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Gym Factory Cosham Ltd

09901101

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 10 EVOLUTION, WYNYARD, TS22 5TB
Incorporated 03/12/2015

Compliance

Last accounts

28/12/2024

unaudited abridged

Next accounts due

28/09/2026

On track

Confirmation statement

Last: 14/11/2025

Due 28/11/2026

On track

Industry

93130
Fitness facilities

Officers

Mr Mike Racz

director · Since 03/12/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 4 other boards

Mr Neel Dilip Sodha

director · Since 20/09/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 37

Also on 1 other board

Persons with Significant Control

Mr Mike Racz

Significant control

British · England · Age 44

Unit 10 Evolution, Wynyard Business Park, Wynyard, TS22 5TB

Notified 06/04/2016

Mr Neel Dilip Sodha

Significant control

British · England · Age 37

Unit 10 Evolution, Wynyard Business Park, Wynyard, TS22 5TB

Notified 06/04/2016

Gym Factory Group Ltd

50–75% shares
50–75% votes

Unit 10 Evolution, Wynyard Avenue, Billingham, TS22 5TB

Reg: 12729768 · The Registrar Of Companies For England And Wales · Private Limited Company

Notified 15/11/2021

Former PSCs

Sodha & Company Ltd

Ceased 01/11/2018

Racz Investment Ltd

Ceased 20/09/2016

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 29/04/2019Registered 10/05/2019
Charge
outstanding

HSBC BANK PLC

Created 03/08/2017Registered 09/08/2017

CompanyRankvs 5537+ SIC 93130 peers
32

Financial strength1th percentile among SIC peers · 0/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity11 years trading (max 15) · 11/15
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.

Employees14/15 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.

Longevity11/15 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 28/12/2024

Net Worth

-£586k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£734k

Working capital

Current Assets

£51k

Current Liabilities

£786k

Fixed Assets

£187k

Debtors

£45k

5avg. employees

Balance Sheet

Intangible assets£1k
Assets less current liabilities-£547k
Signed by 2023-12-31Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.07-£63k
20230.07-£73k
20220.08-£84k
20210.11-£79k
20200.11-£35k
20190.12-£100k
20180.17

Derived from filed accounts. Not audited figures.