champneys forest mere limited
champneys forest mere limited Company Information
Company Number
03047435
Website
www.champneys.comRegistered Address
16 great queen street, covent garden, london, WC2B 5AH
Industry
Fitness facilities
Telephone
01428726000
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
champneys henlow ltd 100%
champneys forest mere limited Estimated Valuation
Pomanda estimates the enterprise value of CHAMPNEYS FOREST MERE LIMITED at £13.4m based on a Turnover of £9.5m and 1.41x industry multiple (adjusted for size and gross margin).
champneys forest mere limited Estimated Valuation
Pomanda estimates the enterprise value of CHAMPNEYS FOREST MERE LIMITED at £19.2m based on an EBITDA of £3m and a 6.32x industry multiple (adjusted for size and gross margin).
champneys forest mere limited Estimated Valuation
Pomanda estimates the enterprise value of CHAMPNEYS FOREST MERE LIMITED at £96m based on Net Assets of £26.1m and 3.67x industry multiple (adjusted for liquidity).
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Champneys Forest Mere Limited Overview
Champneys Forest Mere Limited is a live company located in london, WC2B 5AH with a Companies House number of 03047435. It operates in the fitness facilities sector, SIC Code 93130. Founded in April 1995, it's largest shareholder is champneys henlow ltd with a 100% stake. Champneys Forest Mere Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.5m with healthy growth in recent years.
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Champneys Forest Mere Limited Health Check
Pomanda's financial health check has awarded Champneys Forest Mere Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £9.5m, make it larger than the average company (£193.3k)
£9.5m - Champneys Forest Mere Limited
£193.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (2.8%)
4% - Champneys Forest Mere Limited
2.8% - Industry AVG
Production
with a gross margin of 84.6%, this company has a comparable cost of product (85.7%)
84.6% - Champneys Forest Mere Limited
85.7% - Industry AVG
Profitability
an operating margin of 18.9% make it more profitable than the average company (-3.3%)
18.9% - Champneys Forest Mere Limited
-3.3% - Industry AVG
Employees
with 151 employees, this is above the industry average (3)
151 - Champneys Forest Mere Limited
3 - Industry AVG
Pay Structure
on an average salary of £16.6k, the company has an equivalent pay structure (£17.6k)
£16.6k - Champneys Forest Mere Limited
£17.6k - Industry AVG
Efficiency
resulting in sales per employee of £62.8k, this is equally as efficient (£66.1k)
£62.8k - Champneys Forest Mere Limited
£66.1k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (15 days)
2 days - Champneys Forest Mere Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 227 days, this is slower than average (151 days)
227 days - Champneys Forest Mere Limited
151 days - Industry AVG
Stock Days
it holds stock equivalent to 70 days, this is more than average (16 days)
70 days - Champneys Forest Mere Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Champneys Forest Mere Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.9%, this is a lower level of debt than the average (101.5%)
40.9% - Champneys Forest Mere Limited
101.5% - Industry AVG
CHAMPNEYS FOREST MERE LIMITED financials
