E Transport Group Ltd Group Structure & Subsidiaries
Executive Summary
E TRANSPORT GROUP LTD (company number 14300938) functions as a non-trading or investment holding company under SIC code 64209, controlling seven direct UK subsidiaries across the electric transport and cycling sectors. Corporate ownership is divided between individual co-founder Mr Karl Haden and corporate entity W-Ventures Investments Ltd, each holding between 25% and 50% of the issued equity and voting rights. Second-tier analysis reveals that Dutch national control runs through W-Ventures Investments Ltd to Mr Leendert Johannes Van Winden, while the downstream retail footprint extends into a further operating tier via THE ELECTRIC BIKE SHOP LTD.
The Limit of Companies House Searches
A standard search on the Companies House register reveals only half of an organisation's corporate tree. By statutory design under the Companies Act 2006, the public Register of Companies points strictly upwards. Entering an entity name or number presents its incorporation details, registered office, filing history, active officers, and registered Persons with Significant Control (PSCs).
What a standard Companies House search does not provide is a reverse lookup. Typing a parent holding company into the search bar will never return an automated schedule of the trading companies, special purpose vehicles, or regional branches it owns downstream. The UK register simply lacks a outward-facing parent-to-subsidiary index. While consolidated annual accounts may list subsidiary holdings under section 409 of the Companies Act 2006, these disclosures are frequently filed up to nine months after the financial year ends. Furthermore, small or medium-sized groups may claim statutory filing exemptions, and dormant intermediate entities are routinely omitted from non-statutory narrative notes.
For corporate finance advisers, lending officers, and forensic investigators, relying entirely on a direct Companies House search risks missing operational assets, hidden group liabilities, and structural subordination across subsidiary tiers.
Reverse PSC Mapping: The Downstream Group Structure
To map an enterprise downwards, corporate intelligence analysts perform a reverse PSC search. By taking the full UK register of Persons with Significant Control and querying every active entity that registers the parent as a corporate PSC, the entire operational fleet can be reconstructed tier by tier.
E TRANSPORT GROUP LTD was incorporated on 17 August 2022. A reverse search across the UK PSC register establishes that the holding entity acts as the registrable corporate parent for seven distinct UK private limited companies. In each case, E TRANSPORT GROUP LTD holds the maximum statutory control bracket (75% to 100% of shares and voting control).
| Company Name | Number | Status | Incorporated | Control Band | Own Subsidiaries |
| :--- | :--- | :--- | :--- | :--- | :--- |
| ECYCLEUK LIMITED | 12800121 | Active | 07/08/2020 | 75-100% shares | 0 |
| THE BIKE SURGERY LTD | 12811396 | Active | 13/08/2020 | 75-100% shares | 0 |
| ECYCLE DIRECT LIMITED | 13757266 | Active | 22/11/2021 | 75-100% shares | 0 |
| E FUNDIT LTD | 14333803 | Active | 02/09/2022 | 75-100% shares | 0 |
| THE ELECTRIC BIKE SHOP LTD | 09097113 | Active | 23/06/2014 | 75-100% shares | 1 |
| CUBE CONCEPT STORES LTD | 14330675 | Active | 01/09/2022 | 75-100% shares | 0 |
| BIKE SERVICES UK LTD | 14580135 | Active | 09/01/2023 | 75-100% shares | 0 |
Second-Tier Subsidiaries
Among the seven direct subsidiaries, one entity contains further downstream depth. THE ELECTRIC BIKE SHOP LTD (company number 09097113), originally incorporated in June 2014 and older than the holding vehicle itself, acts as an intermediate holding body with one downstream subsidiary of its own. When performing group asset verifications or taking debentures, practitioners must account for this additional tier; assets held at the lowest operating level are separated from the principal parent by multiple corporate veils.
Upstream Control and Ultimate Beneficial Ownership (UBO)
Navigating upwards from E TRANSPORT GROUP LTD reveals a balanced governance arrangement at the top of the group. Under the statutory definitions in Schedule 1A of the Companies Act 2006, the company records two primary entities on its PSC register:
1. Mr Karl Haden
Notified on 17 August 2022, holding direct ownership of shares (25% to 50%) and voting rights (25% to 50%).
