24FITNESS LTD
- · Oldest live charge 7.5y old — refinance window within 12 months
Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 7.5y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 7.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £119.3k | £132.3k |
| Current assets | £108.1k | £72.6k |
| Cash | £102.8k | £26.7k |
| Debtors | £5.3k | £45.9k |
| Net assets | £88.3k | £55.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 capital
- • 1 resolution
- • 1 incorporation
- • 2 capital
- • 1 resolution
- • 1 incorporation
Corporate timeline (19 events)Click to expand
- 2026-04-21📄capital-alter-shares-subdivisioncapital · SH02
- 2026-04-21📄resolutionresolution · RESOLUTIONS
- 2026-04-21📄memorandum-articlesincorporation · MA
- 2026-02-05📄capital-allotment-sharescapital · SH01
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-12-19📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2018-12-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-11-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-11-28🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2018-11-13➕PATEL, Uma appointeddirector
- 2018-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-07-24🏢Company incorporatedAs 24FITNESS LTD
- 2017-07-24➕PATTANI, Ashish Mansukh 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.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ashish Mansukh Pattani Individual · British · DOB 04/1974 · age 52 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 24/07/2017 |
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
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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 →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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 28/11/2018 | — |