New Body Gym Ltd

New Body Gym Ltd from Southend-On-Sea UK is a small company with an active status, founded seven years ago. It employs two people and holds £18,268 in assets, operating from a virtual address. The company is led by one director and owner, who is also the solo founder. It’s an irregular importer of toys, games, and sports equipment, with just one month of imports recorded back in 2022.

The company’s website highlights its focus on fitness and rehabilitation. New Body Gym offers memberships, personal training, and specialist rehabilitation services. They also run a program to educate specialists, from level 2 to 5 in PT, massage, SC, rehab. A key feature is its app-based access system, using QR codes for turnstiles, and a monthly access code sent via email. They even have a referral program, rewarding members who bring in friends with a free month of membership.

Financially, New Body Gym Ltd’s report paints a mixed picture. Accumulated depreciation on plant machinery increased by 62%, while furniture fittings saw a 34% rise—suggesting investment in equipment. However, cash bank on hand plummeted 90%, dropping to just £140. Creditors decreased by 18%, which is good, but the sharp drop in cash reserves raises concerns. The company's small size (meeting two of three criteria for a small company) helps it stay nimble, but the decline in equity—a 43% decrease—is a notable trend. The report doesn't mention an auditor, which is likely due to its status as a small company.

Overall, New Body Gym Ltd seems to be holding its own, but the financial numbers suggest it's burning through cash. The focus on app-based access and referral programs shows a modern approach to fitness, but the company will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 10823344, with a registered address at SS1 1EF, England, Southend-On-Sea, Independence House, 14a Nelson Street.

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