mind gym plc
mind gym plc Company Information
Company Number
03833448
Next Accounts
Sep 2025
Shareholders
equiniti as registrar. please contact to see register
octavius black
Group Structure
View All
Industry
Management consultancy activities (other than financial management)
Registered Address
160 kensington high street, london, W8 7RG
Website
www.uk.themindgym.commind gym plc Estimated Valuation
Pomanda estimates the enterprise value of MIND GYM PLC at £55.4m based on a Turnover of £44.9m and 1.23x industry multiple (adjusted for size and gross margin).
mind gym plc Estimated Valuation
Pomanda estimates the enterprise value of MIND GYM PLC at £0 based on an EBITDA of £-9.2m and a 10.64x industry multiple (adjusted for size and gross margin).
mind gym plc Estimated Valuation
Pomanda estimates the enterprise value of MIND GYM PLC at £30.9m based on Net Assets of £11.8m and 2.61x industry multiple (adjusted for liquidity).
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Mind Gym Plc Overview
Mind Gym Plc is a live company located in london, W8 7RG with a Companies House number of 03833448. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in August 1999, it's largest shareholder is equiniti as registrar. please contact to see register with a 100% stake. Mind Gym Plc is a mature, large sized company, Pomanda has estimated its turnover at £44.9m with healthy growth in recent years.
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Mind Gym Plc Health Check
Pomanda's financial health check has awarded Mind Gym Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £44.9m, make it larger than the average company (£429.5k)
£44.9m - Mind Gym Plc
£429.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (10.5%)
4% - Mind Gym Plc
10.5% - Industry AVG
Production
with a gross margin of 86.2%, this company has a lower cost of product (58.3%)
86.2% - Mind Gym Plc
58.3% - Industry AVG
Profitability
an operating margin of -26.7% make it less profitable than the average company (8.4%)
-26.7% - Mind Gym Plc
8.4% - Industry AVG
Employees
with 331 employees, this is above the industry average (5)
331 - Mind Gym Plc
5 - Industry AVG
Pay Structure
on an average salary of £101.2k, the company has a higher pay structure (£49.1k)
£101.2k - Mind Gym Plc
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £135.7k, this is more efficient (£116.8k)
£135.7k - Mind Gym Plc
£116.8k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (63 days)
63 days - Mind Gym Plc
63 days - Industry AVG
Creditor Days
its suppliers are paid after 499 days, this is slower than average (25 days)
499 days - Mind Gym Plc
25 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (24 days)
2 days - Mind Gym Plc
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (27 weeks)
7 weeks - Mind Gym Plc
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.1%, this is a lower level of debt than the average (52.7%)
47.1% - Mind Gym Plc
52.7% - Industry AVG
MIND GYM PLC financials
Mind Gym Plc's latest turnover from March 2024 is £44.9 million and the company has net assets of £11.8 million. According to their latest financial statements, Mind Gym Plc has 331 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 44,914,000 | 55,011,000 | 48,668,000 | 39,383,000 | 48,249,000 | 42,133,000 | 36,967,000 | 30,612,578 | 25,033,117 | 19,834,373 | 16,464,648 | 11,618,059 | 10,040,906 | 6,718,202 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 6,194,000 | 6,360,000 | 6,284,000 | 4,967,000 | 9,680,000 | 8,192,000 | 7,635,000 | 6,838,527 | 6,486,399 | 5,205,608 | 4,825,135 | 3,600,906 | 2,021,853 | 694,444 | |
| Gross Profit | 38,720,000 | 48,651,000 | 42,384,000 | 34,416,000 | 38,569,000 | 33,941,000 | 29,332,000 | 23,774,051 | 18,546,718 | 14,628,765 | 11,639,513 | 8,017,153 | 8,019,053 | 6,023,758 | |
