Watson Gym Equipment Ltd

Watson Gym Equipment Ltd, based in Frome, UK, is a substantial company holding a real address and employing 71 people. Established eighteen years ago, it boasts assets of £7,092,354 and a yearly revenue of £10,114,021. With three directors and a single owner, the company operates an e-commerce site and maintains a stellar 5.0 Google rating from 290 reviews. It regularly imports and exports toys, games, and sports equipment, with a long history of export activity spanning 129 months.

Classified as a large company – meeting two of three conditions (turnover exceeding £36 million and balance sheet total exceeding £18 million) – Watson Gym Equipment Ltd functions as a holding company with an active status. The company manufactures other special-purpose machinery, and its financial data reveals some interesting trends. Accrued liabilities increased significantly by 57%, while cash and cash equivalents saw a substantial rise of 86%. However, net assets decreased by 18%, and net losses increased from £64,000 to £130,000, suggesting a period of investment and expansion, but also increased costs. Bank borrowings also increased, indicating reliance on external funding.

The company's auditors, Charlton Baker Limited, have issued an unqualified opinion, affirming the financial statements give a true and fair view. Despite the challenges, Watson Gym Equipment Ltd appears to be a resilient business, leveraging its strong brand reputation and e-commerce presence to navigate the competitive fitness equipment market. The company's focus on high-quality products and customer service seems to be paying off, although close monitoring of its financial performance will be crucial in the coming year. It's also worth noting that the company’s website highlights a “Worlds Best Dumbbells” collection, a testament to its commitment to innovation and excellence.

Registered in England/Wales under the registration number 06132239, with a registered address at BA11 2FD, England, Frome, V1 Imperial Way, Commerce Park.

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