Hove Fitness Club Limited

Hove Fitness Club Limited is a small, active company based in Hove, UK, established four years ago in 2020. It employs ten people and holds £138,831 in assets, operating from a real address on St. Heliers Avenue. With three directors and three owners, the club is a regular, though somewhat irregular, importer of toys, games, and sports equipment, with the last import occurring one month ago. The company operates in the fitness facilities and other sports activities industries.

The club's website showcases a range of fitness offerings, including gym access, extensive classes (wellness, dance, cycling, HYROX), a wellness studio, treatment rooms, and even a members-only café. It actively promotes membership with incentives like free personal training sessions and highlights its facilities, including a fully kitted gym, dance and cycling studios, and bespoke HYROX training rooms. Non-members can also book classes on a pay-as-you-go basis. The website also features treatment rooms offering sports massage and beauty services.

Financially, Hove Fitness Club Limited shows some interesting trends. Current assets increased by 25% to £140,000, while net assets grew by 29% to £150,000. Cash reserves also increased by 10% to £100,000. However, bank borrowings surged by 2,400% to £29,000, and creditors increased by 38% to £53,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible. Debtor’s increased significantly, which could be a sign of increased sales or a potential issue with collections. The lack of an auditor mentioned suggests the company is exempt as a small company, meaning the figures are unaudited.

The increase in bank borrowings, while concerning, could be a result of investments in new equipment or facility upgrades, given the emphasis on providing a premium fitness experience. It’s likely the club is trying to grow its membership base and expand its offerings, which often requires initial capital.

Registered in England/Wales under the registration number 12804107, with a registered address at BN3 5RE, England, Hove, 2 St. Heliers Avenue.

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