| Admin Expenses | 50,734,000 | 45,568,000 | 42,733,000 | 34,635,000 | 31,147,000 | 28,811,000 | 23,168,000 | 19,159,737 | 16,683,155 | 13,126,425 | 10,816,858 | 9,070,558 | 7,468,543 | 5,172,794 | |
| Operating Profit | -12,014,000 | 3,083,000 | -349,000 | -219,000 | 7,422,000 | 5,130,000 | 6,164,000 | 4,614,314 | 1,863,563 | 1,502,340 | 822,655 | -1,053,405 | 550,510 | 850,964 | |
| Interest Payable | 163,000 | 174,000 | 152,000 | 167,000 | 75,000 | 2,000 | 2,617 | 43,356 | 12,814 | 19,476 | 9,155 | 5,894 | |||
| Interest Receivable | 30,000 | 55,000 | 19,000 | 30,000 | 51,000 | 27,352 | 19,582 | 2,685 | 3,887 | 2,456 | 10,766 | ||||
| Pre-Tax Profit | -12,147,000 | 2,964,000 | -482,000 | -356,000 | 7,398,000 | 5,130,000 | 6,162,000 | 4,623,927 | 1,847,559 | 1,509,108 | 805,864 | -1,058,673 | 552,966 | 855,836 | |
| Tax | 1,259,000 | -29,000 | 2,084,000 | 124,000 | -1,493,000 | -1,179,000 | -1,786,000 | -1,264,206 | -290,062 | -346,712 | -251,518 | 202,916 | -63,578 | -154,148 | |
| Profit After Tax | -10,888,000 | 2,935,000 | 1,602,000 | -232,000 | 5,905,000 | 3,951,000 | 4,376,000 | 3,359,721 | 1,557,497 | 1,162,396 | 554,346 | -855,757 | 489,388 | 701,688 | |
| Dividends Paid | 2,487,000 | 3,793,000 | 3,793,000 | 310,000 | 1,250,000 | 350,000 | 100,000 | 200,000 | |||||||
| Retained Profit | -10,888,000 | 2,935,000 | 1,602,000 | -232,000 | 3,418,000 | 158,000 | 583,000 | 3,049,721 | 307,497 | 812,396 | 454,346 | -855,757 | 289,388 | 701,688 | |
| Employee Costs | 33,511,000 | 34,962,000 | 32,977,000 | 26,491,000 | 23,786,000 | 19,194,000 | 16,357,000 | 13,788,032 | 11,482,910 | 8,728,090 | 6,800,997 | 5,652,065 | 4,816,592 | 3,556,300 | |
| Number Of Employees | 331 | 341 | 332 | 251 | 247 | 208 | 184 | 195 | 158 | 128 | 123 | 89 | 68 | 48 | |
| EBITDA* | -9,226,000 | 5,294,000 | 1,228,000 | 917,000 | 8,583,000 | 5,245,000 | 6,375,000 | 5,036,196 | 2,293,476 | 1,872,453 | 1,387,665 | -649,363 | 791,790 | 941,152 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,662,000 | 10,379,000 | 5,878,000 | 4,205,000 | 5,132,000 | 776,000 | 2,089,000 | 93,033 | 170,388 | 175,844 | 268,711 | 406,448 | 123,528 | 61,213 | 21,664 |
| Intangible Assets | 8,252,000 | 12,320,000 | 8,175,000 | 2,877,000 | 95,000 | 445,000 | 325,000 | 215,306 | 224,578 | 237,656 | 187,319 | 258,585 | 244,041 | 169,964 | 9,774 |
| Investments & Other | 99,475 | 50,370 | |||||||||||||
| Debtors (Due After 1 year) | 2,281,000 | 3,459,000 | 3,063,000 | 569,000 | 652,000 | ||||||||||
| Total Fixed Assets | 12,633,000 | 19,470,000 | 14,053,000 | 6,852,000 | 5,142,000 | 1,221,000 | 2,414,000 | 407,814 | 394,966 | 413,500 | 456,030 | 665,033 | 367,569 | 231,177 | 81,808 |
| Stock & work in progress | 40,000 | 53,000 | 7,000 | 73,000 | 53,000 | 261,000 | 280,378 | 168,472 | 263,209 | 102,908 | 36,701 | 25,474 | 14,395 | ||
| Trade Debtors | 7,787,000 | 9,527,000 | 7,787,000 | 8,911,000 | 7,932,000 | 11,563,000 | 11,403,000 | 6,724,818 | 5,181,737 | 2,951,439 | 2,455,637 | 1,665,897 | 1,443,312 | 987,700 | 1,135,527 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,276,000 | 1,709,000 | 2,199,000 | 1,098,000 | 396,000 | 3,201,451 | 2,510,019 | 1,889,358 | 1,607,933 | 1,251,980 | 1,124,406 | 309,843 | |||
| Cash | 1,369,000 | 7,587,000 | 10,021,000 | 16,833,000 | 15,952,000 | 8,294,000 | 5,542,000 | 3,667,495 | 2,597,501 | 2,122,815 | 1,075,781 | 586,670 | 1,839,604 | 2,417,137 | 1,824,622 |
| misc current assets | 1,196,000 | 88,000 | |||||||||||||
| total current assets | 9,747,000 | 17,946,000 | 20,585,000 | 27,733,000 | 26,156,000 | 22,204,000 | 17,690,000 | 13,874,142 | 10,457,729 | 7,226,821 | 5,242,259 | 3,541,248 | 4,432,796 | 3,729,075 | 2,960,149 |
