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Wit Fitness Limited

09218225

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

DEVONSHIRE HOUSE, BOREHAMWOOD, WD6 1QQ
Incorporated 15/09/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Officers

Mr Daniel Williams

secretary · Since 15/09/2014

Also on 1 other board

Mr Daniel Williams

director · Since 15/09/2014

COMPANY DIRECTOR

ENGLISH · ENGLAND · Age 43

Also on 1 other board

Mr Andrew James Lister

director · Since 03/09/2021

INVESTMENT MANAGEMENT

BRITISH · UNITED KINGDOM · Age 43

Also on 2 other boards

Mr Nicholas James Adcock

director · Since 24/12/2021

COMPANY DIRECTOR

AUSTRALIAN · AUSTRALIA · Age 59

Miss Maria June Callaway

director · Since 07/03/2022

INVESTMENT MANAGEMENT

BRITISH · UNITED KINGDOM · Age 30

Persons with Significant Control

Vgc Partners I Lp

50–75% shares
50–75% votes
Appoint directors

11, Golden Square, London, W1F 9JB

Notified 12/03/2020

Former PSCs

Mr Daniel Williams

Ceased 07/03/2022

Mr Samuel Kitching

Ceased 31/08/2017

Charges1 outstanding

Charge
outstanding

DEVONPORT CAPITAL LIMITED

Created 21/07/2022Registered 28/07/2022
Charge
satisfied

VGC PARTNERS I LP

Created 24/12/2021Registered 05/01/2022Satisfied 09/03/2022

CompanyRankvs 15+ SIC 47640 peers
19

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.38× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity2/20 pts

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

Longevity12/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/01/2022

Net Worth

-£3.9M

Balance sheet strength

Cash

£86k

Cash in the bank

Net Current Assets

-£4.7M

Working capital

Current Assets

£2.8M

Current Liabilities

£7.4M

Fixed Assets

£750k

Debtors

£121k

Profit After Tax

-£1.6M

46avg. employees+34

Balance Sheet

Intangible assets£150k
Assets less current liabilities-£3.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20220.38-£4.0M
20190.97

Derived from filed accounts. Not audited figures.