Fitshop Uk Ltd

Fitshop UK Ltd, formerly known as Laidir Leisure Limited, is a sizable company based in Glasgow, UK, with a long history stretching back 44 years. Employing 87 people and boasting assets of £11,892,499, it operates as a significant player in the home fitness equipment market. The company, with four directors and a solo founder, Grau Christian Soenke Juergen, runs a thriving e-commerce site and regularly imports and exports toys, games, and sports equipment—111 months of imports and 16 months of exports recorded.

The company’s website, powerhousefitness.co.uk (now fitshop.co.uk), positions itself as Europe’s No.1 for home fitness, offering a wide range of cardio, strength, weights, functional, sports play, and commercial equipment from over 80 brands. It even has 9 stores UK wide. The site highlights customer care, a vast selection, and flexible financing options. As of March 27, 2024, Powerhouse Fitness retail stores and webshop are operating under the name Fitshop.

Financially, Fitshop UK Ltd presents a mixed picture. While turnover remained steady at £12 million, net assets declined by 18% to £7.2 million. Cash reserves experienced a significant drop of 1200% to £1.3 million, though bank balances increased dramatically. Trade debtors rose by 37%, indicating potential challenges in collecting payments. Creditors also increased by 22%, suggesting higher short-term liabilities. The company’s large size (meeting two of three criteria for a large company) suggests it’s navigating the complexities of a competitive market. The auditors, Azets Audit Services, have reported that the company has not identified any matters required to be placed in the strategic report.

Despite the decline in cash reserves, Fitshop UK Ltd’s established brand, extensive product range, and physical store presence suggest a resilient business model. The shift to the Fitshop name and the focus on a specialized market could be a strategic move to differentiate from general sports dealers.

Registered in Scotland under the registration number SC071827, with a registered address at G73 1DF, Scotland, Glasgow, 3 Rutherglen Links Rutherglen Links Business Park, Farmeloan Road.

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