3M FITNESS LIMITED

💤Zombieactive
11593109 · ltd · incorporated 2018-09-27
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 2025
Net worth
book net assets
Opportunity
68/100
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 68/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 7.3y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 7.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
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 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30

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
1
filing
  • 1 officers
Last 180 days
3
filings
  • 1 officers
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-19
    MITROVIC, Mateja resigned
    director
  2. 2026-02-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-06-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-06-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-06-03
    📄
    legacy
    capital · SH20
  8. 2025-06-03
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  9. 2025-06-03
    ⚠️
    legacy
    insolvency · CAP-SS
  10. 2025-06-03
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2025-05-29
    📄
    capital-alter-shares-subdivision
    capital · SH02
  12. 2025-02-12
    📄
    capital-allotment-shares
    capital · SH01
  13. 2024-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-04-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-08-10
    📄
    capital-alter-shares-subdivision
    capital · SH02
  16. 2022-07-29
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2022-03-22
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  18. 2021-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2021-11-06
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2021-03-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2020-06-15
    JAYASURIYA, Matisse Henri Gregory resigned
    director
  22. 2019-02-01
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  23. 2018-09-27
    🏢
    Company incorporated
    As 3M FITNESS LIMITED
  24. 2018-09-27
    THORBURN, Michael Andrew appointed
    director
  25. 2018-09-27
    JAYASURIYA, Matisse Henri Gregory appointed
    director
  26. 2018-09-27
    MITROVIC, Mateja appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-06-03: legacy

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Andrew Thorburn
Individual · British · DOB 11/1987 · age 39
75100%
75–100%board control75-100% shares · 75-100% voting · board control27/09/2018
2 historic (ceased) PSCs
  • Mr Mateja Mitrovicceased 03/06/2025· 25-50% shares · 25-50% voting · board control
  • Mr Matisse Henri Gregory Jayasuriyaceased 27/03/2019· 25-50% shares · 25-50% voting · board control

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

8 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
Incorporated2018-09-27
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

243-251 Putney Bridge Road
London
SW15 2PU
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-02-20
Last: 2026-02-06

Officers (1 active · 2 resigned)

THORBURN, Michael Andrew
director · ~39y · appointed 2018-09-27
View their other companies + combined net worth →
Active
JAYASURIYA, Matisse Henri Gregory
director · ~39y · appointed 2018-09-27 · resigned 2020-06-15
Resigned
MITROVIC, Mateja
director · ~34y · appointed 2018-09-27 · resigned 2026-02-19
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge01/02/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-02-19
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-03
legacy
capital · SH20
2025-06-03
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-06-03
legacy
insolvency · CAP-SS
2025-06-03
resolution
resolution · RESOLUTIONS
2025-06-03
capital-alter-shares-subdivision
capital · SH02
2025-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-12
capital-allotment-shares
capital · SH01
2025-02-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-06