CYCLE EXCHANGE LTD
🌳Matureactive
08504810 · ltd · incorporated 2013-04-25
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 46760
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 10.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 10.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 |
|---|---|
| Average employees | 1900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-28📄resolutionresolution · RESOLUTIONS
- 2025-12-28📄memorandum-articlesincorporation · MA
- 2025-11-20📄capital-allotment-sharescapital · SH01
- 2025-11-18📄capital-alter-shares-subdivisioncapital · SH02
- 2025-11-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-18📄capital-name-of-class-of-sharescapital · SH08
- 2025-11-18📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-26➕KIM, Kiu appointeddirector
- 2025-08-26➖CONNELLEY, Karen Elizabeth resigneddirector
- 2025-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-28📄capital-alter-shares-subdivisioncapital · SH02
- 2024-10-11🔒Charge registered #5Lender: Hugh Symons Holdings LTD
- 2024-10-10📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2024-10-09📄capital-allotment-sharescapital · SH01
- 2024-09-17📄capital-allotment-sharescapital · SH01
- 2024-09-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-09-03➕ROPER, Hugh Richard appointeddirector
- 2024-06-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-07-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-04🔒Charge registered #4Lender: Morgan Lloyd Trustees Limited as Trustee of Cycle Exchange Pension Scheme
- 2020-12-10🔓Charge satisfied #3
- 2020-12-10🔓Charge satisfied #2
- 2020-12-10🔓Charge satisfied #1
- 2016-08-05🔒Charge registered #3Lender: Maureen Dorothy Connelley
- 2015-09-15🔒Charge registered #2Lender: Maureen Dorothy Connelley
- 2015-09-15🔒Charge registered #1Lender: John Newing Trading LTD
- 2013-04-25🏢Company incorporatedAs CYCLE EXCHANGE LTD
- 2013-04-25➕CONNELLEY, Matthew John appointeddirector
- 2013-04-25➕CONNELLEY, Karen Elizabeth appointeddirector
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
43/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew John Connelley Individual · British · DOB 04/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/06/2016 |
1 historic (ceased) PSC
- Mrs Karen Elizabeth Connelleyceased 26/08/2025· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Wholesale & distribution · KT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CUE VAPOR LTD→ 13398392 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CULTISSIMA STATION LTD→ 14430049 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CV LIGHTING LTD→ 15661870 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| D&H FIXINGS LTD→ 14588358 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| DA.CARE ISLANDS LTD→ 15012095 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DAIKIN UK LIMITED→ 06154184 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| DAKT LTD→ 16473236 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DALBANI (U.K.) LIMITED→ 02384105 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| DAVID PATTERSON LTD→ 16725936 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DAZY MART LIMITED→ 16795764 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DD MALL LIMITED→ 14232819 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| DE LUCA VIAN IMPORTERS LIMITED→ 07893999 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated2013-04-25
Jurisdictionengland-wales
Primary SIC46760 — SIC 46760
Registered office
Cycle Exchange 27 Sury Basin
Kingston Upon Thames
KT2 5NZ
England
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13
Officers (3 active · 1 resigned)
CONNELLEY, Matthew John→
Activedirector · ~54y · appointed 2013-04-25
View their other companies + combined net worth →
Active
ROPER, Hugh Richard→
Activedirector · ~57y · appointed 2024-09-03
View their other companies + combined net worth →
CONNELLEY, Karen Elizabeth→
Resigneddirector · ~51y · appointed 2013-04-25 · resigned 2025-08-26
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Hugh Symons Holdings Hugh Symons Holdings LTD | A registered charge | — | 11/10/2024 | — | |
| outstanding | Morgan Lloyd Trustees as Trustee of Cycle Exchange Pension Scheme / Matthew Connelley as Trustee of Cycle Exchange Pension Scheme / Karen Connelley as Trustee of Cycle Exchange Pension Scheme Morgan Lloyd Trustees Limited as Trustee of Cycle Exchange Pension Scheme / Matthew Connelley as Trustee of Cycle Exchange Pension Scheme / Karen Connelley as Trustee of Cycle Exchange Pension Scheme | A registered charge | 9 properties | 04/07/2022 | — | |
| satisfied | Maureen Dorothy Connelley | A registered charge | — | 05/08/2016 | 10/12/2020 | |
| satisfied | Maureen Dorothy Connelley | A registered charge | 1 property | 15/09/2015 | 10/12/2020 | |
| satisfied | John Newing Trading John Newing Trading LTD | A registered charge | 1 property | 15/09/2015 | 10/12/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (59 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-22
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-14
appoint-person-director-company-with-name-date
officers · AP01
2026-01-07
resolution
resolution · RESOLUTIONS
2025-12-28
memorandum-articles
incorporation · MA
2025-12-28
capital-allotment-shares
capital · SH01
2025-11-20
capital-alter-shares-subdivision
capital · SH02
2025-11-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-18
capital-name-of-class-of-shares
capital · SH08
2025-11-18
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-11-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-14
termination-director-company-with-name-termination-date
officers · TM01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-31