Fitnessgenes Ltd

Fitnessgenes Ltd, based in Bicester, UK, is a small, active company founded eleven years ago in 2013. With fifteen employees and £434,235 in assets, it operates as an e-commerce site with a respectable 4.0 Google rating from 42 reviews. The company has six directors but no reported owners, a somewhat unusual arrangement. It’s an irregular importer, bringing in paper and paperboard products, though only for a single month of activity recorded back in 2020.

The company’s website, Fitnessgenes, focuses on genetic testing and personalized health insights. It offers DNA analysis to help individuals understand their predispositions to various health conditions and optimize their fitness and nutrition plans. The site emphasizes scientific rigor and data privacy, positioning itself as a trusted source of genetic information. It seems to be a niche business, operating in the broader health and wellness sector.

Financially, Fitnessgenes Ltd is showing some concerning trends. While current assets remain at £430,000, net assets have plummeted by a significant 15% to -£850,000. Bank borrowings have also decreased by 63%, but cash reserves have fallen dramatically by 57%, leaving only £160,000. Creditors have increased by a whopping 360%, reaching £1 million, suggesting a reliance on external financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline warrants closer scrutiny. There’s no auditor mentioned, likely due to small company exemption, so the financial data relies on unaudited reports.

Overall, Fitnessgenes Ltd appears to be facing financial headwinds. While its niche business model and strong online presence hold promise, the declining equity and increasing debt raise questions about its long-term sustainability. It’s a company to watch, but its current trajectory suggests it's burning through money faster than it's generating it.

Registered in England/Wales under the registration number 08590852, with a registered address at OX26 4LD, Bicester, Oxfordshire, Bicester Innovation Centre Commerce House, Telford Road.

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