The Gym King Limited

The Gym King Limited is a large, active company from Leeds, UK, founded ten years ago in 2015. Employing fifty-eight people and holding £8,539,472 in assets, it operates as a holding company with two directors and one owner. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 1100 months of import activity and 217 months of export activity recorded. The registered address is real, with only one other company registered at the same location.

The company’s website, TheGymKing.com, is a fully functional e-commerce platform showcasing a wide range of athletic apparel and accessories. The site features high-quality product photography, detailed descriptions, and secure online ordering, targeting a young, fashion-conscious audience. It’s clear the company is heavily invested in direct-to-consumer sales, with a strong emphasis on brand building through social media and influencer marketing.

Financially, The Gym King Limited presents a mixed picture. While turnover increased by 11%, reaching £40 million, net losses widened to £650,000 – a significant jump. Cash reserves decreased by 19%, falling to £4.2 million, and bank borrowings increased by 30%, reaching £290,000. However, creditors decreased by 40%, suggesting improved debt management. The company’s assets have also decreased by 19%, falling to £8.5 million. The company’s small increase in employee numbers (48 reported, down from 58) may reflect efforts to streamline operations. The company’s auditor is Buckle Barton Ltd.

Overall, The Gym King Limited is a growing company facing some financial pressures. The increase in turnover is encouraging, but the widening losses and decreasing cash reserves are concerning. The company’s success will depend on its ability to control costs, maintain its brand appeal, and effectively manage its supply chain.

Registered in England/Wales under the registration number 09476649, with a registered address at LS15 9JL, England, Leeds, The Gym King Limited Unit 6 Temple Point, Bullerthorpe Lane.

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