Gymshark Ltd (08130873) — Company Analyst

Company details

Type: Private Limited Company
Incorporated: 2012-07-05
Country of origin: United Kingdom

Accounts & filings

Accounts last filed: 2024-07-31 · FULL
Next accounts due: 2026-04-30 49 days overdue
Confirmation statement: last made up 2026-01-19 · next due 2027-02-02

View full filing history at Companies House →

Registered office

G.s.h.q. Blythe Valley Park
3 Central Boulevard
Solihull
B90 8ab

Peer comparison

Compared against 60 UK companies in the broader 47xxx sector (this company is in 47190 — Other retail sale in non-specialised stores; not enough peers in that exact SIC to compare) within the Large bracket (£10M–£100M net assets).

Net assets Above typical

P25: £11,585,233 median: £15,431,570 P75: £22,978,284

This company: £60,023,000 (based on 60 peers)
Cash Above typical

P25: £676,850 median: £2,761,473 P75: £6,357,183

This company: £70,377,000 (based on 54 peers)
Fixed assets Typical

P25: £2,673,098 median: £7,954,974 P75: £17,268,034

This company: £13,777,000 (based on 46 peers)
Current assets Above typical

P25: £9,861,214 median: £13,310,582 P75: £19,888,654

This company: £106,645,000 (based on 58 peers)
Equity Above typical

P25: £11,933,716 median: £16,895,822 P75: £23,049,318

This company: £60,023,000 (based on 55 peers)
Turnover Above typical

P25: £12,932,321 median: £30,004,511 P75: £52,564,087

This company: £260,674,000 (based on 16 peers)
Average employees Above typical

P25: 10 median: 50 P75: 190

This company: 377 (based on 59 peers)

Median = midpoint figure across peers. P25 / P75 = the 25th / 75th percentile range that contains the middle half of peers (the "typical" band).

Analysis

AI

Gymshark posted strong growth to July 2020, with turnover hitting £260.7m and profit before tax of £30.2m.

What stands out

Revenue grew from £176.2m to £260.7m between 2019 and 2020 — a substantial jump for a company founded just a decade ago — while gross profit rose from £117.6m to £177.0m over the same period.
The gross margin stands at 68%, meaning the company retains a large share of each sale after production and sourcing costs, which is unusually high for a retail business and suggests strong brand pricing power.
Cash on the balance sheet nearly doubled from £30.2m to £70.4m, and the current ratio (current assets divided by short-term liabilities) is 1.91 — meaning the business has comfortably more short-term assets than short-term debts.

Worth checking

The operating margin is 12%, which — while healthy — is notably lower than the 68% gross margin. That gap reflects significant spending between gross profit and operating profit (likely marketing, staff, and logistics), which is worth understanding given Gymshark's heavy reliance on influencer and digital marketing.
Headcount grew from 261 to 377 employees, and revenue per employee stands at £691k — a high figure, but investors or observers may want to track whether this efficiency is maintained as the workforce continues to expand.
These accounts only run to July 2020, so they are now several years old. The ownership structure has also recently changed — control passed from Gymshark Holdings Limited to Gymshark Group Limited in July 2025 — and more recent filings would be needed to assess the current financial position.

Analysis is based on two years of filed accounts (to July 2020); the picture may have changed materially given the company's rapid growth trajectory and the restructuring of its parent entity in 2025.

Financial health

Derived from the filed accounts to Jul 2020. Figures only — not advice.

1.91

Current ratio

66%

Cash buffer

68%

Gross margin

12%

Operating margin

£691k

Revenue / employee

Positive net worth of £60.0m (assets exceed liabilities).

Accounts

Based on this company's latest filed accounts (to Jul 2020) · Full accounts — profit & loss and balance sheet.
Note: these are the most recent machine-readable accounts on file, but they're now over two years old — more recent filings may not yet be available in a readable format.

