ALISTAIR MILLS FITNESS LTD

💤Zombieactive
10398988 · ltd · incorporated 2016-09-28
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 Feb 2025
Net worth
£-4.3k
book net assets
Opportunity
70/100
Strong
🔔
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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 70/100 (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: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (82/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £4,342

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£4k
~ YoY
Current Assets
£4k
↓ 13% YoY
Current Liabilities
-£4k-£2k-£568£1k£3k£5kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-282024-02-29
Total assets£-4.3k£-4.4k
Current assets£4.5k£5.1k
Net assets£-4.3k£-4.4k

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

🔒Filing-note intelligence

1 signal 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
3
filings
  • 1 officers
  • 1 persons-with-significant-control
  • 1 address
Last 180 days
3
filings
  • 1 officers
  • 1 persons-with-significant-control
  • 1 address
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-03-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2026-03-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-01-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2025-01-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-05-26
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2022-12-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2022-12-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-10-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2022-10-12
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  14. 2022-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-01-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2021-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-10-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2016-09-28
    🏢
    Company incorporated
    As ALISTAIR MILLS FITNESS LTD
  20. 2016-09-28
    MILLS, Alistair appointed
    director

Owner dependency

95/100
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.
  • +Founder name in company name: Company name contains director surname "MILLS" — strong identity link between founder and business.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Swim Now Uk Trading Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Swim Now Uk Trading Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ALISTAIR MILLS FITNESS LTD
This company · 10398988

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Swim Now Uk Trading Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting27/09/2022
1 historic (ceased) PSC
  • Mr Alistair Millsceased 27/09/2022· 75-100% shares · 75-100% voting

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 →

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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
Incorporated2016-09-28
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

The Copper Room Deva City Office Park
Trinity Way
Manchester
M3 7BG
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-10-11
Last: 2025-09-27

Officers (1 active · 0 resigned)

MILLS, Alistair
director · ~41y · appointed 2016-09-28
View their other companies + combined net worth →
Active

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

Recent filings (32 total)

change-person-director-company-with-change-date
officers · CH01
2026-03-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-03-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-11
change-account-reference-date-company-previous-extended
accounts · AA01
2023-05-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12