towcester racecourse company,limited(the)
towcester racecourse company,limited(the) Company Information
Company Number
00230773
Next Accounts
Apr 2025
Shareholders
trustees of second baron hesketh's will trust
trustees of third baron hesketh's life interest 1993 settlement
View AllGroup Structure
View All
Industry
Operation of sports facilities
Registered Address
c/o interpath advisory, 2nd floor, birmingham, B3 2RT
Website
towcester-racecourse.co.uktowcester racecourse company,limited(the) Estimated Valuation
Pomanda estimates the enterprise value of TOWCESTER RACECOURSE COMPANY,LIMITED(THE) at £1.9m based on a Turnover of £3.4m and 0.54x industry multiple (adjusted for size and gross margin).
towcester racecourse company,limited(the) Estimated Valuation
Pomanda estimates the enterprise value of TOWCESTER RACECOURSE COMPANY,LIMITED(THE) at £0 based on an EBITDA of £-1.6m and a 2.43x industry multiple (adjusted for size and gross margin).
towcester racecourse company,limited(the) Estimated Valuation
Pomanda estimates the enterprise value of TOWCESTER RACECOURSE COMPANY,LIMITED(THE) at £0 based on Net Assets of £-5.2m and 1.82x industry multiple (adjusted for liquidity).
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Towcester Racecourse Company,limited(the) Overview
Towcester Racecourse Company,limited(the) is a dissolved company that was located in birmingham, B3 2RT with a Companies House number of 00230773. It operated in the operation of sports facilities sector, SIC Code 93110. Founded in May 1928, it's largest shareholder was trustees of second baron hesketh's will trust with a 55% stake. The last turnover for Towcester Racecourse Company,limited(the) was estimated at £3.4m.
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Towcester Racecourse Company,limited(the) Health Check
Pomanda's financial health check has awarded Towcester Racecourse Company,Limited(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £3.4m, make it larger than the average company (£699k)
£3.4m - Towcester Racecourse Company,limited(the)
£699k - Industry AVG
Growth
3 year (CAGR) sales growth of -49%, show it is growing at a slower rate (3.6%)
- Towcester Racecourse Company,limited(the)
3.6% - Industry AVG
Production
with a gross margin of 15.2%, this company has a higher cost of product (61.2%)
15.2% - Towcester Racecourse Company,limited(the)
61.2% - Industry AVG
Profitability
an operating margin of -59.5% make it less profitable than the average company (4%)
-59.5% - Towcester Racecourse Company,limited(the)
4% - Industry AVG
Employees
with 76 employees, this is above the industry average (28)
76 - Towcester Racecourse Company,limited(the)
28 - Industry AVG
Pay Structure
on an average salary of £16.6k, the company has an equivalent pay structure (£17.9k)
£16.6k - Towcester Racecourse Company,limited(the)
£17.9k - Industry AVG
Efficiency
resulting in sales per employee of £45.2k, this is equally as efficient (£42.3k)
£45.2k - Towcester Racecourse Company,limited(the)
£42.3k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is later than average (9 days)
18 days - Towcester Racecourse Company,limited(the)
9 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (43 days)
111 days - Towcester Racecourse Company,limited(the)
43 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (14 days)
9 days - Towcester Racecourse Company,limited(the)
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (33 weeks)
4 weeks - Towcester Racecourse Company,limited(the)
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 160.5%, this is a higher level of debt than the average (49.3%)
160.5% - Towcester Racecourse Company,limited(the)
49.3% - Industry AVG
TOWCESTER RACECOURSE COMPANY,LIMITED(THE) financials
