AB SALUTE GYM LTD
Opportunity 63/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
9 live charges · 4 lenders · oldest 11.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £2.43M | £2.51M |
| Current assets | £280.7k | £391.5k |
| Cash | £7.3k | £44.9k |
| Debtors | £273.4k | £346.6k |
| Net assets | £1.98M | £1.88M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 1 miscellaneous
- • 2 mortgage
- • 1 miscellaneous
- • 2 mortgage
- • 1 miscellaneous
- • 1 accounts
Corporate timeline (40 events)Click to expand
- 2026-07-08📄legacymiscellaneous · RPCH01
- 2026-05-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-21🔓Charge satisfied #7
- 2026-05-21🔓Charge satisfied #6
- 2026-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-22🔒Charge registered #9Lender: Gdi Developments Holdings Limited
- 2025-12-22🔒Charge registered #8Lender: Gdi Developments Holdings Limited
- 2025-08-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-16📄resolutionresolution · RESOLUTIONS
- 2025-04-16📄memorandum-articlesincorporation · MA
- 2025-04-16📄capital-name-of-class-of-sharescapital · SH08
- 2024-10-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-06-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-25📄capital-allotment-sharescapital · SH01
- 2023-10-25📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2023-10-25📄memorandum-articlesincorporation · MA
- 2023-10-25📄resolutionresolution · RESOLUTIONS
- 2023-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-03📄capital-allotment-sharescapital · SH01
- 2023-02-03📄resolutionresolution · RESOLUTIONS
- 2023-02-02📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2023-02-02📄memorandum-articlesincorporation · MA
- 2021-04-30🔒Charge registered #7Lender: Together Commercial Finance Limited
- 2021-04-30🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2021-02-04🔓Charge satisfied #2
- 2021-02-04🔓Charge satisfied #1
- 2018-04-18🔒Charge registered #5Lender: Hsbc Bank PLC
- 2018-04-09🔒Charge registered #4Lender: Hsbc Bank PLC
- 2018-04-09🔒Charge registered #3Lender: Hsbc Bank PLC
- 2017-08-11🔒Charge registered #2Lender: East Anglian Facilities (Romford) Limited
- 2014-12-19🔒Charge registered #1Lender: East Anglian Facilities (Romford) Limited
- 2011-04-09➖CARTER, James Dominic resigneddirector
- 2010-01-22🏢Company incorporatedAs AB SALUTE GYM LTD
- 2010-01-22➕HALL, Colin John appointeddirector
- 2010-01-22➕SKIPP, Martin David appointeddirector
- 2010-01-22➕CARTER, James Dominic appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med · 1 lowAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-06-16
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Colin John Hall Individual · British · DOB 04/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Martin David Skipp Individual · British · DOB 05/1984 · age 42 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Property · SS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AAASAFEHOME LIMITED→ 11334068 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AAHH PROPERTY INVESTMENT LTD→ 15654084 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AAPU LTD→ 15031860 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAREEN PROPERTIES LIMITED→ 08973997 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| AARON ANTON LIMITED→ 14153400 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AAROO LTD→ 13131833 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AAWAAW LTD→ 09375398 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ABACO ISLAND PROPERTIES LTD→ 12020614 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ABBEY HOUSE (LEICESTER) LIMITED→ 10376402 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ABDEAL PROPERTIES LTD→ 16435322 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABENBERG WAY (BRENTWOOD) MANAGEMENT CO. LIMITED→ 01831685 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| ABLECRYSTALHOMES LIMITED→ 15328064 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
9 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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Gdi Developments Holdings Gdi Developments Holdings Limited | A registered charge | 1 property | 22/12/2025 | — | |
| outstanding | Gdi Developments Holdings Gdi Developments Holdings Limited | A registered charge | 1 property | 22/12/2025 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 30/04/2021 | 21/05/2026 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 3 properties | 30/04/2021 | 21/05/2026 | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 18/04/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 09/04/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 09/04/2018 | — | |
| satisfied | East Anglian Facilities (Romford) East Anglian Facilities (Romford) Limited | A registered charge | 1 property | 11/08/2017 | 04/02/2021 | |
| satisfied | East Anglian Facilities (Romford) East Anglian Facilities (Romford) Limited | A registered charge | 1 property | 19/12/2014 | 04/02/2021 |