Ifit Health & Fitness Limited
02995785
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/05/2025
medium
Next accounts due
28/02/2027
Confirmation statement
Last: 29/11/2025
Due 13/12/2026
Industry
Officers
director · Since 05/02/2025
FINANCIAL CONTROLLER
PAKISTANI,BRITISH · UNITED KINGDOM · Age 40
Also on 2 other boards
director · Since 02/04/2025
NONE
AMERICAN · UNITED STATES · Age 46
Also on 2 other boards
Persons with Significant Control
Ifit Health & Fitness (Holdings) Limited
3rd Floor, 1 Ashley Road, Altrincham, WA14 2DT
Reg: 2982628 · Companies House · Limited By Shares
Notified 06/04/2016
Charges1 outstanding
CERBERUS BUSINESS FINANCE AGENCY, LLC, AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT FOR ITSELF
ICON PREFERRED HOLDINGS, L.P. AS THE HOLDER
LC9 CONNECTED HOLDINGS, LP AS SECURITY AGENT
LC9 CONNECTED HOLDINGS, LP AS SECURITY AGENT
LC9 CONNECTED HOLDINGS, LP AS SECURITY AGENT
ICON PREFERRED HOLDINGS, L.P.
BANK OF AMERICA, N.A.
PLC AGENT LLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 146+ SIC 96090 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. Based on the above, the Directors are satisfied that there is no material uncertainty in respect of going concern. The forecasts prepared by
Key FinancialsYear ending 31/05/2025
Turnover
£17.8M
Annual revenue
Net Worth
£21.9M
Balance sheet strength
Cash
£610k
Cash in the bank
Profit Before Tax
£629k
Bottom line earnings
Net Current Assets
£10.5M
Working capital
Current Assets
£17.2M
Current Liabilities
£6.8M
Fixed Assets
£59k
Debtors
£11.0M
Cost of Sales
£7.8M
Gross Profit
£10.0M
Admin Expenses
£8.8M
Profit After Tax
£1.8M
Tax at Year End(2024)
People Costs(2024)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.55 | +£0 |
| 2024 | 2.90 | +£0 |
| 2023 | 1.77 | — |
Derived from filed accounts. Not audited figures.