Uk Gym Equipment Ltd

Uk Gym Equipment Ltd, based in Peterborough, UK, is a small, active company established ten years ago in 2014. Employing eleven people, the business holds £670,691 in assets, though its registered address is likely virtual given the high number of companies registered there. The company is a family business, overseen by three directors and three owners. It regularly imports and exports toys, games, and sports equipment, with nineteen months of import activity and nine months of export activity recorded.

The company's website showcases a wide range of fitness equipment, from treadmills and exercise bikes to strength training gear and functional equipment. It operates primarily as an e-commerce business, selling directly to consumers and offering various brands. The site also features a "Complete Gym Service" offering 3D gym design, installation, and flooring solutions. It's clear they are aiming to be a one-stop shop for all fitness needs, with a focus on both commercial and home gym setups.

Financially, Uk Gym Equipment Ltd shows a mixed picture. Current assets have decreased by 4.3% to £670,000, while net assets have fallen by 3.1% to £560,000. Cash reserves have increased by 12% to £310,000, which is a positive sign. However, trade debtors have dropped significantly by 58%, suggesting potential issues with customer payments. Bank borrowings have also decreased, which could be a result of better debt management. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The decrease in debtors is a bit concerning, but the increase in cash suggests the company is managing its finances reasonably well. It will be interesting to see if they can maintain this trend and continue to grow their online fitness equipment business.

Registered in England/Wales under the registration number 09185819, with a registered address at PE2 6LR, England, Peterborough, 36 Tyndall Court Commerce Road, Lynch Wood.

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