Champneys Forest Mere Limited's latest turnover from April 2023 is £9.5 million and the company has net assets of £26.1 million. According to their latest financial statements, Champneys Forest Mere Limited has 151 employees and maintains cash reserves of £270.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,490,176 | 9,909,343 | 2,670,451 | 8,349,677 | 9,446,951 | 8,939,374 | 7,956,857 | 7,378,802 | 6,857,921 | 6,141,869 | 6,121,258 | 6,312,563 | 6,717,177 | 7,216,628 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,465,086 | 1,503,847 | 694,779 | 1,848,267 | 1,965,684 | 2,032,216 | 1,624,454 | 1,372,883 | 1,226,014 | 940,091 | 931,432 | 942,464 | 1,096,584 | 1,087,627 |
| Gross Profit | 8,025,090 | 8,405,496 | 1,975,672 | 6,501,410 | 7,481,267 | 6,907,158 | 6,332,403 | 6,005,919 | 5,631,907 | 5,201,778 | 5,189,826 | 5,370,099 | 5,620,593 | 6,129,001 |
| Admin Expenses | 6,229,547 | 6,064,820 | 3,530,257 | 6,009,155 | 5,690,757 | 5,463,324 | 4,664,330 | 4,598,971 | 4,579,275 | 4,967,787 | 4,995,520 | 5,190,454 | 5,185,287 | |
| Operating Profit | 1,795,543 | 2,340,676 | -1,554,585 | 492,255 | 1,790,510 | 1,443,834 | 1,341,589 | 1,032,936 | 622,503 | 222,039 | 374,579 | 430,139 | 943,714 | |
| Interest Payable | 3,424 | 4,893 | 4,928 | 5,815 | 0 | 0 | 0 | 1,535 | 2,328 | 286 | 299 | 489,166 | 569,234 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 585 | 0 | 0 | |
| Pre-Tax Profit | 1,792,119 | 2,335,783 | -1,559,513 | 486,440 | 1,783,761 | 1,443,834 | 1,326,859 | 1,340,054 | 1,030,608 | 622,217 | 221,740 | -114,002 | -139,095 | 943,714 |
| Tax | 81,927 | -273,295 | 238,374 | -49,707 | -1,988 | -63,543 | -208,733 | -56,715 | -274,530 | -231,198 | 81,484 | -9,509 | -1,082 | 204,251 |
| Profit After Tax | 1,874,046 | 2,062,488 | -1,321,139 | 436,733 | 1,781,773 | 1,380,291 | 1,118,126 | 1,283,339 | 756,078 | 391,019 | 303,224 | -123,511 | -140,177 | 1,147,965 |
| Dividends Paid | 2,000,000 | 3,000,000 | 3,800,000 | 1,000,000 | 6,000,000 | 0 | 0 | 5,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -125,954 | -937,512 | -5,121,139 | -563,267 | -4,218,227 | 1,380,291 | 1,118,126 | -3,716,661 | 756,078 | 391,019 | 303,224 | -123,511 | -140,177 | 1,147,965 |
| Employee Costs | 2,505,386 | 2,511,606 | 1,825,604 | 2,490,335 | 2,357,677 | 2,510,040 | 2,430,002 | 2,353,332 | 2,189,208 | 1,938,025 | 2,135,459 | 2,096,934 | 2,306,708 | 2,244,648 |
| Number Of Employees | 151 | 144 | 117 | 147 | 149 | 144 | 152 | 156 | 166 | 172 | 180 | 175 | 193 | 194 |
| EBITDA* | 3,036,419 | 3,381,894 | -501,446 | 1,515,540 | 2,809,925 | 2,290,702 | 1,718,213 | 1,420,702 | 999,080 | 609,685 | 777,762 | 883,641 | 1,390,159 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,778,200 | 35,900,885 | 24,286,926 | 25,265,461 | 23,514,401 | 24,129,367 | 21,057,151 | 15,995,592 | 13,885,047 | 13,971,390 | 8,180,603 | 8,521,764 | 8,839,685 | 9,197,821 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,224,521 | 8,817,346 | 8,696,922 | 8,294,793 | 7,929,660 |
| Total Fixed Assets | 34,778,200 | 35,900,885 | 24,286,926 | 25,265,461 | 23,514,401 | 24,129,367 | 21,057,151 | 15,995,592 | 13,885,047 | 23,195,911 | 16,997,949 | 17,218,686 | 17,134,478 | 17,127,481 |
| Stock & work in progress | 284,363 | 278,215 | 292,387 | 361,136 | 308,026 | 270,343 | 254,840 | 256,286 | 198,469 | 107,692 | 108,845 | 129,442 | 159,565 | 146,383 |
| Trade Debtors | 77,876 | 100,156 | 29,314 | 42,092 | 227,210 | 318,986 | 81,019 | 98,068 | 81,569 | 123,400 | 90,531 | 92,550 | 66,767 | 223,244 |
| Group Debtors | 8,396,827 | 8,432,013 | 8,401,639 | 8,408,236 | 0 | 8,157,032 | 7,914,851 | 7,951,058 | 10,561,940 | 0 | 0 | 0 | 0 | 2,724 |
| Misc Debtors | 455,045 | 371,800 | 110,477 | 249,252 | 0 | 525,755 | 536,676 | 704,339 | 116,057 | 670,122 | 299,583 | 53,405 | 47,517 | 50,536 |
