Bodbox Ltd

Bodbox Ltd from Bradford UK: a small, active company founded nine years ago, is facing some financial headwinds. While the business operates an e-commerce site selling fitness equipment and dryland training tools, its financial health is a mixed bag. The company holds just £7,067 in assets and has three directors and one owner, Newton Aaron Christopher. Accounts are two years overdue and confirmation statements three years overdue.

The website, BODbx, showcases a range of products aimed at swimmers and coaches, including a "bodbx" device that tracks training insights. It’s a clear focus on technology-driven fitness, with a premium pricing strategy—the core product costs £769. The site’s clean design and emphasis on performance metrics suggest a deliberate branding effort.

Financially, Bodbox Ltd’s numbers are concerning. Net assets have plummeted by an astonishing 1000%, from -£380 to £3,500, and net current assets have increased by 4100%, reaching £18,000. Bank borrowings have risen dramatically, increasing by 300% to -£13,000, while cash reserves have increased by 57% to £4,700. Trade debtors have fallen by 100%, and creditors have fallen by 100%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is a red flag. It's worth noting that the company is exempt from an audit, so the figures are unaudited.

The significant increase in bank borrowings, coupled with the drop in assets, suggests the company is burning through cash to fund its operations. It’s possible that the company is investing heavily in marketing or product development, but the lack of employees (zero reported) raises questions about its operational capacity. The overdue accounts and confirmation statements further complicate the picture, indicating potential management issues.

Registered in England/Wales under the registration number 09942944, with a registered address at BD10 8EW, England, Bradford, West Yorkshire, Unit D2 Enterprise 5, Enterprise Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.