Drumfit International Ltd

Drumfit International Ltd, based in Sheffield, UK, is a small, active company founded four years ago. With a single employee and £185,950 in assets, it operates from a real address and is managed by one director and owner. The company is an irregular importer, primarily dealing in toys, games, and sports equipment, with just two months of import activity recorded as of June 2022.

The company’s website, DrumFIT, showcases a comprehensive program designed for schools, care homes, and individuals, offering a fun and active lifestyle through cardio drumming. It’s clear that Drumfit has invested heavily in online resources, including lesson planning software and a library of videos, targeting a broad audience from children to seniors. The website highlights a global reach, positioning Drumfit as the leading provider of cardio drumming programming. It also features profiles of key personnel, including CEO Danielle Sherbo, emphasizing the company's international team and commitment to wellness.

Financially, Drumfit International Ltd presents a mixed picture. While current assets increased by 86% to £190,000, net losses deepened to -£29,000, a significant downturn from the previous year. Cash reserves fell 66% to £34,000, and bank borrowings increased, suggesting a need for external funding. Administrative expenses decreased significantly, which is good, but trade debtors remain high at £150,000, which could be a concern. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

Overall, Drumfit International Ltd appears to be navigating a challenging period. While its online presence and programming are well-developed, the financial data indicates a need to manage cash flow and potentially address trade debtor issues. The company’s future success likely hinges on its ability to maintain its online appeal and convert that into sustainable profitability.

Registered in England/Wales under the registration number 12964590, with a registered address at S1 2FW, England, Sheffield, Fortuna House Queen Street, Suite 124.

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