24N FITNESS LTD
🌿Early-stageactive
14437446 · ltd · incorporated 2022-10-24
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-454.0k
book net assets
Opportunity
71/100
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 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 2.0y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.0 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
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 105 (micro)Negative net assets
Liabilities exceed assets by £454,006
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£454k
Current Assets
£90k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £430.5k | — |
| Current assets | £89.6k | — |
| Net assets | £-454.0k | — |
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
2
filings
- • 1 officers
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-03-11➕VERA, Luis Alejandro appointeddirector
- 2026-03-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-01-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-08-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-07-11📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-06-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-22🔒Charge registered #1Lender: Reward Finance Group Limited
- 2023-11-29📄capital-allotment-sharescapital · SH01
- 2023-11-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-11-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-10-24🏢Company incorporatedAs 24N FITNESS LTD
- 2022-10-24➕BATHGATE, Stuart Thomas Pye appointeddirector
- 2022-10-24📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Saud Al Romaizan Individual · Saudi Arabian · DOB 11/1988 · age 38 | 50–75% | — | 50-75% shares | 08/01/2025 |
Luis Alejandro Vera Individual · British · DOB 06/1983 · age 43 | 25–50% | — | 25-50% shares | 29/11/2023 |
2 historic (ceased) PSCs
- Saud Al Romaizanceased 29/05/2024· 50-75% shares
- Mr Stuart Thomas Pye Bathgateceased 29/11/2023· 75-100% shares · 75-100% 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 →Similar companies
Active · Leisure & entertainment · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 03 COACHING LTD→ 15090301 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 10IRONWOMEN LTD→ 15378640 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 13 PERFORMING ARTS SCHOOL LTD→ 08663615 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 1416 FITNESS LTD→ 15946857 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 200 SPORTS MANAGEMENT LIMITED→ 16213506 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 208NETBALL LTD→ 17011700 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 2108 LIMITED→ 16520527 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 23 STUDIOS MCR LTD→ 15253693 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 23:13 MANAGEMENT LTD→ 17064079 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 3 AMIGOS ENTERTAINMENT LIMITED→ 07242737 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 379 DEGREES TRAVEL LTD→ 16442068 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3DFC PROMOTIONS LTD→ 17111052 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2022-10-24
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities
Registered office
162-164 Walkden Road
Worsley
Manchester
M28 7DP
England
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-01-29
Last: 2026-01-15
Officers (2 active · 0 resigned)
BATHGATE, Stuart Thomas Pye→
Activedirector · ~36y · appointed 2022-10-24
View their other companies + combined net worth →
VERA, Luis Alejandro→
Activedirector · ~43y · appointed 2026-03-11
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Reward Finance Group Reward Finance Group Limited | A registered charge | 1 property | 22/04/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-01-14
accounts-with-accounts-type-dormant
accounts · AA
2024-08-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-29
capital-allotment-shares
capital · SH01
2023-11-29