European Speed-fit Ltd.

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european speed-fit ltd. Company Information

Dissolved

Company Number

05543297

Next Accounts

Jan 2025

Industry

Activities of sport clubs

Directors

Torsten Danneberg

Shareholders

speed.fit management gmbh

Group Structure

View All

Contact

Registered Address

483 green lanes, london, N13 4BS

Website

www.speed-fit.de

european speed-fit ltd. Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of EUROPEAN SPEED-FIT LTD. at £1.5m based on a Turnover of £1.8m and 0.83x industry multiple (adjusted for size and gross margin).

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European Speed-fit Ltd. is a dissolved company that was located in london, N13 4BS with a Companies House number of 05543297. It operated in the activities of sport clubs sector, SIC Code 93120. Founded in August 2005, it's largest shareholder was speed.fit management gmbh with a 100% stake. The last turnover for European Speed-fit Ltd. was estimated at £1.8m.

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Pomanda's financial health check has awarded European Speed-Fit Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £1.8m, make it larger than the average company (£340.4k)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (-3.2%)

EXPORT

European Speed-Fit Ltd.'s latest turnover from December 2021 is estimated at £1.8 million and the company has net assets of £644 thousand. According to their latest financial statements, we estimate that European Speed-Fit Ltd. has 22 employees and maintains cash reserves of £31.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,816,250	2,318,941	2,048,730	2,453,044	5,095,773	5,630,740	5,610,925	5,211,169	3,961,051	3,457,764	3,673,254	2,849,003	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,269,304	1,510,119	1,304,172	1,576,447	3,072,122	3,476,897	3,639,207	3,350,553	2,596,258	2,478,037	2,594,078	1,923,698	0
Gross Profit	546,946	808,822	744,558	876,597	2,023,652	2,153,842	1,971,718	1,860,616	1,364,793	979,727	1,079,177	925,305	0
Admin Expenses	547,588	821,022	404,183	1,122,842	2,098,559	2,830,136	1,925,417	1,676,150	1,225,276	990,097	999,184	693,054	-313,303
Operating Profit	-642	-12,200	340,375	-246,245	-74,907	-676,294	46,301	184,466	139,517	-10,370	79,993	232,251	313,303
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	71	57	392	407	262	34	181	341	323	221	184	459	367
Pre-Tax Profit	-571	-12,143	340,767	-245,838	-74,645	-676,260	46,483	184,808	139,840	-10,149	80,177	232,710	313,669
Tax	0	0	-64,746	0	0	0	-9,296	-38,810	-32,163	0	-20,846	-65,159	-87,827
Profit After Tax	-571	-12,143	276,021	-245,838	-74,645	-676,260	37,186	145,998	107,677	-10,149	59,331	167,551	225,842
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-571	-12,143	276,021	-245,838	-74,645	-676,260	37,186	145,998	107,677	-10,149	59,331	167,551	225,842
Employee Costs	513,674	619,561	484,517	568,301	1,240,989	1,417,815	1,422,826	1,293,736	966,199	956,834	950,075	769,108	0
Number Of Employees	22	28	21	25	58	68	62	55	43	41	42	34	0
EBITDA*	3,698	-3,473	346,260	-236,062	-74,897	-676,294	55,273	204,310	161,718	12,246	107,052	249,856	330,072

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	65,068	75,530	79,212	89,705	98,819	81,205	74,765	87,249	111,475	124,892	141,437	152,339	159,304
Intangible Assets	0	0	0	0	0	3	3	315	1,182	2,518	3,981	5,533	2,567
Investments & Other	603,718	666,010	307,451	329,166	104,536	116,949	97,199	99,938	117,328	81,362	67,752	196,748	90,715
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	668,786	741,540	386,663	418,871	203,355	198,157	171,967	187,502	229,985	208,772	213,170	354,620	252,586
Stock & work in progress	5,507	8,078	4,893	9,526	10,817	6,114	7,068	9,679	6,563	5,211	8,616	6,376	15,844
Trade Debtors	314,583	372,160	287,848	359,351	691,644	777,838	630,451	679,603	436,659	348,790	361,713	303,967	169,582
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,675	1,930	2,217	0	0	0	0	0	0	0	0	0	0
Cash	31,210	25,848	87,470	17,050	91,388	13,251	13,767	58,688	77,841	51,418	36,927	36,790	146,746
misc current assets	0	0	0	3,695	5,317	2,936	4,591	1,579	6,556	5,237	1,089	377	1,222
total current assets	352,975	408,016	382,428	389,622	799,166	800,139	655,877	749,549	527,619	410,656	408,345	347,510	333,394
total assets	1,021,761	1,149,556	769,091	808,493	1,002,521	998,296	827,844	937,051	757,604	619,428	621,515	702,130	585,980
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	356,465	108,850	102,871	108,547	48,249	64,949	76,946	178,391	196,008	172,864	158,630	190,576	121,040
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	356,465	108,850	102,871	108,547	48,249	64,949	76,946	178,391	196,008	172,864	158,630	190,576	121,040
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	6,190	1,322	10,784	20,936	22,756	14,649	11,610	16,567	5,886	0	0	0	0
other liabilities	15,130	344,846	0	0	0	0	864	0	0	0	9,079	62,300	110,184
provisions	0	4,859	4,178	5,233	4,463	5,047	4,987	45,842	5,457	3,988	1,081	55,860	126,095
total long term liabilities	21,320	351,027	14,962	26,169	27,219	19,696	17,461	62,409	11,343	3,988	10,160	118,160	236,279
total liabilities	377,785	459,877	117,833	134,716	75,468	84,645	94,407	240,800	207,351	176,852	168,790	308,736	357,319
net assets	643,976	689,679	651,258	673,777	927,053	913,651	733,437	696,251	550,253	442,576	452,725	393,394	228,661
total shareholders funds	643,976	689,679	651,258	673,777	927,053	913,651	733,437	696,251	550,253	442,576	452,725	393,394	228,661

