Pomanda estimates the enterprise value of 1 FORMULA FITNESS LTD at £585.7k based on a Turnover of £485k and 1.21x industry multiple (adjusted for size and gross margin).
1 formula fitness ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of 1 FORMULA FITNESS LTD at £0 based on an EBITDA of £-17.5k and a 5.44x industry multiple (adjusted for size and gross margin).
1 formula fitness ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of 1 FORMULA FITNESS LTD at £0 based on Net Assets of £-179.8k and 3.68x industry multiple (adjusted for liquidity).
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1 Formula Fitness LtdOverview
1 Formula Fitness Ltd is a live company located in hatch end, HA5 4HS with a Companies House number of 09275090. It operates in the fitness facilities sector, SIC Code 93130. Founded in October 2014, it's largest shareholder is
katharine anne lewis
with a 50% stake. 1 Formula Fitness Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£485k with
high
growth in recent years.
Pomanda's financial health check has awarded 1 Formula Fitness Ltd a 2.5 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
Health Rating2.5out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £485k, make it larger than the average company (£238.8k)
£485k - 1 Formula Fitness Ltd
£238.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.4%)
19% - 1 Formula Fitness Ltd
4.4% - Industry AVG
Production
with a gross margin of 83.5%, this company has a comparable cost of product (83.5%)
83.5% - 1 Formula Fitness Ltd
83.5% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (2.2%)
-3.9% - 1 Formula Fitness Ltd
2.2% - Industry AVG
Employees
with 13 employees, this is above the industry average (6)
13 - 1 Formula Fitness Ltd
6 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£18.4k)
£18.4k - 1 Formula Fitness Ltd
£18.4k - Industry AVG
Efficiency
resulting in sales per employee of £37.3k, this is less efficient (£61k)
£37.3k - 1 Formula Fitness Ltd
£61k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (16 days)
0 days - 1 Formula Fitness Ltd
16 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (87 days)
0 days - 1 Formula Fitness Ltd
87 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 1 Formula Fitness Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (20 weeks)
2 weeks - 1 Formula Fitness Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1299.7%, this is a higher level of debt than the average (87.5%)
1299.7% - 1 Formula Fitness Ltd
87.5% - Industry AVG
1 FORMULA FITNESS LTD financials
EXPORT
1 Formula Fitness Ltd's latest turnover from October 2023 is estimated at £485 thousand and the company has net assets of -£179.8 thousand. According to their latest financial statements, 1 Formula Fitness Ltd has 13 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Turnover
485,029
358,162
238,934
285,243
217,379
198,525
181,437
186,355
6,174
Other Income Or Grants
Cost Of Sales
79,875
58,831
9,979
50,471
30,404
25,712
20,681
22,227
718
Gross Profit
405,154
299,332
228,954
234,772
186,975
172,812
160,757
164,128
5,456
Admin Expenses
423,941
309,633
235,019
256,596
209,705
202,700
167,465
193,728
32,570
Operating Profit
-18,787
-10,301
-6,065
-21,824
-22,730
-29,888
-6,708
-29,600
-27,114
Interest Payable
2,638
2,250
1,499
789
198
Interest Receivable
328
102
9
5
3
11
4
3
3
Pre-Tax Profit
-21,097
-12,450
-7,556
-22,608
-22,925
-29,877
-6,704
-29,597
-27,111
Tax
Profit After Tax
-21,097
-12,450
-7,556
-22,608
-22,925
-29,877
-6,704
-29,597
-27,111
Dividends Paid
Retained Profit
-21,097
-12,450
-7,556
-22,608
-22,925
-29,877
-6,704
-29,597
-27,111
Employee Costs
239,148
184,627
165,337
152,852
73,094
64,427
63,162
63,452
17,384
Number Of Employees
13
11
