBIT (FY, 2018)

543.7k

Cash (31-Dec-2018)

1.3m
GBPFY, 2016FY, 2017FY, 2018

Revenue

11.6m12.1m10.9m

Revenue growth, %

8%4%(9%)

Cost of goods sold

9.1m9.9m8.8m

Gross profit

2.4m2.2m2.1m
GBPFY, 2016FY, 2017FY, 2018

Cash

1.9m589.2k1.3m

Accounts Receivable

1.9m1.6m1.2m

Inventories

3.2m3.6m2.9m

Current Assets

7.1m5.9m5.6m
GBPFY, 2016FY, 2017FY, 2018

Net Income

476.2k561.5k460.4k

Cash From Operating Activities

1.1m(930.7k)

Dividends Paid

20.0k20.0k

Cash From Financing Activities

(26.9k)(218.8k)
GBPFY, 2016

Revenue/Employee

680.5k

Financial Leverage

2 x
Show all financial metrics

Upgrade Bikes Operating Metrics

Jan, 2019

Brands

25

Product Categories

69
Show all operating metrics

Upgrade Bikes Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Upgrade Bikes Online and Social Media Presence

Embed Graph

Upgrade Bikes Frequently Asked Questions

  • When was Upgrade Bikes founded?

    Upgrade Bikes was founded in 1995.

  • How many employees does Upgrade Bikes have?

    Upgrade Bikes has 20 employees.

  • What is Upgrade Bikes revenue?

    Latest Upgrade Bikes annual revenue is £10.9 m.

  • What is Upgrade Bikes revenue per employee?

    Latest Upgrade Bikes revenue per employee is £547.2 k.

  • Who are Upgrade Bikes competitors?

    Competitors of Upgrade Bikes include VendExcel, ML Accessories and Supreme Imports.

  • Where is Upgrade Bikes headquarters?

    Upgrade Bikes headquarters is located at Star Rd, Partridge Green.

  • Where are Upgrade Bikes offices?

    Upgrade Bikes has offices in Partridge Green and Worthing.

  • How many offices does Upgrade Bikes have?

    Upgrade Bikes has 2 offices.