1ST4FITNESS LIMITED
🌳Matureactive
09735843 · ltd · incorporated 2015-08-17
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-74.5k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
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: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 7.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
44 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £74,500
Cash draining
Cash down 62% YoY
Cash YoY
-62%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£389
↓ 62% YoY
Net Worth
-£75k
↓ 70% YoY
Current Assets
£78k
↓ 8.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £-55.1k | £-27.4k |
| Current assets | £78.1k | £85.2k |
| Cash | £389 | £1.0k |
| Debtors | £77.7k | £84.2k |
| Net assets | £-74.5k | £-43.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
7
filings
- • 3 officers
- • 3 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
7
filings
- • 3 officers
- • 3 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2026-03-11📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-11📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-06📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-28🔒Charge registered #2Lender: Nationwide Finance Limited
- 2024-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-16📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-01📄gazette-notice-compulsorygazette · GAZ1
- 2022-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-18📄change-person-director-company-with-change-dateofficers · CH01
- 2020-11-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-10-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-08-16➕BAILY, Louise appointeddirector
- 2019-03-01🔒Charge registered #1Lender: Blackrock Secured Finance Limited
- 2015-08-17🏢Company incorporatedAs 1ST4FITNESS LIMITED
- 2015-08-17➕CLUTTERBUCK, Paul John appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
41/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul John Clutterbuck Individual · British · DOB 10/1981 · age 45 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 16/08/2016 |
Ms Louise Baily Individual · British · DOB 06/1970 · age 56 | — | — | sig. influencesignificant influence | 16/08/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
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 · Leisure & entertainment · OX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1985 MUSIC HOLDINGS LTD→ 16916870 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 321DIVE LIMITED→ 06286625 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| 5B ARTISTS AND MEDIA LTD→ 10623668 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 63EPR LIMITED→ 13151265 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A C EVENTING LTD→ 10639872 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| A'ARU COLLECTIVE LIMITED→ 15103488 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A&A TRAVEL LTD→ 16181411 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABI MORRIS AND CO LTD→ 15942818 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABINGDON ABBEY BUILDINGS TRADING LIMITED→ 14305832 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ABINGDON BRIDGE MARINE LIMITED→ 09293236 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ABINGDON GYMNASTICS CLUB LIMITED→ 08302004 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ABINGDON RIVERFRONT LIMITED→ 09292915 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2015-08-17
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities
Registered office
A11 Telford Road
Bicester
Oxfordshire
OX26 4LD
England
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22
Officers (2 active · 0 resigned)
BAILY, Louise→
Activedirector · ~56y · appointed 2020-08-16
View their other companies + combined net worth →
CLUTTERBUCK, Paul John→
Activedirector · ~45y · appointed 2015-08-17
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nationwide Finance Nationwide Finance Limited | A registered charge | 5 properties | 28/02/2025 | — | |
| outstanding | Blackrock Secured Finance Blackrock Secured Finance Limited | A registered charge | 7 properties | 01/03/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (44 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-11
change-person-director-company-with-change-date
officers · CH01
2026-03-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-11
change-person-director-company-with-change-date
officers · CH01
2026-03-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-09
change-person-director-company-with-change-date
officers · CH01
2026-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-15
gazette-notice-compulsory
gazette · GAZ1
2023-08-01