9
8
4
4
4
4
1
EBITDA*
-17,504
-8,591
-4,170
-20,433
-21,801
-28,778
-5,311
-27,417
-25,831
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Tangible Assets
3,850
5,133
5,684
4,176
2,786
3,715
4,191
6,548
3,849
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,850
5,133
5,684
4,176
2,786
3,715
4,191
6,548
3,849
Stock & work in progress
Trade Debtors
1,168
1,014
540
17
97
Group Debtors
Misc Debtors
1,197
72
Cash
9,971
2,512
6,526
10,750
896
2,085
1,224
1,223
misc current assets
total current assets
11,139
4,723
7,138
10,767
896
2,085
1,224
1,320
total assets
14,989
9,856
12,822
14,943
2,786
4,611
6,276
7,772
5,169
Bank overdraft
4,465
2,631
20,002
5,873
Bank loan
Trade Creditors
1
1
1
32,180
Group/Directors Accounts
119,525
118,582
114,207
other short term finances
hp & lease commitments
other current liabilities
53,789
24,608
15,732
133,663
113,027
97,800
69,588
64,380
total current liabilities
177,780
145,822
129,940
153,665
118,900
97,800
69,588
64,380
32,180
loans
17,034
22,762
29,160
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
17,034
22,762
29,160
total liabilities
194,814
168,584
159,100
153,665
118,900
97,800
69,588
64,380
32,180
net assets
-179,825
-158,728
-146,278
-138,722
-116,114
-93,189
-63,312
-56,608
-27,011
total shareholders funds
-179,825
-158,728
-146,278
-138,722
-116,114
-93,189
-63,312
-56,608
-27,011
Oct 2023
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Operating Activities
Operating Profit
-18,787
-10,301
-6,065
-21,824
-22,730
-29,888
-6,708
-29,600
-27,114
Depreciation
1,283
1,710
1,895
1,391
929
1,110
1,397
2,183
1,283
Amortisation
Tax
Stock
Debtors
-1,043
1,599
595
17
-97
97
Creditors
1
-32,180
32,180
Accruals and Deferred Income
29,181
8,876
-117,931
20,636
15,227
28,212
5,208
64,380
Deferred Taxes & Provisions
Cash flow from operations
12,720
-1,314
-122,695
186
-6,574
-566
-103
4,880
6,252
Investing Activities
capital expenditure
-1,159
-3,403
-2,781
-634
960
-4,882
-5,132
Change in Investments
cash flow from investments
-1,159
-3,403
-2,781
-634
960
-4,882
-5,132
Financing Activities
Bank loans
Group/Directors Accounts
943
4,375
114,207
Other Short Term Loans
Long term loans
-5,728
-6,398
29,160
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
-2,310
-2,148
-1,490
-784
-195
11
4
3
3
cash flow from financing
-7,095
-4,171
141,877
-784
-195
11
4
3
103
cash and cash equivalents
cash
7,459
-4,014
-4,224
10,750
-896
-1,189
861
1
1,223
overdraft
1,834
2,631
-20,002
14,129
5,873
change in cash
5,625
-6,645
15,778
-3,379
-6,769
-1,189
861
1
1,223
1 formula fitness ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for 1 formula fitness ltd. Get real-time insights into 1 formula fitness ltd's credit score, group structure and payment trends.
Perform a competitor analysis for 1 formula fitness ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in HA5 area or any other competitors across 12 key performance metrics.
1 formula fitness ltd Ownership
1 FORMULA FITNESS LTD group structure
1 Formula Fitness Ltd has no subsidiary companies.
Ultimate parent company
1 FORMULA FITNESS LTD
09275090
1 FORMULA FITNESS LTD Shareholders
The largest shareholders in 1 Formula Fitness Ltd include Katharine Anne Lewis and Neil Jason Lewis.
katharine anne lewis
50%
neil jason lewis
50%
1 formula fitness ltd directors
1 Formula Fitness Ltd currently has 2 directors.
The longest serving directors include
Mr Neil Lewis (Oct 2014) and
Mrs Katherine Lewis (Oct 2014).
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 1 formula fitness ltd.
1 formula fitness ltd 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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1 formula fitness ltdCompanies House Filings - See Documents
