Genetix Gym Ltd

Genetix Gym Ltd from Stourbridge UK is a small, active company founded nine years ago. With a Google rating of 5.0 based on 47 reviews, it employs one person and holds £22,796 in assets. The gym has two directors and one owner, operating from a real address in Lye. It’s an irregular importer, with its top import category being Toys, games, and sports equipment, totaling one month of imports, the last operation conducted on January 01, 2017.

The company’s website highlights its focus on bodybuilding and powerlifting, offering memberships, personal training, and a range of Genetix gear. It also features positive testimonials from satisfied customers praising the equipment, atmosphere, and friendly staff. The site’s layout suggests a strong emphasis on community and fitness, with a gallery showcasing the gym’s facilities and a blog promoting its expertise. It’s clearly an e-commerce operation, selling merchandise and promoting its services online.

Financially, Genetix Gym Ltd presents a mixed picture. Current assets have decreased by 23%, falling to £23,000, while net assets have plummeted 49%, settling at £4,800. Cash reserves have also taken a hit, dropping 77% to just £220. On a positive note, creditors have decreased by 17%, indicating improved debt management. 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 it to remain flexible, but the significant decline in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company's financial data suggests it's burning through money. While the gym appears to be popular and well-regarded, the sharp decline in equity and cash reserves indicates a need for careful financial management. The decrease in cash reserves is a particular concern, and it’s possible the company is relying on bank borrowings to stay afloat. It’s also worth noting that the decrease in debtors suggests the company is struggling to collect payments from customers, which could further strain its finances.

Registered in England/Wales under the registration number 10073319, with a registered address at DY9 8HS, United Kingdom, Stourbridge, Lye, Genetix Gym, Providence Street.

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