ESCAPE FITNESS LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Material uncertainty over going concern

  The Directors are aware of a material uncertainty regarding a key supplier in the Far East. The balance with this supplier has accumulated to a level exceeding standard trading terms and repayment is being made over an extended period, with the supplier's support. This has resulted in a net current liability position. The supplier has indicated their ongoing support by agreeing to extended terms, and the Directors are confident of maintaining a positive relationship with them, which has now been ongoing for well over two decades. However, in the unlikely event that the supplier was to demand repayment in full at short notice, the Group would face challenges in meeting such an obligation. Also, if the demand for commercial fitness equipment does not return to pre-pandemic levels as quickly as forecasted, or if there are delays in the implementation of new product ranges, then this would have a negative impact on the forecasted revenues and future cash flows. In such circumstances, the Directors would need to take steps in order to raise further funds in order to meet cash outflows. Whilst plans are in place, there is still uncertainty over how quickly these plans can be implemented.

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

• Turnover

  -22.5%

  £19,792,689 → £15,332,496

• Cash

  +177.2%

  £154,322 → £427,766

• Net assets

  -31.9%

  £942,588 → £641,523

• Employees

  -7.2%

  83 → 77

• Operating profit

  +296.4%

  £110,955 → £439,860

• Profit before tax

  +80%

  -£169,136 → -£33,893

• Wages

  -5.6%

  £2,818,582 → £2,660,165

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors are aware of a material uncertainty regarding a key supplier in the Far East. The balance with this supplier has accumulated to a level exceeding standard trading terms and repayment is being made over an extended period, with the supplier's support. This has resulted in a net current liability position. The supplier has indicated their ongoing support by agreeing to extended terms, and the Directors are confident of maintaining a positive relationship with them, which has now been ongoing for well over two decades. However, in the unlikely event that the supplier was to demand repayment in full at short notice, the Group would face challenges in meeting such an obligation. Also, if the demand for commercial fitness equipment does not return to pre-pandemic levels as quickly as forecasted, or if there are delays in the implementation of new product ranges, then this would have a negative impact on the forecasted revenues and future cash flows. In such circumstances, the Directors would need to take steps in order to raise further funds in order to meet cash outflows. Whilst plans are in place, there is still uncertainty over how quickly these plans can be implemented.”

Group structure

1. ESCAPE FITNESS LIMITED · parent
   1. Escape Fitness GmbH 100% · Germany
   2. Escape Fitness Poland Sp.z.o.o 100% · Poland
   3. Escape Fitness USA LLC 100% · USA
   4. Escape Technologies Limited 100% · UK

Significant events

• “Post year end, the Group has sold one of the Freehold properties to the Escape Fitness Limited Retirement Benefit Scheme and are leasing it back. There have been no other significant events affecting the Group since the year end.”
• “But now the Group has engaged the services of full time Intellectual Property (IP) professionals to aggressively protect its intellectual property.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.