united fitness brands ltd.
united fitness brands ltd. Company Information
Company Number
12949685
Next Accounts
177 days late
Shareholders
ngco mf limited
paul greenslade
View AllGroup Structure
View All
Industry
Activities of head offices
+1Registered Address
115 baker street baker street, 4th floor united fitness brands, london, W1U 6RT
Website
-united fitness brands ltd. Estimated Valuation
Pomanda estimates the enterprise value of UNITED FITNESS BRANDS LTD. at £9.9m based on a Turnover of £9.1m and 1.09x industry multiple (adjusted for size and gross margin).
united fitness brands ltd. Estimated Valuation
Pomanda estimates the enterprise value of UNITED FITNESS BRANDS LTD. at £0 based on an EBITDA of £-4.2m and a 6.08x industry multiple (adjusted for size and gross margin).
united fitness brands ltd. Estimated Valuation
Pomanda estimates the enterprise value of UNITED FITNESS BRANDS LTD. at £0 based on Net Assets of £-3.2m and 2.89x industry multiple (adjusted for liquidity).
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United Fitness Brands Ltd. Overview
United Fitness Brands Ltd. is a live company located in london, W1U 6RT with a Companies House number of 12949685. It operates in the fitness facilities sector, SIC Code 93130. Founded in October 2020, it's largest shareholder is ngco mf limited with a 32.8% stake. United Fitness Brands Ltd. is a young, mid sized company, Pomanda has estimated its turnover at £9.1m with unknown growth in recent years.
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United Fitness Brands Ltd. Health Check
Pomanda's financial health check has awarded United Fitness Brands Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £9.1m, make it in line with the average company (£9.5m)
£9.1m - United Fitness Brands Ltd.
£9.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- United Fitness Brands Ltd.
- - Industry AVG
Production
with a gross margin of 64%, this company has a comparable cost of product (57.7%)
64% - United Fitness Brands Ltd.
57.7% - Industry AVG
Profitability
an operating margin of -81.6% make it less profitable than the average company (0.6%)
-81.6% - United Fitness Brands Ltd.
0.6% - Industry AVG
Employees
with 194 employees, this is above the industry average (59)
194 - United Fitness Brands Ltd.
59 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has a lower pay structure (£32.6k)
£20.9k - United Fitness Brands Ltd.
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £47k, this is less efficient (£126.4k)
£47k - United Fitness Brands Ltd.
£126.4k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (30 days)
12 days - United Fitness Brands Ltd.
30 days - Industry AVG
Creditor Days
its suppliers are paid after 477 days, this is slower than average (98 days)
477 days - United Fitness Brands Ltd.
98 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (34 days)
16 days - United Fitness Brands Ltd.
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (19 weeks)
12 weeks - United Fitness Brands Ltd.
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 151.4%, this is a higher level of debt than the average (73%)
151.4% - United Fitness Brands Ltd.
