Newtech Worldwide Limited

Newtech Wellness Ltd, based in Swindon, UK, is a small, active company founded eleven years ago in 2013. With nine employees and £2,472,281 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company runs an e-commerce site and is a regular importer and exporter of electrical machinery and equipment, with 156 months of import activity and 122 months of export activity recorded.

The company's website showcases a focus on bodybuilding equipment, offering a range of plate-loaded, cable motion, and torture equipment. It emphasizes partnerships with Mr. Olympia, offering equipment approved by the prestigious event and boasting patented technology. The site highlights a global distribution network, delivering equipment to customers worldwide and showcasing a 20-year history in the industry. It also features a section dedicated to official athletes, including Nick Walker, Milos Sarcev, and Regan Grimes, further reinforcing its commitment to quality and performance.

Financially, Newtech Wellness Ltd’s recent performance presents a mixed picture. While cash reserves increased by a substantial 580% to £7,600, net assets declined by 2.6% to £710,000. Bank borrowings decreased significantly by 78% to £54,000, indicating improved debt management. However, finished goods and goods for resale increased by 37% to -£540,000, which could suggest challenges in inventory management or increased competition. Trade creditors also increased by 70% to £510,000, which could be a result of increased purchasing activity. As a small company meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees, it benefits from flexibility but faces pressures. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Registered in England/Wales under the registration number 08694540, with a registered address at SN1 2PG, England, Swindon, Unit 12 Isis Trading Estate, Stratton Road.

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