Ab Salute Gym Ltd

Ab Salute Gym Ltd is a small, active company based in Hornchurch, UK, founded fifteen years ago on January 22, 2010. With nine employees and £391,519 in assets, it operates from a virtual address shared by fifty-four other companies, a bit unusual. Two directors and two owners manage the business, which primarily focuses on the other letting and operating of own or leased real estate. It's a regular importer of toys, games, and sports equipment, with nineteen months of import activity recorded, and an irregular exporter, with just one month of export activity.

The company's website showcases a network of gyms across Essex and Hertfordshire, offering a range of membership options and emphasizing high-quality equipment—some of which are the first of their kind in the UK. It seems to be trying to offer a more personal and flexible gym experience compared to larger chains. The site also mentions a piano restoration business, 1066 Pianos, which is a little confusing.

Financially, Ab Salute Gym Ltd has seen some concerning trends. While turnover remained stable, net assets decreased by 10% to £1,900,000, and cash reserves fell by 41% to £45,000. Bank borrowings increased by 11% to £150,000, and creditors decreased by 38% to £480,000. The number of employees has plummeted by 78% to just two, which could indicate a restructuring or reliance on external contractors. The company is exempt from an audit, so the figures are unaudited.

Overall, Ab Salute Gym Ltd appears to be facing financial pressures despite its active status and focus on quality. The decrease in employees and the drop in cash reserves are particularly noteworthy. Whether the company can maintain its network of gyms and navigate these challenges remains to be seen.

Registered in England/Wales under the registration number 07133124, with a registered address at RM11 3AT, Hornchurch, Essex, 79 Wingletye Lane.

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