Core Strength Equipment Ltd

Core Strength Equipment Ltd is a small, active company based in Brough, UK, founded eight years ago in 2017. With a real address and two directors, the company employs just one person and holds £70,976 in assets. It operates an e-commerce site selling gym equipment, weights, and supplements, catering to both home and commercial customers. The business also imports toys, games, and sports equipment, with a recent import recorded in October 2024.

The company’s website showcases a wide range of products, from benches and machines to running gear and swimming accessories. It also offers flooring solutions and packages for home and commercial gyms. Notably, Core Strength Equipment Ltd emphasizes bespoke gym design and fitouts, even offering showroom visits and consultations. The site also highlights its partnerships with well-known sports nutrition brands like Applied Nutrition and BLDR Sports.

Financially, Core Strength Equipment Ltd’s recent report paints a mixed picture. While current assets have increased significantly by 290% to £71,000, net assets have decreased by 37% to -£30,000. Bank borrowings have surged by 160% to £100,000, and cash reserves remain at £1600. Creditors have also increased substantially, rising by 150% to £100,000. The number of employees has doubled to two, which could be a sign of growth, but it also means increased wage expenses. The company is classified as small, meeting two of three criteria for size, and is exempt from an audit, so the figures are unaudited.

The increase in borrowings and the decrease in net assets suggest the company may be investing heavily in its business or facing cash flow challenges. It’s possible the company is expanding its operations, but the financial data indicates it’s burning through money. The lack of an auditor’s opinion means the numbers rely solely on the directors’ reporting, which could be a cause for concern.

Registered in England/Wales under the registration number 10670858, with a registered address at HU15 2BX, England, Brough, East Yorkshire, 8 Brough Road, South Cave.

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