73% - Industry AVG
UNITED FITNESS BRANDS LTD. financials
United Fitness Brands Ltd.'s latest turnover from December 2022 is £9.1 million and the company has net assets of -£3.2 million. According to their latest financial statements, United Fitness Brands Ltd. has 194 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 9,119,239 | |
| Other Income Or Grants | ||
| Cost Of Sales | 3,280,601 | |
| Gross Profit | 5,838,638 | |
| Admin Expenses | 13,281,629 | |
| Operating Profit | -7,442,991 | |
| Interest Payable | 216,297 | |
| Interest Receivable | 2,401 | |
| Pre-Tax Profit | -7,656,887 | |
| Tax | ||
| Profit After Tax | -7,656,887 | |
| Dividends Paid | ||
| Retained Profit | -7,656,887 | |
| Employee Costs | 4,047,185 | |
| Number Of Employees | 194 | |
| EBITDA* | -4,189,541 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 2,467,860 | 5,626,344 |
| Intangible Assets | 143,790 | 1,697,504 |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 2,611,650 | 7,323,848 |
| Stock & work in progress | 152,663 | 128,425 |
| Trade Debtors | 314,870 | 365,283 |
| Group Debtors | ||
| Misc Debtors | 994,157 | 1,367,188 |
| Cash | 2,136,201 | 797,553 |
| misc current assets | ||
| total current assets | 3,597,891 | 2,658,449 |
| total assets | 6,209,541 | 9,982,297 |
| Bank overdraft | ||
| Bank loan | 384,520 | 170,648 |
| Trade Creditors | 4,294,590 | 3,741,081 |
| Group/Directors Accounts | ||
| other short term finances | 1,090,000 | 806,951 |
| hp & lease commitments | ||
| other current liabilities | 3,251,462 | 5,962,309 |
| total current liabilities | 9,020,572 | 10,680,989 |
| loans | 343,357 | 479,603 |
| hp & lease commitments | 30,226 | 39,719 |
| Accruals and Deferred Income | ||
| other liabilities | 4,000 | 4,000 |
| provisions | 1,189 | 26,189 |
| total long term liabilities | 378,772 | 549,511 |
| total liabilities | 9,399,344 | 11,230,500 |
| net assets | -3,189,803 | -1,248,203 |
| total shareholders funds | -3,189,803 | -1,248,203 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -7,442,991 | |
| Depreciation | 614,384 | |
| Amortisation | 2,639,066 | |
| Tax | ||
| Stock | 24,238 | 128,425 |
| Debtors | -423,444 | 1,732,471 |
| Creditors | 553,509 | 3,741,081 |
| Accruals and Deferred Income | -2,710,847 | 5,962,309 |
| Deferred Taxes & Provisions | -25,000 | 26,189 |
| Cash flow from operations | -5,972,673 | |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 213,872 | 170,648 |
| Group/Directors Accounts | ||
| Other Short Term Loans | 283,049 | 806,951 |
| Long term loans | -136,246 | 479,603 |
| Hire Purchase and Lease Commitments | -9,493 | 39,719 |
| other long term liabilities | 4,000 | |
| share issue | ||
| interest | -213,896 | |
| cash flow from financing | 5,852,573 | |
| cash and cash equivalents | ||
| cash | 1,338,648 | 797,553 |
| overdraft | ||
| change in cash | 1,338,648 | 797,553 |
united fitness brands ltd. Credit Report and Business Information
United Fitness Brands Ltd. Competitor Analysis
Perform a competitor analysis for united fitness brands ltd. by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mid companies, companies in W1U area or any other competitors across 12 key performance metrics.
united fitness brands ltd. Ownership
UNITED FITNESS BRANDS LTD. group structure
United Fitness Brands Ltd. has 6 subsidiary companies.
Ultimate parent company
UNITED FITNESS BRANDS LTD.
12949685
6 subsidiaries
united fitness brands ltd. directors
United Fitness Brands Ltd. currently has 3 directors. The longest serving directors include Mr Preetpal Ahluwalia (Mar 2021) and Mr Scott Rudmann (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Preetpal Ahluwalia | England | 35 years | Mar 2021 | - | Director |
| Mr Scott Rudmann | England | 55 years | May 2022 | - | Director |
| Mr Aneil Handa | England | 34 years | Mar 2023 | - | Director |
P&L
December 2022turnover
9.1m
0%
operating profit
-7.4m
0%
gross margin
64.1%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.2m
+1.56%
total assets
6.2m
-0.38%
cash
2.1m
+1.68%
net assets
Total assets minus all liabilities
Similar Companies
united fitness brands ltd. company details
company number
12949685
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
93130 - Fitness facilities
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
pay as you go studios ltd (January 2021)
accountant
-
auditor
MORRE KINGSTON SMITH LLP
address
115 baker street baker street, 4th floor united fitness brands, london, W1U 6RT
Bank
-
Legal Advisor
-
united fitness brands ltd. 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 3 charges/mortgages relating to united fitness brands ltd.. Currently there are 3 open charges and 0 have been satisfied in the past.
united fitness brands 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.
Click to start generating capital raising & share issue transactions for UNITED FITNESS BRANDS LTD.. This can take several minutes, an email will notify you when this has completed.
united fitness brands ltd. Companies House Filings - See Documents
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