Ab Salute Gym Bishop Ltd

Ab Salute Gym Bishop Ab Ltd, based in Hornchurch, UK, is a small, holding company with an active status. Founded just three years ago in May 2022, the gym employs four people and holds £96,881 in assets. It operates from a virtual address—with twenty-seven other companies registered at the same location—and is overseen by four directors and two owners. The company boasts a stellar 5.0 Google rating based on 230 reviews, and is a regular importer of miscellaneous food products, with the latest import operation occurring in November 2024.

The company’s website showcases a network of gyms across the southeast of England, including locations in St Albans, Romford, Brentwood, Lakeside, Chelmsford, Braintree, and Bishop Stortford. It positions itself as a fitness facility offering a wide range of equipment, personalized advice, and flexible membership options—a direct response to what it perceives as the impersonal nature of larger commercial gyms. The website highlights the quality of its equipment, even claiming to be the first in the UK to feature certain machines. It also advertises 24-hour gym access at select locations.

Financially, Ab Salute Gym Bishop Ab Ltd shows a mixed picture. Current assets increased slightly to £97,000, but net assets declined significantly to -£260,000. Bank borrowings surged, reaching £550,000, while cash reserves fell to £26,000. Trade debtors increased substantially, reaching £64,000, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the large debt and negative equity raise concerns. As a small company, it’s exempt from an audit, so the financial data is unaudited.

Despite the financial challenges, Ab Salute Gym Bishop Ab Ltd appears to be maintaining a positive customer experience, as reflected in its high Google rating. The company’s focus on quality equipment and personalized service suggests a commitment to its members—though whether this can offset the financial pressures remains to be seen.

Registered in England/Wales under the registration number 14096961, with a registered address at RM11 3AT, England, 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.