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Underground Gym Limited

08829858

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

168 CHURCH ROAD, HOVE, BN3 2DL
Incorporated 02/01/2014

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 04/11/2025

Due 18/11/2026

On track

Industry

93130
Fitness facilities

Officers

Mr Alan Mcguinness

director · Since 01/12/2014

ENTREPRENEUR

IRISH · ENGLAND · Age 46

Persons with Significant Control

Mr Sol Anthony Gilbert

25–50% shares
25–50% votes

British · England · Age 51

168, Church Road, Hove, BN3 2DL

Notified 06/04/2016

Mr Alan Mcguinness

25–50% shares
25–50% votes

Irish · England · Age 46

64, Marmion Road, Hove, BN3 5FT

Notified 06/04/2016

Former PSCs

Mr Brandon Luke Harris

Ceased 24/04/2017

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 28/04/2017Registered 03/05/2017

CompanyRankvs 4662+ SIC 93130 peers
30

Financial strength5th percentile among SIC peers · 1/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.51× · 6/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity13/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. The director considers tha

Key FinancialsYear ending 31/03/2025

Net Worth

-£89k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£248k

Working capital

Current Assets

£260k

Current Liabilities

£508k

Fixed Assets

£358k

Debtors

£247k

48avg. employees+11

Tax at Year End

Corp tax£24k

Balance Sheet

Assets less current liabilities£110k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20250.51-£117k
20240.64-£10k
20230.92-£140k
20221.65+£172k
20212.22

Derived from filed accounts. Not audited figures.