herongate fitness & wellbeing
herongate fitness & wellbeing Company Information
Company Number
11231381
Website
herongate.clubRegistered Address
2 oriel court omega park, alton, hampshire, GU34 2YT
Industry
Operation of sports facilities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
herongate fitness & wellbeing Estimated Valuation
Pomanda estimates the enterprise value of HERONGATE FITNESS & WELLBEING at £432k based on a Turnover of £505.7k and 0.85x industry multiple (adjusted for size and gross margin).
herongate fitness & wellbeing Estimated Valuation
Pomanda estimates the enterprise value of HERONGATE FITNESS & WELLBEING at £115.8k based on an EBITDA of £30.6k and a 3.79x industry multiple (adjusted for size and gross margin).
herongate fitness & wellbeing Estimated Valuation
Pomanda estimates the enterprise value of HERONGATE FITNESS & WELLBEING at £0 based on Net Assets of £-79.4k and 1.8x industry multiple (adjusted for liquidity).
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Herongate Fitness & Wellbeing Overview
Herongate Fitness & Wellbeing is a live company located in hampshire, GU34 2YT with a Companies House number of 11231381. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in March 2018, it's largest shareholder is unknown. Herongate Fitness & Wellbeing is a young, small sized company, Pomanda has estimated its turnover at £505.7k with high growth in recent years.
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Herongate Fitness & Wellbeing Health Check
Pomanda's financial health check has awarded Herongate Fitness & Wellbeing a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £505.7k, make it smaller than the average company (£733.1k)
£505.7k - Herongate Fitness & Wellbeing
£733.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (2.8%)
- Herongate Fitness & Wellbeing
2.8% - Industry AVG
Production
with a gross margin of 54.4%, this company has a comparable cost of product (54.4%)
54.4% - Herongate Fitness & Wellbeing
54.4% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (3.9%)
-2.2% - Herongate Fitness & Wellbeing
3.9% - Industry AVG
Employees
with 9 employees, this is below the industry average (27)
9 - Herongate Fitness & Wellbeing
27 - Industry AVG
Pay Structure
on an average salary of £21.6k, the company has a higher pay structure (£17.5k)
£21.6k - Herongate Fitness & Wellbeing
£17.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.2k, this is more efficient (£40k)
£56.2k - Herongate Fitness & Wellbeing
£40k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (8 days)
0 days - Herongate Fitness & Wellbeing
8 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (42 days)
53 days - Herongate Fitness & Wellbeing
42 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (14 days)
1 days - Herongate Fitness & Wellbeing
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (51 weeks)
12 weeks - Herongate Fitness & Wellbeing
51 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 208.4%, this is a higher level of debt than the average (41.5%)
208.4% - Herongate Fitness & Wellbeing
41.5% - Industry AVG
HERONGATE FITNESS & WELLBEING financials
Herongate Fitness & Wellbeing's latest turnover from March 2023 is £505.7 thousand and the company has net assets of -£79.4 thousand. According to their latest financial statements, Herongate Fitness & Wellbeing has 9 employees and maintains cash reserves of £21.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | 505,732 | 488,445 | |||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | 0 | 0 | |||
| Interest Receivable | 0 | 0 | |||
| Pre-Tax Profit | -14,622 | -7,233 | |||
| Tax | 0 | 0 | |||
| Profit After Tax | -14,622 | -7,233 | |||
| Dividends Paid | 0 | 0 | |||
| Retained Profit | -14,622 | -7,233 | |||
| Employee Costs | 193,971 | 185,362 | |||
| Number Of Employees | 9 | 8 | 11 | 13 | 14 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 29,308 | 57,004 | 96,755 | 128,280 | 147,971 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100 | 100 | 100 | 100 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 29,408 | 57,104 | 96,855 | 128,380 | 147,971 |
| Stock & work in progress | 654 | 552 | 2,193 | 2,486 | 1,789 |
| Trade Debtors | 825 | 1,739 | 1,000 | 4,127 | 35,774 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 20,918 | 12,568 | 17,198 | 16,628 | 23,989 |
