fit8 limited
fit8 limited Company Information
Group Structure
View All
Industry
Other sports activities (not including activities of racehorse owners) n.e.c.
Registered Address
no 1 the high street, wimbledon village, london, SW19 5DX
Website
www.fit8.co.ukfit8 limited Estimated Valuation
Pomanda estimates the enterprise value of FIT8 LIMITED at £457.1k based on a Turnover of £645.9k and 0.71x industry multiple (adjusted for size and gross margin).
fit8 limited Estimated Valuation
Pomanda estimates the enterprise value of FIT8 LIMITED at £0 based on an EBITDA of £-19.6k and a 3.16x industry multiple (adjusted for size and gross margin).
fit8 limited Estimated Valuation
Pomanda estimates the enterprise value of FIT8 LIMITED at £0 based on Net Assets of £-178.6k and 2.04x industry multiple (adjusted for liquidity).
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Fit8 Limited Overview
Fit8 Limited is a live company located in london, SW19 5DX with a Companies House number of 07275298. It operates in the other sports activities sector, SIC Code 93199. Founded in June 2010, it's largest shareholder is laurence whelan with a 100% stake. Fit8 Limited is a established, small sized company, Pomanda has estimated its turnover at £645.9k with rapid growth in recent years.
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Fit8 Limited Health Check
Pomanda's financial health check has awarded Fit8 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £645.9k, make it larger than the average company (£525.3k)
- Fit8 Limited
£525.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (5.7%)
- Fit8 Limited
5.7% - Industry AVG
Production
with a gross margin of 20%, this company has a higher cost of product (42.5%)
- Fit8 Limited
42.5% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (2%)
- Fit8 Limited
2% - Industry AVG
Employees
with 6 employees, this is below the industry average (13)
6 - Fit8 Limited
13 - Industry AVG
Pay Structure
on an average salary of £27k, the company has an equivalent pay structure (£27k)
- Fit8 Limited
£27k - Industry AVG
Efficiency
resulting in sales per employee of £107.7k, this is more efficient (£65.9k)
- Fit8 Limited
£65.9k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (15 days)
- Fit8 Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 134 days, this is slower than average (31 days)
- Fit8 Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fit8 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fit8 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 213.7%, this is a higher level of debt than the average (38.7%)
213.7% - Fit8 Limited
38.7% - Industry AVG
FIT8 LIMITED financials
Fit8 Limited's latest turnover from March 2023 is estimated at £645.9 thousand and the company has net assets of -£178.6 thousand. According to their latest financial statements, Fit8 Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 624,562 | 442,512 | 332,555 | 17,706 | 48,083 | ||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 260,186 | 214,464 | 171,690 | 1,768 | 8,464 | ||||||||
| Gross Profit | 364,376 | 228,048 | 160,865 | 15,938 | 39,619 | ||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | 134,344 | 24,089 | 7,497 | -3,818 | -4 | ||||||||
| Tax | -28,213 | -600 | |||||||||||
| Profit After Tax | 106,131 | 23,489 | 7,497 | -3,818 | -4 | ||||||||
| Dividends Paid | 58,000 | 32,200 | 14,201 | ||||||||||
| Retained Profit | 48,131 | -8,711 | -6,704 | -3,818 | -4 | ||||||||
| Employee Costs | 290,186 | 241,564 | 171,690 | 8,181 | 28,648 | ||||||||
| Number Of Employees | 6 | 7 | 9 | 9 | 8 | 14 | 10 | 10 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,683 | 11,668 | 15,402 | 20,066 | 25,497 | 24,647 | 43,867 | 18,457 | 24,498 | 25,709 | |||
| Intangible Assets | 42,033 | 79,568 | 117,102 | 154,636 | 192,168 | 229,704 | 267,238 | 304,772 | 338,636 | ||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 13,683 | 53,701 | 94,970 | 137,168 | 180,133 | 216,815 | 273,571 | 285,695 | 329,270 | 364,345 | |||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 142,708 | 491 | 900 | 668 | 125 | 935 | |||||||
| Group Debtors | 9,713 | ||||||||||||
| Misc Debtors | 745 | 113,291 | 36,841 | 1,272 | 2,124 | 16,369 | 7,954 | 145,755 | 3,584 | 899 | 100 | ||
| Cash | 1,445 | 895 | 894 | 894 | 594 | 440 | 1,488 | 1,316 | 11,636 | 1,666 | 4,277 | ||
| misc current assets | |||||||||||||
| total current assets | 143,453 | 114,736 | 37,736 | 2,166 | 3,509 | 17,863 | 9,062 | 147,243 | 5,025 | 22,284 | 2,565 | 4,377 | |
| total assets | 157,136 | 168,437 | 132,706 | 139,334 | 183,642 | 234,678 | 282,633 | 432,938 | 334,295 | 386,629 | 2,565 | 4,377 | |
