Onegym Ltd

Onegym Ltd from Darlington UK: a small holding company with an active status, was founded 14 years ago. The company employs 48 people and holds £1,384,283 in assets, operating from a virtual address. It’s managed by two directors and has one owner, and regularly imports toys, games, and sports equipment – most recently in July 2024.

The company’s website, OneGym, focuses on providing fitness facilities, with locations across the North East of England. It offers day passes, gym memberships, and a range of fitness classes, with a strong emphasis on health and safety. The website also promotes careers and includes FAQs and contact information. It seems like they are running an e-commerce site, selling memberships and day passes, and promoting classes.

Financially, OneGym Ltd’s report reveals some concerning trends. Creditors have increased significantly, jumping 100% to £1.3 million, while net current assets have plummeted 90% to just £56,000. Bank borrowings have also risen substantially, by 31%, reaching £470,000. On the positive side, cash reserves have remained relatively stable at £940,000, and debtors have increased by 51%. 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 sharp decrease in net current assets suggests a potential cash flow problem. There’s no auditor mentioned, which is likely due to its status as a small company.

Overall, OneGym Ltd appears to be facing financial pressures. While the fitness facilities business seems active and well-promoted, the financial data indicates a need for careful management to avoid burning through cash. The increase in debt and decrease in net assets are concerning, and the company will need to address these issues to ensure its long-term viability.

Registered in England/Wales under the registration number 07502699, with a registered address at DL3 7RT, United Kingdom, Darlington, County Durham, 140 Coniscliffe Road.

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