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-642	-12,200	340,375	-246,245	-74,907	-676,294	46,301	184,466	139,517	-10,370	79,993	232,251	313,303
Depreciation	4,340	8,727	5,885	10,183	10	0	8,678	19,053	20,811	21,255	25,662	16,858	16,192
Amortisation	0	0	0	0	0	0	294	791	1,390	1,361	1,397	747	577
Tax	0	0	-64,746	0	0	0	-9,296	-38,810	-32,163	0	-20,846	-65,159	-87,827
Stock	-2,571	3,185	-4,633	-1,291	4,703	-954	-2,611	3,116	1,352	-3,405	2,240	-9,468	15,844
Debtors	-57,832	84,025	-69,286	-332,293	-86,194	147,387	-49,152	242,944	87,869	-12,923	57,746	134,385	169,582
Creditors	247,615	5,979	-5,676	60,298	-16,700	-11,997	-101,445	-17,617	23,144	14,234	-31,946	69,536	121,040
Accruals and Deferred Income	4,868	-9,462	-10,152	-1,820	8,107	3,039	-4,957	10,681	5,886	0	0	0	0
Deferred Taxes & Provisions	-4,859	681	-1,055	770	-584	60	-40,855	40,385	1,469	2,907	-54,779	-70,235	126,095
Cash flow from operations	311,725	-93,485	338,550	156,770	-2,583	-831,625	-49,517	-47,111	70,833	45,715	-60,505	59,081	303,954
Investing Activities
capital expenditure	6,122	-5,045	4,608	-1,069	-17,621	-6,440	3,824	5,249	-7,448	-4,608	-14,605	-13,606	-178,640
Change in Investments	-62,292	358,559	-21,715	224,630	-12,413	19,750	-2,739	-17,390	35,966	13,610	-128,996	106,033	90,715
cash flow from investments	68,414	-363,604	26,323	-225,699	-5,208	-26,190	6,563	22,639	-43,414	-18,218	114,391	-119,639	-269,355
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-329,716	344,846	0	0	0	-864	864	0	0	-9,079	-53,221	-47,884	110,184
share issue	-45,132	50,564	-298,540	-7,438	88,047	856,474	0	0	0	0	0	-2,818	2,819
interest	71	57	392	407	262	34	181	341	323	221	184	459	367
cash flow from financing	-374,777	395,467	-298,148	-7,031	88,309	855,644	1,045	341	323	-8,858	-53,037	-50,243	113,370
cash and cash equivalents
cash	5,362	-61,622	70,420	-74,338	78,137	-516	-44,921	-19,153	26,423	14,491	137	-109,956	146,746
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	5,362	-61,622	70,420	-74,338	78,137	-516	-44,921	-19,153	26,423	14,491	137	-109,956	146,746

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for european speed-fit ltd. by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other undefined companies, companies in N13 area or any other competitors across 12 key performance metrics.

EUROPEAN SPEED-FIT LTD. group structure

European Speed-Fit Ltd. has no subsidiary companies.

Ultimate parent company

EUROPEAN SPEED-FIT LTD.

05543297

EUROPEAN SPEED-FIT LTD. Shareholders

speed.fit management gmbh

100%

European Speed-Fit Ltd. currently has 1 director, Mr Torsten Danneberg serving since Aug 2005.

officer	country	age	start	end	role
Mr Torsten Danneberg	Germany	58 years	Aug 2005	-	Director

P&L

December 2021

turnover

1.8m

-22%

operating profit

-642.3

gross margin

30.2%

-13.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2021

net assets

644k

-0.07%

total assets

-0.11%

cash

31.2k

+0.21%

net assets

Total assets minus all liabilities

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company number

05543297

Type

Private limited with Share Capital

industry

93120 - Activities of sport clubs

incorporation date

August 2005

ultimate parent company

None

previous names

N/A

address

483 green lanes, london, N13 4BS

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european speed-fit ltd. Company Information

european speed-fit ltd. Estimated Valuation

european speed-fit ltd. Estimated Valuation

european speed-fit ltd. Estimated Valuation

European Speed-fit Ltd. Overview

European Speed-fit Ltd. Health Check

EUROPEAN SPEED-FIT LTD. financials

european speed-fit ltd. Credit Report and Business Information

European Speed-fit Ltd. Competitor Analysis

european speed-fit ltd. Ownership

european speed-fit ltd. directors

european speed-fit ltd. company details

european speed-fit ltd. Charges & Mortgages

european speed-fit ltd. Capital Raised & Share Issues BETA

european speed-fit ltd. Companies House Filings - See Documents