Team Rh Fitness Ltd

Team Rh Fitness Ltd from Gateshead UK: a small holding company with an active status, was founded eight years ago in 2017. The company employs 48 people and holds £4,272,513 in assets. It operates from a real address and is led by one director and two owners, running an e-commerce site. Regular imports of toys, games, and sports equipment have occurred over the past four months.

The company’s website showcases a digital fitness platform, the Team RH App, offering personalized weight loss plans and workouts. It's designed to cater to various fitness levels, with options for home and gym workouts, and even incorporates nutrition guidance and meal inspiration. The app features a subscription model with different plans, including those focused on GLP-1 weight loss (like Mounjaro and Ozempic), and boasts a strong presence on app stores, with high ratings and over 300,000 members. The site also promotes its protein clothing line and offers a "Hero Kit" alongside accessories.

Financially, Team Rh Fitness Ltd demonstrates a mixed picture. Cash reserves increased by 20% to £4,100,000, while bank borrowings decreased by 44% to £21,000. However, net losses increased by 11% to -£11,000. Trade creditors decreased by 18%, suggesting improved debt management, but intangible assets decreased by 15% to £400,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

The company's growth in cash and member base is encouraging, but the increase in losses and decrease in intangible assets suggest a need for careful financial management. The focus on digital fitness and subscription models could provide a sustainable revenue stream, but the company needs to ensure it’s managing its expenses effectively.

Registered in England/Wales under the registration number 10675855, with a registered address at NE11 0BU, England, Gateshead, Unit 5 Queens Court North Third Avenue, Team Valley.

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