Towcester Racecourse Company,Limited(The)'s latest turnover from December 2016 is £3.4 million and the company has net assets of -£5.2 million. According to their latest financial statements, Towcester Racecourse Company,Limited(The) has 76 employees and maintains cash reserves of £264.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|
| Turnover | 3,437,046 | 3,888,419 | 2,028,734 | 1,738,127 | |||
| Other Income Or Grants | |||||||
| Cost Of Sales | 2,916,258 | 2,856,405 | 766,182 | 686,798 | |||
| Gross Profit | 520,788 | 1,032,014 | 1,262,552 | 1,051,329 | |||
| Admin Expenses | 2,565,897 | 2,770,130 | 1,511,066 | 1,307,383 | |||
| Operating Profit | -2,045,109 | -1,738,116 | -248,514 | -256,054 | |||
| Interest Payable | 331,197 | 201,184 | 206,757 | 217,445 | |||
| Interest Receivable | |||||||
| Pre-Tax Profit | -2,376,306 | -1,939,300 | -455,271 | -473,499 | |||
| Tax | |||||||
| Profit After Tax | -2,376,306 | -1,939,300 | -455,271 | -473,499 | |||
| Dividends Paid | |||||||
| Retained Profit | -2,376,306 | -1,939,300 | -455,271 | -473,499 | |||
| Employee Costs | 1,261,111 | 1,329,058 | 284,980 | 276,265 | |||
| Number Of Employees | 76 | 113 | 12 | 12 | |||
| EBITDA* | -1,582,135 | -1,579,860 | -7,055 | 4,544 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,660,018 | 5,693,467 | 3,512,256 | 1,273,419 | 1,421,082 | 1,642,354 | 8,716,769 |
| Intangible Assets | 2,000,000 | 2,000,000 | 2,000,000 | 1,500,000 | 1,500,000 | 1,500,000 | 3,688,128 |
| Investments & Other | 156 | 4 | 4 | 4 | |||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 7,660,174 | 7,693,467 | 5,512,260 | 2,773,423 | 2,921,086 | 3,142,354 | 12,404,897 |
| Stock & work in progress | 77,796 | 42,287 | 49,857 | ||||
| Trade Debtors | 174,632 | 198,356 | 529,374 | 947,504 | 663,103 | 226,514 | 134,324 |
| Group Debtors | 36,172 | 352,347 | 352,347 | ||||
| Misc Debtors | 461,834 | 321,410 | 39,806 | 22,947 | |||
| Cash | 264,593 | 343,646 | 1,647,255 | 39,442 | 155,510 | 58,034 | 40,785 |
| misc current assets | |||||||
| total current assets | 978,855 | 941,871 | 2,226,486 | 986,946 | 818,613 | 676,701 | 550,403 |
| total assets | 8,639,029 | 8,635,338 | 7,738,746 | 3,760,369 | 3,739,699 | 3,819,055 | 12,955,300 |
| Bank overdraft | 1,947 | ||||||
| Bank loan | |||||||
| Trade Creditors | 888,189 | 783,905 | 1,484,567 | 591,964 | 484,189 | 516,523 | 456,684 |
| Group/Directors Accounts | 5,636,230 | 5,301,661 | |||||
| other short term finances | 1,560,000 | 2,000,000 | 2,000,000 | ||||
| hp & lease commitments | |||||||
| other current liabilities | 405,608 | 883,710 | 56,885 | 106,469 | |||
| total current liabilities | 2,855,744 | 1,667,615 | 1,484,567 | 591,964 | 484,189 | 8,209,638 | 7,864,814 |
| loans | 11,009,629 | 9,817,761 | |||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 7,808,871 | 7,837,429 | 7,933,871 | ||||
| provisions | |||||||
| total long term liabilities | 11,009,629 | 9,817,761 | 7,808,871 | 7,837,429 | 7,933,871 | ||
| total liabilities | 13,865,373 | 11,485,376 | 9,293,438 | 8,429,393 | 8,418,060 | 8,209,638 | 7,864,814 |
| net assets | -5,226,344 | -2,850,038 | -1,554,692 | -4,669,024 | -4,678,361 | -4,390,583 | 5,090,486 |
| total shareholders funds | -5,226,344 | -2,850,038 | -1,554,692 | -4,669,024 | -4,678,361 | -4,390,583 | 5,090,486 |
| Dec 2016 | Dec 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -2,045,109 | -1,738,116 | -248,514 | -256,054 | |||
| Depreciation | 462,974 | 158,256 | 33,354 | 268,148 | 239,409 | 241,459 | 260,598 |
| Amortisation | |||||||
| Tax | |||||||
| Stock | 35,509 | -7,570 | 49,857 | ||||
| Debtors | 80,528 | 26,564 | -418,130 | 284,401 | 44,436 | 109,049 | 509,618 |