2. W-Ventures Investments Ltd (Company Number: 14267414)
A UK corporate entity notified on 15 September 2022, holding ownership of shares (25% to 50%) and voting rights (25% to 50%).
Because W-Ventures Investments Ltd is a corporate entity rather than a natural person, anti-money laundering regulations require tracing control further up the chain. An examination of the PSC register for W-Ventures Investments Ltd shows that Mr Leendert Johannes Van Winden holds the statutory nature of control defined as "significant influence or control" over that corporate entity.
Consequently, compliance teams conducting customer due diligence under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 must record both Mr Karl Haden and Mr Leendert Johannes Van Winden as individuals with registrable governance or economic influence over the wider structure.
Current Directorate and Officer History
The board of E TRANSPORT GROUP LTD has undergone restructuring since incorporation. The company currently has three active directors:
- Mr Karl Haden (born April 1967, British), appointed at incorporation on 17 August 2022.
- Mr Stuart Atkins (born March 1971, British), appointed on 27 January 2025.
- Mr Lee Stephen Kidger (born December 1988, British), appointed on 27 January 2025.
Former director Ms Joanna Clare Thomson (born February 1966, British) was appointed at incorporation on 17 August 2022 and resigned on 31 January 2025.
Practical Due Diligence: Why Group Structures Matter
Understanding the multi-tiered architecture of E TRANSPORT GROUP LTD is critical for legal advisers, credit underwriters, and commercial counterparties. Group companies do not share unified legal liability merely by virtue of standard branding or shared board members.
[Mr Leendert Johannes Van Winden]
│
(significant influence)
▼
[Mr Karl Haden] [W-Ventures Investments Ltd] (14267414)
(25-50%) (25-50%)
│ │
└──────────────────┬──────────────────┘
▼
E TRANSPORT GROUP LTD (14300938)
│ (75-100% control)
┌───────────────────┼───────────────────┬───────────────────┐
▼ ▼ ▼ ▼
ECYCLEUK THE BIKE SURGERY ECYCLE DIRECT E FUNDIT
LIMITED LTD LIMITED LTD
(12800121) (12811396) (13757266) (14333803)
│ │ │ │
├───────────────────┼───────────────────┘ │
▼ ▼ ▼
THE ELECTRIC CUBE CONCEPT BIKE SERVICES
BIKE SHOP LTD STORES LTD UK LTD
(09097113) (14330675) (14580135)
│
▼ (1 Subsidiary)
[Tier-2 Entity]
Corporate Finance Decision Framework: Assessing Group Risk
When evaluating a group structured like E TRANSPORT GROUP LTD, professional advisers should apply the following framework:
1. Contractual Counterparty Verification
Identify precisely which legal entity signs the contract. Contracting with the non-trading holding company (SIC 64209) may leave a counterparty unsecured against trading cash flows. Conversely, contracting with a subsidiary (such as ECYCLEUK LIMITED or ECYCLE DIRECT LIMITED) gives direct recourse only against that entity's segregated balance sheet.
2. Security and Debt Structuring
Lenders seeking group-wide protection cannot rely solely on a debenture over the parent. A debenture granted by E TRANSPORT GROUP LTD creates charges over the shares it owns in its subsidiaries, not over the physical trading stock, inventory, or property within those operating units. Comprehensive protection requires cross-guarantees or direct security filings at the subsidiary tier. Practitioners should execute a company charge check across all eight group entities to verify pre-existing fixed or floating charges.
3. Solvency and Operational Firewalls
Under English company law (Salomon v A Salomon & Co Ltd), each entity preserves limited liability. If an individual trading subsidiary faces cash-flow pressures or supplier claims, the parent vehicle is legally insulated absent personal or parent guarantees. Insolvency practitioners examining winding-up risks must assess whether intra-group loan accounts link the entities or whether cash flows operate independently.
