digme fitness limited
digme fitness limited Company Information
Company Number
09631514
Website
www.digmefitness.comRegistered Address
22 york buildings, london, WC2N 6JU
Industry
Fitness facilities
Telephone
02037457270
Next Accounts Due
July 2024
Group Structure
View All
Shareholders
aldbridge services london limited 44.1%
caoimhe bebhinn bamber 8.2%
View Alldigme fitness limited Estimated Valuation
Pomanda estimates the enterprise value of DIGME FITNESS LIMITED at £1.1m based on a Turnover of £1.4m and 0.78x industry multiple (adjusted for size and gross margin).
digme fitness limited Estimated Valuation
Pomanda estimates the enterprise value of DIGME FITNESS LIMITED at £0 based on an EBITDA of £-881.3k and a 2.41x industry multiple (adjusted for size and gross margin).
digme fitness limited Estimated Valuation
Pomanda estimates the enterprise value of DIGME FITNESS LIMITED at £8.2m based on Net Assets of £2.4m and 3.4x industry multiple (adjusted for liquidity).
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Digme Fitness Limited Overview
Digme Fitness Limited is a dissolved company that was located in london, WC2N 6JU with a Companies House number of 09631514. It operated in the fitness facilities sector, SIC Code 93130. Founded in June 2015, it's largest shareholder was aldbridge services london limited with a 44.1% stake. The last turnover for Digme Fitness Limited was estimated at £1.4m.
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Digme Fitness Limited Health Check
Pomanda's financial health check has awarded Digme Fitness Limited 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 £2.5m, make it larger than the average company (£345.1k)
£2.5m - Digme Fitness Limited
£345.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 139%, show it is growing at a faster rate (5.2%)
- Digme Fitness Limited
5.2% - Industry AVG
Production
with a gross margin of 32.1%, this company has a higher cost of product (83.6%)
32.1% - Digme Fitness Limited
83.6% - Industry AVG
Profitability
an operating margin of -95.4% make it less profitable than the average company (6.9%)
-95.4% - Digme Fitness Limited
6.9% - Industry AVG
Employees
with 79 employees, this is above the industry average (14)
79 - Digme Fitness Limited
14 - Industry AVG
Pay Structure
on an average salary of £15.3k, the company has an equivalent pay structure (£17.8k)
£15.3k - Digme Fitness Limited
£17.8k - Industry AVG
Efficiency
resulting in sales per employee of £31.8k, this is less efficient (£53k)
£31.8k - Digme Fitness Limited
£53k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (18 days)
5 days - Digme Fitness Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is quicker than average (149 days)
68 days - Digme Fitness Limited
149 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (16 days)
2 days - Digme Fitness Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (16 weeks)
22 weeks - Digme Fitness Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.8%, this is a lower level of debt than the average (79%)
44.8% - Digme Fitness Limited
79% - Industry AVG
DIGME FITNESS LIMITED financials
Digme Fitness Limited's latest turnover from December 2019 is £1.4 million and the company has net assets of £2.4 million. According to their latest financial statements, Digme Fitness Limited has 95 employees and maintains cash reserves of £111.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|
| Turnover | 1,434,135 | 2,511,877 | |||
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 1,076,838 | 1,704,783 | |||
| Gross Profit | 357,297 | 807,094 | |||
| Admin Expenses | 1,755,421 | 3,202,861 | |||
| Operating Profit | -1,398,124 | -2,395,767 | |||
| Interest Payable | 20,975 | 37,408 | |||
| Interest Receivable | 211 | 2,145 | |||
| Pre-Tax Profit | -1,418,888 | -2,431,030 | |||
| Tax | 46,554 | 49,667 | |||
| Profit After Tax | -1,372,334 | -2,381,363 | |||
| Dividends Paid | 0 | 0 | |||
| Retained Profit | -1,372,334 | -2,381,363 | |||
| Employee Costs | 723,355 | 1,208,937 | |||
| Number Of Employees | 95 | 79 | 36 | 14 | 4 |
| EBITDA* | -881,340 | -1,611,530 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|
| Tangible Assets | 3,240,597 | 3,372,319 | 2,566,464 | 2,071,310 | 509,145 |
| Intangible Assets | 1,309,554 | 1,444,753 | 72,381 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 576,756 | 334,756 | 334,756 | 184,756 | 99,756 |
| Total Fixed Assets | 5,126,907 | 5,151,828 | 2,973,601 | 2,256,066 | 608,901 |
| Stock & work in progress | 36,849 | 12,442 | 2,728 | 1,658 | 9,334 |
| Trade Debtors | 41,127 | 39,192 | 64,521 | 14,315 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 442,985 | 318,102 | 238,783 | 306,259 | 119,469 |