| Cash | 21,488 | 3,051 | 13,906 | 20,678 | 8,739 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 43,885 | 17,910 | 34,297 | 43,919 | 70,291 |
| total assets | 73,293 | 75,014 | 131,152 | 172,299 | 218,262 |
| Bank overdraft | 0 | 0 | 8,333 | 0 | 0 |
| Bank loan | 0 | 10,000 | 0 | 0 | 0 |
| Trade Creditors | 33,564 | 11,330 | 17,063 | 23,290 | 80,747 |
| Group/Directors Accounts | 30,157 | 22,237 | 10,404 | 8,337 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 30,276 | 30,275 | 30,295 | 30,133 |
| other current liabilities | 25,236 | 48,476 | 34,873 | 62,838 | 114,928 |
| total current liabilities | 88,957 | 122,319 | 100,948 | 124,760 | 225,808 |
| loans | 63,750 | 1,667 | 41,667 | 0 | 0 |
| hp & lease commitments | 0 | 15,820 | 46,096 | 74,866 | 105,467 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 63,750 | 17,487 | 87,763 | 74,866 | 105,467 |
| total liabilities | 152,707 | 139,806 | 188,711 | 199,626 | 331,275 |
| net assets | -79,414 | -64,792 | -57,559 | -27,327 | -113,013 |
| total shareholders funds | -79,414 | -64,792 | -57,559 | -27,327 | -113,013 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 41,858 | 40,812 | 40,195 | 36,743 | 19,085 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | |||
| Stock | 102 | -1,641 | -293 | 697 | 1,789 |
| Debtors | 7,436 | -3,891 | -2,557 | -39,008 | 59,763 |
| Creditors | 22,234 | -5,733 | -6,227 | -57,457 | 80,747 |
| Accruals and Deferred Income | -23,240 | 13,603 | -27,965 | -52,090 | 114,928 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | 0 | 0 | |||
| Change in Investments | 0 | 0 | 0 | 100 | 0 |
| cash flow from investments | 0 | 0 | |||
| Financing Activities | |||||
| Bank loans | -10,000 | 10,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,920 | 11,833 | 2,067 | 8,337 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 62,083 | -40,000 | 41,667 | 0 | 0 |
| Hire Purchase and Lease Commitments | -46,096 | -30,275 | -28,790 | -30,439 | 135,600 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | |||
| cash flow from financing | 13,907 | -48,442 | |||
| cash and cash equivalents | |||||
| cash | 18,437 | -10,855 | -6,772 | 11,939 | 8,739 |
| overdraft | 0 | -8,333 | 8,333 | 0 | 0 |
| change in cash | 18,437 | -2,522 | -15,105 | 11,939 | 8,739 |
herongate fitness & wellbeing Credit Report and Business Information
Herongate Fitness & Wellbeing Competitor Analysis
Perform a competitor analysis for herongate fitness & wellbeing by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in GU34 area or any other competitors across 12 key performance metrics.
herongate fitness & wellbeing Ownership
HERONGATE FITNESS & WELLBEING group structure
Herongate Fitness & Wellbeing has no subsidiary companies.
Ultimate parent company
HERONGATE FITNESS & WELLBEING
11231381
herongate fitness & wellbeing directors
Herongate Fitness & Wellbeing currently has 6 directors. The longest serving directors include Mr Mark Westbrook (Dec 2021) and Mrs Angela Ford (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Westbrook | England | 55 years | Dec 2021 | - | Director |
| Mrs Angela Ford | United Kingdom | 68 years | Dec 2021 | - | Director |
| Mr John Murtagh | United Kingdom | 60 years | Dec 2021 | - | Director |
| Mr Julian Birkett | United Kingdom | 53 years | Dec 2021 | - | Director |
| Mr Mark Westbrook | United Kingdom | 55 years | Dec 2021 | - | Director |
| Mrs Siena Woods | United Kingdom | 31 years | Apr 2024 | - | Director |
P&L
March 2023turnover
505.7k
+4%
operating profit
-11.3k
0%
gross margin
54.4%
+0.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-79.4k
+0.23%
total assets
73.3k
-0.02%
cash
21.5k
+6.04%
net assets
Total assets minus all liabilities
herongate fitness & wellbeing company details
company number
11231381
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
93110 - Operation of sports facilities
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
herongate fitness & wellbeing limited (December 2021)
herongate wellbeing & fitness (March 2018)
accountant
PAULA JOYCE
auditor
-
address
2 oriel court omega park, alton, hampshire, GU34 2YT
Bank
-
Legal Advisor
-
herongate fitness & wellbeing 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 herongate fitness & wellbeing. Currently there are 0 open charges and 1 have been satisfied in the past.
herongate fitness & wellbeing Companies House Filings - See Documents
| date | description | view/download |
|---|
