Nova Pilates Ltd

Nova Pilates Ltd, based in London UK, is a small, active company founded five years ago in 2020. With a single employee and £4,011 in assets, it operates from a virtual address, a common trait for smaller businesses. Uyma Didem is both the director and owner, acting as the solo founder. The company enjoys a stellar 5.0 Google rating based on 34 reviews, a testament to its customer satisfaction.

The company’s operations span retail sales via mail order and internet, sports and recreation education, and other sports activities. It’s website highlights Pilates classes and equipment, suggesting a focus on fitness and wellness. While the website doesn’s explicitly state it’s an ecommerce platform, the presence of product listings and online booking functionality strongly indicates online sales are a key component of the business.

Financially, Nova Pilates Ltd presents a mixed picture. Current assets have increased by 27% to £4,000, a positive sign. However, cash reserves have decreased by 17% to £4,000, and bank borrowings have increased. Creditors have also risen by 30%, and taxation social security payable has increased by 33%. 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 for flexibility, but the rise in liabilities suggests it's burning through money. The accounts are “filleted” – meaning they’re simplified and unaudited, a standard practice for small companies. There’s no auditor mentioned.

Overall, Nova Pilates Ltd appears to be a well-regarded business with a strong online presence. However, the financial data suggests it’s operating on a tight budget and may be facing some financial strain. It’s a small business, and that comes with challenges, but the positive Google reviews indicate it’s delivering a good service.

Registered in England/Wales under the registration number 12537590, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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