Virtual Fitness Ltd

Virtual Fitness Ltd, based in Wigan, UK, is a small, active company founded seven years ago in 8 March 2018. With just two employees and £16,026 in assets, it operates from a virtual address shared by fifty-four other companies, raising some questions. The company is run by a single director and owner, Samantha Field. It runs an e-commerce site and irregularly imports clothing and accessories – not knitted or crocheted – with a single month of import activity recorded as of November 2019. The company operates in the other sports activities industries.

The company’s website, while minimal, suggests a focus on fitness-related products and services. While no specific details are provided, the domain name and branding imply a connection to virtual fitness solutions, possibly online training programs or fitness equipment. It's a small operation, meeting two of three conditions for being considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Virtual Fitness Ltd is facing some challenges. Net assets plummeted 240%, ending at a concerning -£5,400. Cash reserves have dried up, falling 67% to just £3,600. Bank borrowings increased by 26%, reaching £13,000, and creditors decreased by 26% to £13,000. Trade debtors increased by 21%, reaching £4,200. The sharp decline in equity suggests the company is burning through cash faster than it’s generating revenue. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Despite these concerns, the company's small size allows for agility. The irregular import activity, though limited, indicates a potential avenue for sourcing unique products. Whether Virtual Fitness Ltd can overcome its financial headwinds and capitalize on its niche market remains to be seen—but for now, it’s a small company navigating a competitive landscape.

Registered in England/Wales under the registration number 11256277, with a registered address at WN6 8EA, England, Wigan, 10 Broad O Th Lane, Shevington.

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