| Creditors | 104,284 | -700,662 | 892,603 | 107,775 | -32,334 | 59,839 | 456,684 |
| Accruals and Deferred Income | -478,102 | 883,710 | -56,885 | -49,584 | 106,469 | ||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -2,071,990 | -1,415,806 | -105,849 | 58,079 | |||
| Investing Activities | |||||||
| capital expenditure | -313,582 | -2,000,229 | |||||
| Change in Investments | 156 | -4 | 4 | ||||
| cash flow from investments | -313,738 | -2,000,225 | |||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -5,636,230 | 334,569 | 5,301,661 | ||||
| Other Short Term Loans | 1,560,000 | -2,000,000 | 2,000,000 | ||||
| Long term loans | 1,191,868 | 9,817,761 | |||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -7,808,871 | -28,558 | -96,442 | 7,933,871 | |||
| share issue | |||||||
| interest | -331,197 | -201,184 | -206,757 | -217,445 | |||
| cash flow from financing | 2,420,671 | 2,451,660 | -8,897,986 | 12,648,201 | |||
| cash and cash equivalents | |||||||
| cash | -79,053 | -1,303,609 | 1,607,813 | -116,068 | 97,476 | 17,249 | 40,785 |
| overdraft | 1,947 | ||||||
| change in cash | -81,000 | -1,303,609 | 1,607,813 | -116,068 | 97,476 | 17,249 | 40,785 |
towcester racecourse company,limited(the) Credit Report and Business Information
Towcester Racecourse Company,limited(the) Competitor Analysis
Perform a competitor analysis for towcester racecourse company,limited(the) by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.
towcester racecourse company,limited(the) Ownership
TOWCESTER RACECOURSE COMPANY,LIMITED(THE) group structure
Towcester Racecourse Company,Limited(The) has no subsidiary companies.
Ultimate parent company
TOWCESTER RACECOURSE COMPANY,LIMITED(THE)
00230773
towcester racecourse company,limited(the) directors
Towcester Racecourse Company,Limited(The) currently has 7 directors. The longest serving directors include Lord Thomas Hesketh (Jun 1997) and The Hon Frederick Fermor-Hesketh (Sep 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Lord Thomas Hesketh | 74 years | Jun 1997 | - | Director | |
| The Hon Frederick Fermor-Hesketh | 36 years | Sep 2009 | - | Director | |
| Mr Simon Nicholls | United Kingdom | 56 years | Oct 2015 | - | Director |
| Mr Kevin Ackerman | 48 years | Feb 2017 | - | Director | |
| Mr Allan Booth | 71 years | Feb 2017 | - | Director | |
| Mr Peter Sparkes | England | 61 years | Feb 2018 | - | Director |
| Mrs Flora Goodwin | 43 years | Feb 2018 | - | Director |
P&L
December 2016turnover
3.4m
-12%
operating profit
-2m
+18%
gross margin
15.2%
-42.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
-5.2m
+0.83%
total assets
8.6m
0%
cash
264.6k
-0.23%
net assets
Total assets minus all liabilities
towcester racecourse company,limited(the) company details
company number
00230773
Type
Private limited with Share Capital
industry
93110 - Operation of sports facilities
incorporation date
May 1928
age
97
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2016
previous names
N/A
accountant
-
auditor
-
address
c/o interpath advisory, 2nd floor, birmingham, B3 2RT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
towcester racecourse company,limited(the) Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 11 charges/mortgages relating to towcester racecourse company,limited(the). Currently there are 1 open charges and 10 have been satisfied in the past.
towcester racecourse company,limited(the) Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for TOWCESTER RACECOURSE COMPANY,LIMITED(THE). This can take several minutes, an email will notify you when this has completed.
towcester racecourse company,limited(the) Companies House Filings - See Documents
| date | description | view/download |
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