KIMM HEALTH AND LEISURE LTD
Opportunity 74/100 (strong), bankability 85/100. 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).
Refinance opportunity
2 live charges · 2 lenders · oldest 12.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (75/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-29 |
|---|---|
| Total assets | £-580.4k |
| Current assets | £32.1k |
| Cash | £10.2k |
| Debtors | £21.1k |
| Net assets | £-580.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 2 address
- • 2 address
- • 2 address
- • 1 mortgage
- • 1 confirmation-statement
Corporate timeline (28 events)Click to expand
- 2026-04-29📍default-companies-house-service-address-applied-pscaddress · RP10
- 2026-04-29📍default-companies-house-registered-office-address-appliedaddress · RP05
- 2026-01-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-19🔓Charge satisfied #2
- 2025-12-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-09-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-01-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-26📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-11-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-20🔒Charge registered #2Lender: Hsbc Bank PLC
- 2015-11-12🔓Charge satisfied #1
- 2015-11-09➕RACZ, Mike appointeddirector
- 2015-11-09➖KIMM, Austin Stewart resignedsecretary
- 2015-11-09➖KIMM, Alison Jacqueline resigneddirector
- 2015-11-09➖KIMM, Austin Stewart resigneddirector
- 2013-11-21🔒Charge registered #1Lender: National Westminster Bank PLC
- 2013-05-08🏢Company incorporatedAs KIMM HEALTH AND LEISURE LTD
- 2013-05-08➕KIMM, Austin Stewart appointedsecretary
- 2013-05-08➕KIMM, Alison Jacqueline appointeddirector
- 2013-05-08➕KIMM, Austin Stewart appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Gym Factory Gateshead Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Gym Factory Gateshead Limited Corporate entity | 75–100% | — | 75-100% shares | 01/07/2016 |
Mr Mike Racz Individual · British · DOB 02/1982 · age 44 | — | — | sig. influencesignificant influence | 01/07/2016 |
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.
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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 →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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 20/11/2015 | 19/01/2026 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 21/11/2013 | 12/11/2015 |