| Cash | 111,690 | 863,320 | 1,597,669 | 500,588 | 118,333 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 632,651 | 1,233,056 | 1,903,701 | 822,820 | 247,136 |
| total assets | 5,759,558 | 6,384,884 | 4,877,302 | 3,078,886 | 856,037 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 471,682 | 319,843 | 290,746 | 284,634 | 338,519 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 41,667 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 125,012 | 70,874 | 46,999 | 49,619 | 23,587 |
| other current liabilities | 1,360,574 | 1,647,603 | 676,912 | 331,990 | 30,877 |
| total current liabilities | 1,998,935 | 2,038,320 | 1,014,657 | 666,243 | 392,983 |
| loans | 855,257 | 546,152 | 0 | 0 | 0 |
| hp & lease commitments | 321,538 | 101,644 | 133,356 | 154,477 | 94,349 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 28,950 | 28,950 | 28,950 | 0 |
| provisions | 168,549 | 148,119 | 137,785 | 0 | 0 |
| total long term liabilities | 1,345,344 | 824,865 | 300,091 | 183,427 | 94,349 |
| total liabilities | 3,344,279 | 2,863,185 | 1,314,748 | 849,670 | 487,332 |
| net assets | 2,415,279 | 3,521,699 | 3,562,554 | 2,229,216 | 368,705 |
| total shareholders funds | 2,415,279 | 3,521,699 | 3,562,554 | 2,229,216 | 368,705 |
| Dec 2019 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -1,398,124 | -2,395,767 | |||
| Depreciation | 355,758 | 640,705 | 405,367 | 165,949 | 11,717 |
| Amortisation | 161,026 | 143,532 | 8,007 | 0 | 0 |
| Tax | 46,554 | 49,667 | |||
| Stock | 34,121 | 9,714 | 1,070 | -7,676 | 9,334 |
| Debtors | 422,808 | 53,990 | 132,730 | 286,105 | 219,225 |
| Creditors | 180,936 | 29,097 | 6,112 | -53,885 | 338,519 |
| Accruals and Deferred Income | 683,662 | 970,691 | 344,922 | 301,113 | 30,877 |
| Deferred Taxes & Provisions | 30,764 | 10,334 | 137,785 | 0 | 0 |
| Cash flow from operations | -396,353 | -615,445 | |||
| Investing Activities | |||||
| capital expenditure | -86,040 | -1,179,592 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -86,040 | -1,179,592 | |||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 41,667 | 0 | 0 | 0 | 0 |
| Long term loans | 855,257 | 546,152 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 266,195 | -7,837 | -23,741 | 86,160 | 117,936 |
| other long term liabilities | -28,950 | 0 | 0 | 28,950 | 0 |
| share issue | |||||
| interest | -20,764 | -35,263 | |||
| cash flow from financing | 1,338,464 | 2,843,560 | |||
| cash and cash equivalents | |||||
| cash | -1,485,979 | -734,349 | 1,097,081 | 382,255 | 118,333 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,485,979 | -734,349 | 1,097,081 | 382,255 | 118,333 |
digme fitness limited Credit Report and Business Information
Digme Fitness Limited Competitor Analysis
Perform a competitor analysis for digme fitness limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
digme fitness limited Ownership
DIGME FITNESS LIMITED group structure
Digme Fitness Limited has 3 subsidiary companies.
Ultimate parent company
DIGME FITNESS LIMITED
09631514
3 subsidiaries
digme fitness limited directors
Digme Fitness Limited currently has 7 directors. The longest serving directors include Mr Geoffrey Bamber (Jun 2015) and Mrs Caoimhe Bamber (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geoffrey Bamber | United Kingdom | 42 years | Jun 2015 | - | Director |
| Mrs Caoimhe Bamber | England | 52 years | Jun 2015 | - | Director |
| Mrs Akshata Murty | England | 44 years | Mar 2017 | - | Director |
| Mrs Akshata Murty | 44 years | Mar 2017 | - | Director | |
| Mr Rupert Lowe | 66 years | Mar 2017 | - | Director | |
| Mr Nazar Sharif | United Kingdom | 54 years | Jan 2021 | - | Director |
| Mr Andrew Johnson | England | 44 years | May 2021 | - | Director |
P&L
December 2019turnover
1.4m
0%
operating profit
-1.4m
0%
gross margin
25%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
2.4m
-0.32%
total assets
5.8m
+0.18%
cash
111.7k
-0.93%
net assets
Total assets minus all liabilities
Similar Companies
digme fitness limited company details
company number
09631514
Type
Private limited with Share Capital
industry
93130 - Fitness facilities
incorporation date
June 2015
age
9
accounts
Group
ultimate parent company
previous names
digme cycling limited (October 2017)
incorporated
UK
address
22 york buildings, london, WC2N 6JU
last accounts submitted
December 2019
digme fitness 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 1 charges/mortgages relating to digme fitness limited. Currently there are 1 open charges and 0 have been satisfied in the past.
digme fitness limited Companies House Filings - See Documents
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