Elite Fitness Redditch Limited

Elite Fitness Redditch Ltd, based in Redditch, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, the gym employs seven people and holds £56,738 in assets. It operates from a real address and is led by two directors and owners. The business has a strong online presence, boasting a perfect 5.0 Google rating from 59 reviews and running an e-commerce site. While primarily a fitness facility, it also imports electrical machinery and equipment, albeit irregularly, with the last import activity recorded one month ago in July 2023.

The company’s website highlights a range of fitness services, including personal training, group classes, and a fully equipped gym. It emphasizes a supportive community atmosphere and tailored fitness programs. The website also features a blog with fitness tips and nutritional advice, showcasing the gym's commitment to holistic wellness. While the website doesn’s explicitly mention e-commerce, the presence of online booking and membership options suggests a growing digital focus.

Financially, Elite Fitness Redditch Ltd presents a mixed picture. Cash reserves have seen a remarkable surge, jumping 3,900% to £41,000—a very positive sign. However, trade debtors have plummeted 72%, falling to just £15,000, which could indicate difficulties in collecting payments. Creditors have also decreased, dropping 5.1% to £74,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for flexibility, but the significant changes in debtor levels warrant closer attention. The company’s unaudited accounts, exempt due to its size, rely on director-reported data.

Overall, Elite Fitness Redditch Ltd seems to be navigating a period of change. The substantial increase in cash is encouraging, but the decline in debtors suggests potential challenges in managing its revenue stream. The company’s family-run nature and strong online reputation provide a solid foundation, but careful financial management will be key to its continued success.

Registered in England/Wales under the registration number 08754615, with a registered address at B98 8YW, England, Redditch, Units 19-21 New Meadow Road.

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