IFIT HEALTH & FITNESS LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-05-31
Confirmation statement due
2026-12-13 (in 7mo)
Last made up 2025-11-29
Watchouts
None on the register
Cash
£2M
+7.4% vs 2023
Net assets
£9M
+10.3% vs 2023
Employees
36
0% vs 2023
Profit before tax
£709K
-82.2% vs 2023
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-05-31
| Metric | Trend | 2018-05-31 | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £20,938,349 | £20,735,893 | |
| Operating profit | — | — | — | — | — | £3,990,895 | £708,894 | |
| Profit before tax | — | — | — | — | — | £3,990,895 | £708,894 | |
| Net profit | — | — | — | — | — | £4,234,921 | £816,724 | |
| Cash | — | — | — | — | — | £2,179,383 | £2,340,054 | |
| Total assets less current liabilities | — | — | — | — | — | £7,967,138 | £8,783,862 | |
| Net assets | — | — | — | — | — | £7,967,138 | £8,783,862 | |
| Equity | £12,420,940 | £13,474,756 | £13,835,330 | £14,228,577 | £3,732,217 | £7,967,138 | £8,783,862 | |
| Average employees | — | — | — | — | — | 36 | 36 | |
| Wages | — | — | — | — | — | £1,492,776 | £1,739,966 | |
| Directors' remuneration | — | — | — | — | — | £273,544 | £333,647 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-05-31 vs 2023-05-31
-
Turnover
-1%
£20,938,349 £20,735,893
-
Cash
+7.4%
£2,179,383 £2,340,054
-
Net assets
+10.3%
£7,967,138 £8,783,862
-
Employees
0%
36 36
-
Operating profit
-82.2%
£3,990,895 £708,894
-
Profit before tax
-82.2%
£3,990,895 £708,894
-
Wages
+16.6%
£1,492,776 £1,739,966
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-05-31 | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 19.1% | 3.4% | |
| Net margin | — | — | — | — | — | 20.2% | 3.9% | |
| Return on capital employed | — | — | — | — | — | 50.1% | 8.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 56.3% | 34.4% | |
| Current ratio | — | — | — | — | — | 1.77x | 2.90x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- IFIT HEALTH & FITNESS LIMITED 2021-09-20 → present
- ICON HEALTH AND FITNESS LIMITED 1998-09-07 → 2021-09-20
- ICON FITNESS LIFESTYLE LIMITED 1995-01-13 → 1998-09-07
- READCO 101 LIMITED 1994-11-29 → 1995-01-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. Based on the above, the Directors are satisfied that there is no material uncertainty in respect of going concern.”
Significant events
- “During the year company saw a 1.2% reduction in revenue.”
- “A new national chain was added to the roster of customers who continue to look to iFIT when adding fitness equipment to their product portfolios.”
- “The company has continued to trade throughout 2024 and 2025, made significant cost reductions and met all obligations as they have fallen due.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2013-09-03 | — | — |
| KHAN, Faizan Ul Haq | Director | 2025-02-05 | Sep 1986 | Pakistani |
| RAMSEY, Dylan Scott | Director | 2024-01-02 | Apr 1977 | American |
| WILSON, Andrew Lockhart | Director | 2025-04-02 | May 1980 | American |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JACKSON, Guy Collingwood | Secretary | 1994-11-29 | 1994-12-22 |
| TRAF SHELF (NOMINEES) LIMITED | Corporate Secretary | 1994-12-22 | 2013-09-03 |
| BEARNSON, Brad | Director | 1995-11-10 | 2006-06-29 |
| BECK, Fred | Director | 1994-12-22 | 2013-03-26 |
| BROWN, Hugh Taylor Mark | Director | 1999-03-04 | 2002-05-24 |
| EVANS, David Philip | Director | 1994-12-22 | 1999-03-04 |
| GERARD, Dale | Director | 2023-12-13 | 2024-10-24 |
| GREEN, Jeremy Mark | Director | 1994-11-29 | 1994-12-22 |
| GROUT, Renaud | Director | 2010-02-01 | 2024-03-11 |
| JACKSON, Guy Collingwood | Director | 1994-11-29 | 1994-12-22 |
| LATO, Giovanni | Director | 1999-03-04 | 2002-05-24 |
| MCHALE, John | Director | 2024-01-02 | 2024-01-24 |
| RICHARD, Mark | Director | 2002-05-24 | 2010-01-31 |
| SMITH, Everett | Director | 2006-06-29 | 2023-12-13 |
| WEBB, Somer | Director | 2025-06-02 | 2025-11-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ifit Health & Fitness (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.