| total assets | 22,380,000 | 37,416,000 | 34,638,000 | 34,585,000 | 31,298,000 | 23,425,000 | 20,104,000 | 14,281,956 | 10,852,695 | 7,640,321 | 5,698,289 | 4,206,281 | 4,800,365 | 3,960,252 | 3,041,957 |
| Bank overdraft | 62,784 | ||||||||||||||
| Bank loan | 51,199 | 68,496 | 68,496 | 75,306 | |||||||||||
| Trade Creditors | 8,474,000 | 11,423,000 | 1,401,000 | 2,514,000 | 1,997,000 | 2,203,000 | 1,261,000 | 1,192,812 | 1,303,879 | 1,109,211 | 1,107,272 | 717,688 | 532,512 | 161,236 | 1,734,455 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 50,000 | ||||||||||||||
| hp & lease commitments | 980,000 | 1,121,000 | 856,000 | 1,085,000 | 914,000 | ||||||||||
| other current liabilities | 51,000 | 70,000 | 11,406,000 | 11,453,000 | 7,358,000 | 7,542,000 | 6,654,000 | 6,846,895 | 6,245,147 | 3,658,212 | 2,533,838 | 1,801,393 | 2,052,372 | 1,897,506 | |
| total current liabilities | 9,505,000 | 12,614,000 | 13,663,000 | 15,052,000 | 10,269,000 | 9,795,000 | 7,915,000 | 8,090,906 | 7,617,522 | 4,835,919 | 3,716,416 | 2,581,865 | 2,584,884 | 2,058,742 | 1,734,455 |
| loans | 2,076,000 | 3,976,000 | 2,698,000 | 4,162,000 | 6,944,000 | 72,223 | 135,007 | 190,982 | 266,288 | ||||||
| hp & lease commitments | 1,038,000 | 1,988,000 | 1,349,000 | 2,081,000 | 3,472,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 176,467 | ||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,038,000 | 1,988,000 | 1,349,000 | 2,081,000 | 3,472,000 | 72,223 | 135,007 | 190,982 | 266,288 | 176,467 | |||||
| total liabilities | 10,543,000 | 14,602,000 | 15,012,000 | 17,133,000 | 13,741,000 | 9,795,000 | 7,915,000 | 8,090,906 | 7,689,745 | 4,970,926 | 3,907,398 | 2,848,153 | 2,584,884 | 2,058,742 | 1,910,922 |
| net assets | 11,837,000 | 22,814,000 | 19,626,000 | 17,452,000 | 17,557,000 | 13,630,000 | 12,189,000 | 6,191,050 | 3,162,950 | 2,669,395 | 1,790,891 | 1,358,128 | 2,215,481 | 1,901,510 | 1,131,035 |
| total shareholders funds | 11,837,000 | 22,814,000 | 19,626,000 | 17,452,000 | 17,557,000 | 13,630,000 | 12,189,000 | 6,191,050 | 3,162,950 | 2,669,395 | 1,790,891 | 1,358,128 | 2,215,481 | 1,901,510 | 1,131,035 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -12,014,000 | 3,083,000 | -349,000 | -219,000 | 7,422,000 | 5,130,000 | 6,164,000 | 4,614,314 | 1,863,563 | 1,502,340 | 822,655 | -1,053,405 | 550,510 | 850,964 | |
| Depreciation | 1,173,000 | 1,468,000 | 1,252,000 | 1,084,000 | 717,000 | 22,000 | 83,000 | 209,547 | 176,551 | 168,495 | 215,853 | 140,996 | 64,784 | 32,299 | 42,907 |
| Amortisation | 1,615,000 | 743,000 | 325,000 | 52,000 | 444,000 | 93,000 | 128,000 | 212,335 | 253,362 | 201,618 | 349,157 | 263,046 | 176,496 | 57,889 | 9,871 |
| Tax | 1,259,000 | -29,000 | 2,084,000 | 124,000 | -1,493,000 | -1,179,000 | -1,786,000 | -1,264,206 | -290,062 | -346,712 | -251,518 | 202,916 | -63,578 | -154,148 | |
| Stock | -13,000 | 46,000 | 7,000 | -73,000 | 20,000 | -208,000 | -19,378 | 111,906 | -94,737 | 160,301 | 66,207 | 11,227 | 11,079 | 14,395 | |
| Debtors | -2,918,000 | -140,000 | 1,937,000 | 406,000 | -1,878,000 | 862,000 | 1,872,731 | 2,234,513 | 2,850,959 | 777,227 | 1,145,693 | 350,159 | 1,270,175 | 162,016 | 1,135,527 |
| Creditors | -2,949,000 | 10,022,000 | -1,113,000 | 517,000 | -206,000 | 942,000 | 68,188 | -111,067 | 194,668 | 1,939 | 389,584 | 185,176 | 371,276 | -1,573,219 | 1,734,455 |
| Accruals and Deferred Income | -19,000 | -11,336,000 | -47,000 | 4,095,000 | -184,000 | 888,000 | -192,895 | 601,748 | 2,586,935 | 1,124,374 | 732,445 | -250,979 | 154,866 | 1,897,506 | |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -8,004,000 | 4,045,000 | 208,000 | 5,320,000 | 8,558,000 | 5,242,000 | 2,610,940 | 1,916,252 | 2,028,795 | 1,714,526 | 1,046,276 | -873,636 | -26,900 | 934,880 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -335,255 | -484,480 | -325,810 | -349,187 | -701,506 | -389,571 | -459,134 | ||||||||
