Zerofit Europe Ltd

Zerofit Europe Ltd, based in Belfast, UK, is a small, active company founded seven years ago in 2018. Employing just one person, the company holds £569,085 in assets and operates from a virtual address—a fact highlighted by the presence of thirty-four other companies registered at the same location. With three directors and two owners, the business runs an e-commerce site and maintains a stellar 5.0 Google rating based on two reviews. It regularly imports clothing and accessories made by knitting or crocheting, with nineteen months of import activity recorded.

The company's website showcases a wide range of performance baselayers and apparel, catering to outdoor enthusiasts and athletes. From Heatrub Ultimate baselayers to Glenn Irwin-branded gear, the site emphasizes innovation and quality, with sections dedicated to motorcycling, golf, hiking, and more. The website also has a blog with content reinforcing its expertise in safety solutions.

Financially, Zerofit Europe Ltd presents a mixed picture. Cash bank on hand has significantly decreased by 84%, dropping to £14,000—a substantial reduction. Bank borrowings have also decreased by 13%, reaching £36,000. Creditors, however, have dramatically increased by 220%, reaching £350,000, which could indicate increased investment or supply chain pressures. Despite these challenges, the company’s net assets have increased by 11%, reaching £100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s increased creditors and decreased cash reserves suggest it may be burning through money faster than it's bringing it in, but the increased net assets show a positive trend. It will be interesting to see if this trend continues.

Registered in Northern Ireland under the registration number NI651488, with a registered address at BT1 3LG, Northern Ireland, Belfast, 1 Lanyon Quay.

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