Illustrative Scenario: Supplying a Group Subsidiary
Consider an institutional bike component supplier negotiating a £500,000 inventory facility with "The Electric Bike Shop". If the supplier executes agreements referencing E TRANSPORT GROUP LTD without cross-company guarantees, the debt is owed by a holding company with zero retail stock. If the retailer instead executes through THE ELECTRIC BIKE SHOP LTD, the supplier holds a claim against the trading entity but has no call on the cash reserves of sibling businesses like CUBE CONCEPT STORES LTD or BIKE SERVICES UK LTD. Verifying downstream ownership prevents structural misalignments before credit is advanced.
How to Extract Complete Corporate Structure Charts
Reconstructing a group hierarchy manually through Companies House requires cross-referencing individual PSC statements, reviewing disparate confirmation statements, and searching through hundreds of potential trading names. For complex groups with multiple operating subsidiaries and overseas ultimate owners, this manual exercise takes significant fee-earner time and remains vulnerable to out-of-date filings.
Corp Intel continuously indexes the full UK Register of Companies and the complete PSC register. By querying parent relationships in reverse, our platform instantly identifies all downstream subsidiaries, multi-tier holdings, and upstream ownership lines in a single pass.
Legal and financial advisers requiring a comprehensive, visual group structure chart can order the Corporate Org Chart PDF at £25. Sourced directly from current public register data, the chart maps both upstream ultimate controllers and all direct and indirect downstream subsidiaries into a clear, time-stamped visual document.
To see how UK group relationships are structured across different industries, consult our comprehensive company group structure UK guide.
For Corporate Lawyers, Lenders, and Due Diligence Teams
Corporate structure verifications are a mandatory milestone in pre-lending credit approvals, share purchases, and anti-money laundering onboarding under MLR 2017. Overlooking a subsidiary tier or misidentifying an intermediate holding body distorts solvency assessments and risks leaving institutional facilities structurally subordinated. Order the Corporate Org Chart PDF for an authoritative breakdown of any UK entity before drafting facility agreements or submitting compliance packs. For ongoing portfolio oversight, establish free company monitoring to receive automated notifications the moment a group entity files new PSC notifications, director changes, or charges.
FAQ
What is the primary business nature of E TRANSPORT GROUP LTD?
E TRANSPORT GROUP LTD is registered under SIC code 64209, which denotes activities of financial services holding companies. It acts as the ultimate holding body for operating subsidiaries engaged in the distribution, servicing, and retail of electric bicycles and related services.
Who are the ultimate beneficial owners (UBOs) of the group?
The PSC register records two primary ownership interests: Mr Karl Haden, who directly holds between 25% and 50% of the shares and voting rights, and W-Ventures Investments Ltd, which holds an identical 25% to 50% stake. Upstream analysis of W-Ventures Investments Ltd identifies Mr Leendert Johannes Van Winden as an individual holding significant influence or control over that corporate entity.
How many subsidiaries sit underneath E TRANSPORT GROUP LTD?
The holding company directly owns seven active UK subsidiaries: ECYCLEUK LIMITED, THE BIKE SURGERY LTD, ECYCLE DIRECT LIMITED, E FUNDIT LTD, THE ELECTRIC BIKE SHOP LTD, CUBE CONCEPT STORES LTD, and BIKE SERVICES UK LTD. It controls between 75% and 100% of the equity in each.
Why does Companies House not display these subsidiaries on the parent company's profile?
Companies House records public filings strictly upwards. An individual company's profile shows its directors, charges, and the persons or parent companies that control it. The register does not contain an outward search function to identify what a company owns downstream. Identifying subsidiaries requires a reverse PSC search across all UK entities to locate those that declare the parent as a controlling corporate body.
Are there any multi-tier subsidiaries within the E TRANSPORT GROUP LTD hierarchy?
Yes. THE ELECTRIC BIKE SHOP LTD (company number 09097113), which is 75% to 100% controlled by E TRANSPORT GROUP LTD, holds one downstream subsidiary of its own, creating a two-tier subsidiary chain below the primary parent vehicle.
What governance changes have occurred among the company's directors?
At incorporation in August 2022, the board comprised Mr Karl Haden and Ms Joanna Clare Thomson. On 27 January 2025, Mr Stuart Atkins and Mr Lee Stephen Kidger were appointed as directors. Ms Joanna Clare Thomson subsequently resigned her directorship on 31 January 2025, leaving three active directors on the board.