TBFITNESS LTD

Executive Summary

TBFITNESS LTD is a small, single-director fitness services company exhibiting significant liquidity pressures and declining net assets. While regulatory compliance is maintained, financial fragility and operational concentration present high risk for investors. Further detailed financial and operational due diligence is recommended to evaluate sustainability.

TBFITNESS LTD - Analysis Report

Company Number: 12978513

Analysis Date: 2025-07-29 20:51 UTC

1. Risk Rating: HIGH
   TBFITNESS LTD exhibits a fragile financial position with minimal net assets (£47 in 2024, down from £217 in 2023) and current liabilities exceeding current assets, indicating liquidity stress. The company’s micro-entity status and sole director/shareholder structure further elevate governance and operational concentration risks.

2. Key Concerns:

• Liquidity Deficit: Current liabilities (£3,417) exceed current assets (£2,492) as of 2024, suggesting potential difficulty in meeting short-term obligations.
• Declining Net Assets: The net assets reduced sharply from £217 in 2023 to £47 in 2024, reflecting erosion of equity and possible operational losses.
• Limited Scale and Diversification: Single employee (the director) and 100% ownership concentration limit operational resilience and increase dependency on one individual.

3. Positive Indicators:

• Compliance and Timely Filings: Accounts and confirmation statements are filed on time with no overdue reports, indicating good regulatory compliance.
• Stable Fixed Assets: Fixed assets remain relatively stable (£972 in 2024), which may represent essential equipment or investment supporting business continuity.
• Clear Ownership and Control: Transparent ownership structure with full control by Mr. Thomas Berry, enabling swift decision-making.

4. Due Diligence Notes:

• Cash Flow Analysis: Investigate detailed cash flow statements to assess actual liquidity availability and operating cash generation.
• Profitability Trends: Review profit and loss accounts to understand causes behind net asset decline and sustainability of earnings.
• Business Model Viability: Evaluate the operational model, customer base, and market positioning considering the company’s singular director and employee.
• Director’s Background and Capacity: Assess Mr. Berry’s capacity to manage operational, financial, and regulatory responsibilities given sole control and employment.
• Contingent Liabilities or Off-Balance Sheet Risks: Confirm absence of liabilities not reflected in micro-entity accounts.