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The Watson Gym Ltd

10531119

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

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

Details

584 WELLSWAY, BATH, BA2 2UE
Incorporated 19/12/2016

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

29/09/2026

On track

Confirmation statement

Last: 19/12/2025

Due 02/01/2027

On track

Industry

93130
Fitness facilities

Officers

Mr Louis Michael Wackett

director · Since 19/12/2016

DIRECTOR

BRITISH · ENGLAND · Age 38

Mr Michael Wackett

director · Since 04/10/2019

DIRECTOR

BRITISH · ENGLAND · Age 79

Also on 4 other boards

Persons with Significant Control

Mr Louis Michael Wackett

50–75% shares

British · England · Age 38

584 Wellsway, Bath, BA2 2UE

Notified 19/12/2016

Mr Michael Wackett

25–50% shares

British · England · Age 79

584 Wellsway, Bath, BA2 2UE

Notified 19/01/2019

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 01/07/2022Registered 06/07/2022
Charge
outstanding

HSBC UK BANK PLC

Created 28/06/2022Registered 29/06/2022

CompanyRankvs 2644+ SIC 93130 peers
46

Financial strength98th percentile among SIC peers · 25/25
Employees33th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees5/15 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.

Longevity9/15 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 31/12/2024

Net Worth

£396k

Balance sheet strength

Cash

£36k

Cash in the bank

Net Current Assets

-£444k

Working capital

Current Assets

£101k

Current Liabilities

£545k

Fixed Assets

£1.2M

Debtors

£61k

1avg. employees+1

Balance Sheet

Assets less current liabilities£707k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.19+£126k
20230.11+£68k
20220.07+£143k
20210.33+£0
20200.15+£0
20190.05
20180.04

Derived from filed accounts. Not audited figures.