CN FITNESS LTD

🌳Matureactive
SC497545 · ltd · incorporated 2015-02-11
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£13.9k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Physical well-being activities
Sector: Other service activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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: Cash flow review and working-capital discipline. Cash down -34% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £13,939
Net assets shrinking
Down £6,972 YoY
Cash YoY
-34%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£17k
↓ 34% YoY
Net Worth
£14k
↓ 33% YoY
Current Assets
£17k
↓ 33% YoY
Current Liabilities
£0£5k£10k£15k£20k£26kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£16.3k£23.9k
Current assets£17.0k£25.5k
Cash£16.7k£25.2k
Debtors£323£322
Net assets£13.9k£20.9k

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
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 (18 events)Click to expand
  1. 2026-03-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-03-20
    GLOWACKA, Agnieszka Krystyna appointed
    director
  3. 2025-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-02-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2018-02-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-02-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2018-02-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2017-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-09-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-02-11
    🏢
    Company incorporated
    As CN FITNESS LTD
  18. 2015-02-11
    NICOL, Craig Hector appointed
    director

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Craig Hector Nicol
Individual · British · DOB 09/1991 · age 35
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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.

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Company details

Statusactive
Typeltd
Incorporated2015-02-11
Jurisdictionscotland
Primary SIC96040 — Physical well-being activities

Registered office

132 West North Street
Aberdeen
AB24 5AR
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-25
Last: 2026-02-11

Officers (2 active · 0 resigned)

GLOWACKA, Agnieszka Krystyna
director · ~45y · appointed 2026-03-20
View their other companies + combined net worth →
Active
NICOL, Craig Hector
director · ~35y · appointed 2015-02-11
View their other companies + combined net worth →
Active

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

Recent filings (27 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-01