Year ending	Jul 2020	Jul 2019
Profit & loss
Turnover	£260,674,000 ↑48.0%	£176,164,000
Gross profit	£176,991,000 ↑50.5%	£117,575,000
Operating profit	£30,585,000 ↑64.9%	£18,550,000
Profit before tax	£30,170,000 ↑63.6%	£18,439,000
Balance sheet
Fixed assets	£13,777,000 ↑26.6%	£10,880,000
Current assets	£106,645,000 ↑64.7%	£64,762,000
Cash	£70,377,000 ↑132.9%	£30,224,000
Net current assets	£50,756,000 ↑56.7%	£32,389,000
Net assets	£60,023,000 ↑57.2%	£38,191,000
Equity	£60,023,000 ↑57.2%	£38,191,000
Other
Average employees	377 ↑44.4%	261

Source: filed iXBRL accounts at Companies House. P&L items are only published by medium and large companies; small companies file abridged or micro-entity accounts where the P&L is not public.

Industry (SIC codes)

47190 · Other retail sale in non-specialised stores

Officers (11)

Sanders, Richard Elliot Burgess · Director appointed 2025-02-01
Mcelhinney, Noel Anthony · Director appointed 2023-04-01
Reed, Christopher Ian · Secretary appointed 2020-10-19
Francis, Benjamin · Director appointed 2012-07-05
Dunn, Mathew James · Director appointed 2023-01-09 resigned 2024-11-19
Chana, Niran · Director appointed 2022-08-01 resigned 2023-06-22
Daw, Philip · Director appointed 2019-04-01 resigned 2022-12-31
Hewitt, Steven Gerard · Director appointed 2015-06-01 resigned 2022-07-31
Richardson, Paul Stephen · Director appointed 2015-06-01 resigned 2022-03-31
Chapple, Richard David Mark · Director appointed 2017-10-01 resigned 2018-10-29
Morgan, Lewis · Director appointed 2012-07-05 resigned 2016-09-21

People with significant control (4)

Gymshark Holdings Limited Ceased 2025-07-31

Corporate Entity Psc · notified 2017-01-18

Ownership of shares 75 to 100 percent Voting rights 75 to 100 percent
Mr Lewis Morgan Ceased 2017-01-18

Individual Psc · British · resident in United Kingdom · born 6/1992 · notified 2016-04-06

Ownership of shares 25 to 50 percent
Mr Benjamin Francis Ceased 2017-01-18

Individual Psc · British · resident in England · born 6/1992 · notified 2016-04-06

Ownership of shares 25 to 50 percent
Gymshark Group Limited Active

Corporate Entity Psc · notified 2025-07-31

Ownership of shares 75 to 100 percent Voting rights 75 to 100 percent

Mortgages & charges (4)

All charges satisfied.

A registered charge Satisfied 081308730004

Held by Hsbc UK Bank PLC as Security Agent

Created 2021-12-22 · satisfied 2024-05-29
A registered charge Satisfied 081308730003

Held by Hsbc UK Bank PLC as Security Trustee

Created 2021-12-22 · satisfied 2024-05-29
A registered charge Satisfied 081308730002

Held by Hsbc Bank PLC

Created 2016-10-04 · satisfied 2024-05-29

A general pledge.
A registered charge Satisfied 081308730001

Held by Hsbc Bank PLC

Created 2015-08-24 · satisfied 2024-05-29

A fixed and floating charge over all assets.

Recent filings (15)

2026-05-10 Full accounts (paper) AA Accounts
2026-01-22 Confirmation statement (with updates) CS01 Confirmation statement
2025-11-14 Notification of a person with significant control PSC02 PSC
2025-11-14 Cessation of a person with significant control PSC07 PSC
2025-09-26 Change to a person with significant control PSC05 PSC
2025-04-28 Full accounts (paper) AA Accounts
2025-02-13 Appointment of director AP01 Officers
2025-01-22 Confirmation statement (no updates) CS01 Confirmation statement
2024-12-03 Termination director company with name termination date TM01 Officers
2024-05-29 Mortgage satisfy charge full MR04 Mortgage
2024-05-29 Mortgage satisfy charge full MR04 Mortgage
2024-05-29 Mortgage satisfy charge full MR04 Mortgage
2024-05-29 Mortgage satisfy charge full MR04 Mortgage
2024-04-25 Change to a person with significant control PSC05 PSC
2024-02-20 Full accounts (paper) AA Accounts

Showing the 15 most recent filings. View full filing history at Companies House.