| Cash | 270,535 | 402,575 | 106,416 | 360 | 390,197 | 920,567 | 1,896 | 967 | 11,148 | 216,887 | 57,805 | 100,951 | 246,429 | 549,209 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,484,646 | 9,584,759 | 8,940,233 | 9,061,076 | 9,599,107 | 10,192,683 | 8,789,282 | 9,010,718 | 10,969,183 | 1,118,101 | 556,764 | 376,348 | 520,278 | 972,096 |
| total assets | 44,262,846 | 45,485,644 | 33,227,159 | 34,326,537 | 33,113,508 | 34,322,050 | 29,846,433 | 25,006,310 | 24,854,230 | 24,314,012 | 17,554,713 | 17,595,034 | 17,654,756 | 18,099,577 |
| Bank overdraft | 0 | 0 | 0 | 200,431 | 0 | 0 | 223,745 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 282,170 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 914,144 | 650,376 | 115,622 | 374,828 | 716,470 | 738,584 | 614,944 | 922,579 | 415,891 | 1,513,111 | 1,214,895 | 1,625,950 | 1,448,513 | 1,720,548 |
| Group/Directors Accounts | 9,999,447 | 11,433,578 | 11,429,176 | 7,457,477 | 0 | 4,741,565 | 4,218,497 | 3,178,490 | 0 | 0 | 0 | 0 | 0 | 46,875 |
| other short term finances | 0 | 0 | 0 | 0 | 7,565,046 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,520 | 4,269 | 33,829 | 33,829 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,045,848 | 1,878,939 | 1,753,948 | 971,771 | 0 | 1,438,674 | 1,594,459 | 1,309,946 | 1,565,547 | 705,656 | 603,303 | 442,309 | 562,873 | 504,682 |
| total current liabilities | 12,960,959 | 13,967,162 | 13,332,575 | 9,038,336 | 9,845,710 | 6,918,823 | 6,651,645 | 5,693,185 | 1,981,438 | 2,218,767 | 1,818,198 | 2,068,259 | 2,011,386 | 2,272,105 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 8,714 | 12,983 | 47,087 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,159,867 | 5,241,794 | 1,717,166 | 1,806,400 | 0 | 464,522 | 314,956 | 226,435 | 69,441 | 47,973 | 35,367 | 128,851 | 121,935 | 165,860 |
| total long term liabilities | 5,159,867 | 5,250,508 | 1,730,149 | 1,853,487 | 547,320 | 464,522 | 314,956 | 226,435 | 69,441 | 47,973 | 35,367 | 128,851 | 121,935 | 165,860 |
| total liabilities | 18,120,826 | 19,217,670 | 15,062,724 | 10,891,823 | 10,393,030 | 7,383,345 | 6,966,601 | 5,919,620 | 2,050,879 | 2,266,740 | 1,853,565 | 2,197,110 | 2,133,321 | 2,437,965 |
| net assets | 26,142,020 | 26,267,974 | 18,164,435 | 23,434,714 | 22,720,478 | 26,938,705 | 22,879,832 | 19,086,690 | 22,803,351 | 22,047,272 | 15,701,148 | 15,397,924 | 15,521,435 | 15,661,612 |
| total shareholders funds | 26,142,020 | 26,267,974 | 18,164,435 | 23,434,714 | 22,720,478 | 26,938,705 | 22,879,832 | 19,086,690 | 22,803,351 | 22,047,272 | 15,701,148 | 15,397,924 | 15,521,435 | 15,661,612 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,795,543 | 2,340,676 | -1,554,585 | 492,255 | 1,790,510 | 1,443,834 | 1,341,589 | 1,032,936 | 622,503 | 222,039 | 374,579 | 430,139 | 943,714 | |
| Depreciation | 1,240,876 | 1,041,218 | 1,053,139 | 1,023,285 | 1,019,415 | 846,868 | 542,478 | 376,624 | 387,766 | 376,577 | 387,646 | 403,183 | 453,502 | 446,445 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 81,927 | -273,295 | 238,374 | -49,707 | -1,988 | -63,543 | -208,733 | -56,715 | -274,530 | -231,198 | 81,484 | -9,509 | -1,082 | 204,251 |
| Stock | 6,148 | -14,172 | -68,749 | 53,110 | 37,683 | 15,503 | -1,446 | 57,817 | 90,777 | -1,153 | -20,597 | -30,123 | 13,182 | 146,383 |
| Debtors | 25,779 | 362,539 | -158,150 | 8,472,370 | -8,774,563 | 469,227 | -220,919 | -2,006,101 | 741,523 | 810,583 | 364,583 | 433,800 | 202,913 | 8,206,164 |
| Creditors | 263,768 | 534,754 | -259,206 | -341,642 | -22,114 | 123,640 | -307,635 | 506,688 | -1,097,220 | 298,216 | -411,055 | 177,437 | -272,035 | 1,720,548 |
| Accruals and Deferred Income | 166,909 | 124,991 | 782,177 | 971,771 | -1,438,674 | -155,785 | 284,513 | -255,601 | 859,891 | 102,353 | 160,994 | -120,564 | 58,191 | 504,682 |
