formby fitness limited
formby fitness limited Company Information
Company Number
09937272
Website
formbyfitness.co.ukRegistered Address
9 green lane, formby, liverpool, L37 7DJ
Industry
Fitness facilities
Telephone
01704878887
Next Accounts Due
12 days late
Group Structure
View All
Shareholders
barry hall 75%
julia smith 25%
formby fitness limited Estimated Valuation
Pomanda estimates the enterprise value of FORMBY FITNESS LIMITED at £44.1k based on a Turnover of £44.2k and 1x industry multiple (adjusted for size and gross margin).
formby fitness limited Estimated Valuation
Pomanda estimates the enterprise value of FORMBY FITNESS LIMITED at £0 based on an EBITDA of £-14.6k and a 4.48x industry multiple (adjusted for size and gross margin).
formby fitness limited Estimated Valuation
Pomanda estimates the enterprise value of FORMBY FITNESS LIMITED at £106.2k based on Net Assets of £28.9k and 3.67x industry multiple (adjusted for liquidity).
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Formby Fitness Limited Overview
Formby Fitness Limited is a live company located in liverpool, L37 7DJ with a Companies House number of 09937272. It operates in the fitness facilities sector, SIC Code 93130. Founded in January 2016, it's largest shareholder is barry hall with a 75% stake. Formby Fitness Limited is a young, micro sized company, Pomanda has estimated its turnover at £44.2k with rapid growth in recent years.
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Formby Fitness Limited Health Check
Pomanda's financial health check has awarded Formby Fitness Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £44.2k, make it smaller than the average company (£238.3k)
- Formby Fitness Limited
£238.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 254%, show it is growing at a faster rate (0.4%)
- Formby Fitness Limited
0.4% - Industry AVG
Production
with a gross margin of 63%, this company has a higher cost of product (83.1%)
- Formby Fitness Limited
83.1% - Industry AVG
Profitability
an operating margin of -33.1% make it less profitable than the average company (-4.7%)
- Formby Fitness Limited
-4.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
- Formby Fitness Limited
5 - Industry AVG
Pay Structure
on an average salary of £17.4k, the company has an equivalent pay structure (£17.4k)
- Formby Fitness Limited
£17.4k - Industry AVG
Efficiency
resulting in sales per employee of £44.2k, this is less efficient (£62.4k)
- Formby Fitness Limited
£62.4k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (15 days)
- Formby Fitness Limited
15 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Formby Fitness Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Formby Fitness Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Formby Fitness Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.1%, this is a lower level of debt than the average (95.3%)
36.1% - Formby Fitness Limited
95.3% - Industry AVG
FORMBY FITNESS LIMITED financials
Formby Fitness Limited's latest turnover from January 2023 is estimated at £44.2 thousand and the company has net assets of £28.9 thousand. According to their latest financial statements, we estimate that Formby Fitness Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 3 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,927 | 25,991 | 15,308 | 6,290 | 13,977 | 11,182 | 13,978 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,927 | 25,991 | 15,308 | 6,290 | 13,977 | 11,182 | 13,978 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,806 | 17,481 | 0 | 102 | 22 | 342 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 24,206 | 0 | 0 | 0 | 3,126 |
| misc current assets | 15,530 | 20,853 | 20,894 | 13,992 | 0 | 2,959 | 5,791 |
| total current assets | 24,336 | 38,334 | 45,100 | 14,094 | 22 | 3,301 | 8,917 |
| total assets | 45,263 | 64,325 | 60,408 | 20,384 | 13,999 | 14,483 | 22,895 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 171 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 820 | 0 | 0 | 0 | 770 |
| total current liabilities | 0 | 0 | 820 | 0 | 171 | 0 | 770 |
| loans | 0 | 0 | 21,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,173 | 1,385 | 0 | 820 | 770 | 770 | 0 |
| other liabilities | 15,166 | 19,401 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 16,339 | 20,786 | 21,000 | 820 | 770 | 770 | 0 |
| total liabilities | 16,339 | 20,786 | 21,820 | 820 | 941 | 770 | 770 |
| net assets | 28,924 | 43,539 | 38,588 | 19,564 | 13,058 | 13,713 | 22,125 |
| total shareholders funds | 28,924 | 43,539 | 38,588 | 19,564 | 13,058 | 13,713 | 22,125 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 8,663 | 0 | 3,495 | ||||
| Amortisation | 0 | 0 | 0 | ||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -8,675 | 17,481 | -102 | 80 | -320 | 342 | 0 |
| Creditors | 0 | 0 | 0 | -171 | 171 | 0 | 0 |
| Accruals and Deferred Income | -212 | 565 | 0 | 50 | 0 | 0 | 770 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -21,000 | 21,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,235 | 19,401 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | -24,206 | 24,206 | 0 | 0 | -3,126 | 3,126 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -24,206 | 24,206 | 0 | 0 | -3,126 | 3,126 |
formby fitness limited Credit Report and Business Information
Formby Fitness Limited Competitor Analysis
Perform a competitor analysis for formby fitness limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in L37 area or any other competitors across 12 key performance metrics.
formby fitness limited Ownership
FORMBY FITNESS LIMITED group structure
Formby Fitness Limited has no subsidiary companies.
Ultimate parent company
FORMBY FITNESS LIMITED
09937272
formby fitness limited directors
Formby Fitness Limited currently has 2 directors. The longest serving directors include Mr Barry Hall (Jan 2016) and Mr Lee Alison (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Hall | England | 41 years | Jan 2016 | - | Director |
| Mr Lee Alison | England | 46 years | Jun 2018 | - | Director |
P&L
January 2023turnover
44.2k
-41%
operating profit
-14.6k
0%
gross margin
63.1%
-10.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
28.9k
-0.34%
total assets
45.3k
-0.3%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
formby fitness limited company details
company number
09937272
Type
Private limited with Share Capital
industry
93130 - Fitness facilities
incorporation date
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2023
previous names
N/A
accountant
DOYLE & COMPANY ACCOUNTANTS
auditor
-
address
9 green lane, formby, liverpool, L37 7DJ
Bank
-
Legal Advisor
-
formby 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 did not find charges/mortgages relating to formby fitness limited.
formby fitness limited Companies House Filings - See Documents
| date | description | view/download |
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