ALTERNATIVE FITNESS SOLUTIONS LTD

💤Zombieactive
06685403 · ltd · incorporated 2008-09-01
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-09-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-07-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-07-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-07-13
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  11. 2020-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-01-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2019-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-01-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-06-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2008-09-01
    🏢
    Company incorporated
    As ALTERNATIVE FITNESS SOLUTIONS LTD
  19. 2008-09-01
    MILLINGS, Gareth James appointed
    secretary
  20. 2008-09-01
    MILLINGS, Gareth James appointed
    director

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gareth James Millings
Individual · British · DOB 12/1979 · age 47
75100%
75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2008-09-01
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

Afs Crossfit Towergate Industrial Park
Colebrook Way
Andover
Hampshire
SP10 3BB
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (2 active · 0 resigned)

MILLINGS, Gareth James
secretary · appointed 2008-09-01
View their other companies + combined net worth →
Active
MILLINGS, Gareth James
director · ~47y · appointed 2008-09-01
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (49 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-12
change-person-director-company-with-change-date
officers · CH01
2022-09-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-06
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-11
change-person-director-company-with-change-date
officers · CH01
2020-07-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-07-13