| Deferred Taxes & Provisions | -81,927 | 3,524,628 | -89,234 | 1,806,400 | -464,522 | 149,566 | 88,521 | 156,994 | 21,468 | 12,606 | -93,484 | 6,916 | -43,925 | 165,860 |
| Cash flow from operations | 3,435,169 | 6,944,605 | 397,564 | -4,623,118 | 1,859,850 | 4,017,863 | 98,011 | 371,627 | 3,638 | 428,365 | 408,695 | -4,367,047 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,340,722 | -2,929,021 | -2,487,169 | 0 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -1,340,722 | -2,929,021 | -2,487,169 | 0 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -282,170 | 282,170 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,434,131 | 4,402 | 3,971,699 | 7,457,477 | -4,741,565 | 523,068 | 1,040,007 | 3,178,490 | 0 | 0 | 0 | 0 | -46,875 | 46,875 |
| Other Short Term Loans | 0 | 0 | 0 | -7,565,046 | 7,565,046 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -11,463 | -33,829 | -34,104 | 80,916 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -3,424 | -4,893 | -4,928 | -5,815 | 0 | 0 | -1,535 | -2,328 | -286 | -299 | -488,581 | -569,234 | 0 | |
| cash flow from financing | -1,449,018 | 9,006,731 | 3,783,527 | 1,245,035 | 3,201,650 | 3,432,853 | 3,459,125 | -2,327 | 5,954,819 | -299 | -488,581 | -616,109 | 14,560,522 | |
| cash and cash equivalents | ||||||||||||||
| cash | -132,040 | 296,159 | 106,056 | -389,837 | -530,370 | 918,671 | 929 | -10,181 | -205,739 | 159,082 | -43,146 | -145,478 | -302,780 | 549,209 |
| overdraft | 0 | 0 | -200,431 | 200,431 | 0 | -223,745 | 223,745 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -132,040 | 296,159 | 306,487 | -590,268 | -530,370 | 1,142,416 | -222,816 | -10,181 | -205,739 | 159,082 | -43,146 | -145,478 | -302,780 | 549,209 |
champneys forest mere limited Credit Report and Business Information
Champneys Forest Mere Limited Competitor Analysis
Perform a competitor analysis for champneys forest mere limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mid companies, companies in WC2B area or any other competitors across 12 key performance metrics.
champneys forest mere limited Ownership
CHAMPNEYS FOREST MERE LIMITED group structure
Champneys Forest Mere Limited has no subsidiary companies.
Ultimate parent company
1 parent
CHAMPNEYS FOREST MERE LIMITED
03047435
champneys forest mere limited directors
Champneys Forest Mere Limited currently has 2 directors. The longest serving directors include Mr Stephen Purdew (Dec 1995) and Mr Alan Whiteley (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Purdew | 65 years | Dec 1995 | - | Director | |
| Mr Alan Whiteley | United Kingdom | 49 years | Nov 2014 | - | Director |
P&L
April 2023turnover
9.5m
-4%
operating profit
1.8m
-23%
gross margin
84.6%
-0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
26.1m
0%
total assets
44.3m
-0.03%
cash
270.5k
-0.33%
net assets
Total assets minus all liabilities
champneys forest mere limited company details
company number
03047435
Type
Private limited with Share Capital
industry
93130 - Fitness facilities
incorporation date
April 1995
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
forest mere limited (April 2003)
centralglen limited (April 1995)
accountant
-
auditor
AZETS AUDIT SERVICES
address
16 great queen street, covent garden, london, WC2B 5AH
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
champneys forest mere limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 12 charges/mortgages relating to champneys forest mere limited. Currently there are 1 open charges and 11 have been satisfied in the past.
champneys forest mere limited Companies House Filings - See Documents
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