| Bank overdraft | 19,697 | 6,556 | 22,582 | 19,440 | 11,329 | 16,417 | 5,081 | 17,058 | 18,279 | ||||
| Bank loan | 5,080 | 2,500 | 11,894 | 13,495 | 11,473 | 12,205 | |||||||
| Trade Creditors | 189,902 | 11,095 | 5,691 | 21,092 | 20,745 | 20,971 | 36,990 | 49,459 | 57,519 | 40,845 | 2,897 | 796 | |
| Group/Directors Accounts | 155 | ||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 141,046 | 118,057 | 103,727 | 81,780 | 72,638 | 88,136 | 108,166 | 23,242 | 24,369 | 3,390 | 3,330 | ||
| total current liabilities | 189,902 | 176,918 | 132,804 | 159,295 | 135,460 | 116,411 | 141,543 | 174,911 | 97,819 | 83,493 | 6,287 | 4,281 | |
| loans | 42,427 | 47,500 | 25,856 | 37,750 | 51,244 | 256,368 | 314,317 | ||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | 4,260 | ||||||||||||
| other liabilities | 141,587 | 104,608 | 104,609 | 113,468 | 140,048 | 166,628 | 193,208 | 229,788 | |||||
| provisions | |||||||||||||
| total long term liabilities | 145,847 | 147,035 | 152,109 | 139,324 | 177,798 | 217,872 | 193,208 | 229,788 | 256,368 | 314,317 | |||
| total liabilities | 335,749 | 323,953 | 284,913 | 298,619 | 313,258 | 334,283 | 334,751 | 404,699 | 354,187 | 397,810 | 6,287 | 4,281 | |
| net assets | -178,613 | -155,516 | -152,207 | -159,285 | -129,616 | -99,605 | -52,118 | 28,239 | -19,892 | -11,181 | -3,722 | 96 | |
| total shareholders funds | -178,613 | -155,516 | -152,207 | -159,285 | -129,616 | -99,605 | -52,118 | 28,239 | -19,892 | -11,181 | -3,722 | 96 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 3,735 | 5,162 | 6,716 | 12,384 | 37,534 | 21,722 | 6,153 | 6,795 | 837 | ||||
| Amortisation | 37,534 | 37,534 | 37,534 | 37,534 | 20,370 | 37,534 | 37,534 | 33,864 | 36,707 | ||||
| Tax | -28,213 | -600 | |||||||||||
| Stock | |||||||||||||
| Debtors | 30,162 | 76,450 | 35,569 | -1,343 | -14,654 | 8,647 | -137,133 | 142,046 | -6,939 | 10,648 | -899 | 799 | 100 |
| Creditors | 178,807 | 5,404 | -15,401 | 347 | -226 | -16,019 | -12,469 | -8,060 | 16,674 | 40,845 | -2,897 | 2,101 | 796 |
| Accruals and Deferred Income | -136,786 | 22,989 | 14,330 | 21,947 | 9,142 | -15,498 | -20,030 | 84,924 | -1,127 | 24,369 | -3,390 | 60 | 3,330 |
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -5,080 | 2,580 | -9,394 | -1,601 | 2,022 | 11,473 | -12,205 | 12,205 | |||||
| Group/Directors Accounts | -155 | 155 | |||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | -42,427 | -5,073 | 21,644 | -11,894 | -13,494 | 51,244 | -256,368 | -57,949 | 314,317 | ||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | 36,979 | -1 | -8,859 | -26,580 | -26,580 | -26,580 | -36,580 | 229,788 | |||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | 309,840 | -155 | 255 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -1,445 | 550 | 1 | 300 | 154 | -1,048 | 172 | -10,320 | 11,636 | -1,666 | -2,611 | 4,277 | |
| overdraft | -19,697 | 13,141 | -16,026 | 3,142 | 8,111 | -5,088 | 11,336 | -11,977 | -1,221 | 18,279 | |||
| change in cash | 18,252 | -12,591 | 16,027 | -3,142 | -7,811 | 5,242 | -12,384 | 12,149 | -9,099 | -6,643 | -1,666 | -2,611 | 4,277 |
fit8 limited Credit Report and Business Information
Fit8 Limited Competitor Analysis
Perform a competitor analysis for fit8 limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in SW19 area or any other competitors across 12 key performance metrics.
fit8 limited Ownership
FIT8 LIMITED group structure
Fit8 Limited has no subsidiary companies.
Ultimate parent company
FIT8 LIMITED
07275298
fit8 limited directors
Fit8 Limited currently has 1 director, Mr Laurence Whelan serving since Jun 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Laurence Whelan | United Kingdom | 52 years | Jun 2010 | - | Director |
P&L
March 2023turnover
645.9k
+350%
operating profit
-19.6k
0%
gross margin
20%
-12.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-178.6k
+0.15%
total assets
157.1k
-0.07%
cash
0
-1%
net assets
Total assets minus all liabilities
fit8 limited company details
company number
07275298
Type
Private limited with Share Capital
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
June 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
fit hotels limited (May 2013)
accountant
-
auditor
-
address
no 1 the high street, wimbledon village, london, SW19 5DX
Bank
-
Legal Advisor
-
fit8 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 did not find charges/mortgages relating to fit8 limited.
fit8 limited 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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fit8 limited Companies House Filings - See Documents
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