The Gym (n.i.) Limited

The Gym (n.i.) Limited, based in Newry, Northern Ireland, is a small, active company founded three years ago in May 2022. It’s a solo-founded operation with one director and owner, Trainor Declan, and boasts a stellar 5.0 Google rating from 34 reviews. The company operates in the fitness facilities industries and has a real registered address at Unit 3 Itec Business Park, 52 Armagh Road. It’s an irregular importer, with its top import category being Toys, games, and sports equipment, totaling 1 months of imports, the last operation conducted on April 01, 2024.

The company’s website is primarily a Facebook login page, offering standard social media functionality. There’s no obvious e-commerce presence or detailed product catalog—it appears to be used mainly for promotional purposes and customer engagement. It’s not clear if the gym has its own website.

Financially, The Gym (n.i.) Limited presents a mixed picture. While cash reserves remain relatively stable at £22,000, accrued liabilities are holding steady at £840. However, the company has significant loans from directors amounting to £400,000, and net current liabilities are a substantial -£390,000. Property, plant, and equipment (likely gym equipment) are valued at £420,000, but the company’s equity has remained at £38,000. The lack of employees (zero reported) suggests a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited. 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 flexibility, but the large loans and negative liabilities indicate a reliance on external funding. It’s possible the company is reinvesting heavily in its facilities or marketing efforts, but the long-term sustainability of this approach remains to be seen.

Registered in Northern Ireland under the registration number NI688098, with a registered address at BT35 6DN, Northern Ireland, Newry, Unit 3 Itec Business Park, 52 Armagh Road.

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