| Change in Investments | -99,475 | 99,475 | -50,370 | 50,370 | |||||||||||
| cash flow from investments | -434,730 | -484,480 | -325,810 | -349,187 | -701,506 | -389,571 | -408,764 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -51,199 | -17,297 | -6,810 | 75,306 | |||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -50,000 | 50,000 | |||||||||||||
| Long term loans | -1,900,000 | 1,278,000 | -1,464,000 | -2,782,000 | 6,944,000 | -72,223 | -62,784 | -55,975 | -75,306 | 266,288 | |||||
| Hire Purchase and Lease Commitments | -1,091,000 | 904,000 | -961,000 | -1,220,000 | 4,386,000 | ||||||||||
| other long term liabilities | -176,467 | 176,467 | |||||||||||||
| share issue | |||||||||||||||
| interest | -133,000 | -119,000 | -133,000 | -137,000 | -24,000 | -2,000 | -2,617 | -16,004 | 6,768 | -16,791 | -5,268 | 2,456 | 4,872 | ||
| cash flow from financing | -3,213,000 | 2,316,000 | -1,986,000 | -4,012,000 | 11,765,000 | 1,333,000 | 5,361,751 | -113,758 | 107,270 | 10,091 | -38,374 | 259,424 | 27,039 | -102,808 | |
| cash and cash equivalents | |||||||||||||||
| cash | -6,218,000 | -2,434,000 | -6,812,000 | 881,000 | 7,658,000 | 2,752,000 | 1,874,505 | 1,069,994 | 474,686 | 1,047,034 | 489,111 | -1,252,934 | -577,533 | 592,515 | 1,824,622 |
| overdraft | -62,784 | 62,784 | |||||||||||||
| change in cash | -6,218,000 | -2,434,000 | -6,812,000 | 881,000 | 7,658,000 | 2,752,000 | 1,874,505 | 1,069,994 | 474,686 | 1,047,034 | 551,895 | -1,315,718 | -577,533 | 592,515 | 1,824,622 |
mind gym plc Credit Report and Business Information
Mind Gym Plc Competitor Analysis
Perform a competitor analysis for mind gym plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in W 8 area or any other competitors across 12 key performance metrics.
mind gym plc Ownership
MIND GYM PLC group structure
Mind Gym Plc has no subsidiary companies.
Ultimate parent company
MIND GYM PLC
03833448
mind gym plc directors
Mind Gym Plc currently has 7 directors. The longest serving directors include Mr Octavius Black (Sep 2000) and Mr Sebastian Bailey (Feb 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Octavius Black | England | 56 years | Sep 2000 | - | Director |
| Mr Sebastian Bailey | 50 years | Feb 2001 | - | Director | |
| Mr David Nelson | 62 years | Apr 2014 | - | Director | |
| Ms Sally-Ann Tilleray | 62 years | Jun 2018 | - | Director | |
| Sir Mark Phillips | United Kingdom | 71 years | Oct 2020 | - | Director |
| Mr Christoffer Ellehuus | 52 years | Apr 2024 | - | Director | |
| Ms Emily Fyffe | 35 years | Oct 2024 | - | Director |
P&L
March 2024turnover
44.9m
-18%
operating profit
-12m
-490%
gross margin
86.3%
-2.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
11.8m
-0.48%
total assets
22.4m
-0.4%
cash
1.4m
-0.82%
net assets
Total assets minus all liabilities
mind gym plc company details
company number
03833448
Type
Public limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
August 1999
age
26
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
mind gym limited (June 2018)
the mind gym limited (March 2012)
accountant
-
auditor
BDO LLP
address
160 kensington high street, london, W8 7RG
Bank
HSBC BANK PLC
Legal Advisor
KENNEDY CATER LLP
mind gym plc 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 3 charges/mortgages relating to mind gym plc. Currently there are 1 open charges and 2 have been satisfied in the past.
mind gym plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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mind gym plc Companies House Filings - See Documents
| date | description | view/download |
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