Motive8 Ltd

Motive8 Ltd, based in Shepperton, UK, is a family-run business with a 24-year history, currently employing 106 people. The company boasts £2,910,069 in assets and operates from a real address, managed by six directors and two owners. Its Google rating sits at a moderate 3.0 based on 27 reviews. Motive8 specializes in the design, installation, maintenance, and management of gyms, catering to both commercial and residential clients. They also offer consultancy services and manage a range of equipment, from design to maintenance. The company’s website highlights its expertise in creating bespoke gym spaces and managing facilities, even offering home pool maintenance.

The financial picture for Motive8 Ltd presents a mixed bag. While average employee numbers increased by 8.5% to 120, current assets took a 26% hit, dropping to £2,900,000. Net assets also declined by 25%, settling at £740,000. Bank borrowings saw a significant surge, increasing by 42% to £330,000, while cash reserves decreased by 44% to £53,000. Creditors, however, decreased by 55%, suggesting improved debt management. The company qualifies as small, meeting two of three criteria—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—which allows for flexibility but also means the figures are unaudited.

The sharp decline in equity could be attributed to a number of factors, perhaps reflecting increased operating costs or investments in new equipment or facilities. The rise in bank borrowings might indicate a need for additional capital to support growth or manage cash flow. It's likely that the company is navigating the challenges of a competitive market, balancing expansion with financial stability. The lack of an auditor mentioned in the report is common for small companies, meaning the numbers rely on internal reporting.

Registered in England/Wales under the registration number 04013702, with a registered address at TW17 8AB, United Kingdom, Shepperton, Surrey, Gibraltar House, Govett Avenue.

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