Gym Factory Gateshead Limited
09796911
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
29/12/2024
unaudited abridged
Next accounts due
29/09/2026
Confirmation statement
Last: 30/09/2025
Due 14/10/2026
Industry
Officers
director · Since 28/09/2015
DIRECTOR
BRITISH · UNITED KINGDOM · Age 44
Also on 4 other boards
Persons with Significant Control
Mr Mike Racz
British · England · Age 44
Unit 10 Evolution, Wynyard Business Park, Wynyard, TS22 5TB
Notified 06/04/2016
Former PSCs
Racz Investment Ltd
Ceased 01/05/2021
Charges0 outstanding
HSBC BANK PLC
CompanyRankvs 7324+ SIC 93130 peers35
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 29/12/2024
Net Worth
-£48k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£156k
Working capital
Current Assets
£101k
Current Liabilities
£257k
Fixed Assets
£108k
Debtors
£101k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.39 | -£4k |
| 2023 | 16.56 | -£4k |
| 2022 | 14.84 | -£2k |
| 2021 | 15.44 | -£104 |
| 2020 | 0.41 | +£0 |
| 2019 | 146.53 | -£3k |
Derived from filed accounts. Not audited figures.