racehorse owners association limited(the)
racehorse owners association limited(the) Company Information
Company Number
00398604
Next Accounts
Dec 2025
Shareholders
-
Group Structure
View All
Industry
Activities of other membership organisations n.e.c.
Registered Address
12 forbury road, reading, RG1 1SB
Website
http://racehorseowners.netracehorse owners association limited(the) Estimated Valuation
Pomanda estimates the enterprise value of RACEHORSE OWNERS ASSOCIATION LIMITED(THE) at £1.8m based on a Turnover of £1.9m and 0.95x industry multiple (adjusted for size and gross margin).
racehorse owners association limited(the) Estimated Valuation
Pomanda estimates the enterprise value of RACEHORSE OWNERS ASSOCIATION LIMITED(THE) at £0 based on an EBITDA of £-73.5k and a 6.36x industry multiple (adjusted for size and gross margin).
racehorse owners association limited(the) Estimated Valuation
Pomanda estimates the enterprise value of RACEHORSE OWNERS ASSOCIATION LIMITED(THE) at £1.8m based on Net Assets of £729.5k and 2.45x industry multiple (adjusted for liquidity).
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Racehorse Owners Association Limited(the) Overview
Racehorse Owners Association Limited(the) is a live company located in reading, RG1 1SB with a Companies House number of 00398604. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in September 1945, it's largest shareholder is unknown. Racehorse Owners Association Limited(the) is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.
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Racehorse Owners Association Limited(the) Health Check
Pomanda's financial health check has awarded Racehorse Owners Association Limited(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £1.9m, make it larger than the average company (£417.5k)
£1.9m - Racehorse Owners Association Limited(the)
£417.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.5%)
-2% - Racehorse Owners Association Limited(the)
7.5% - Industry AVG
Production
with a gross margin of 87.9%, this company has a comparable cost of product (87.9%)
87.9% - Racehorse Owners Association Limited(the)
87.9% - Industry AVG
Profitability
an operating margin of -9% make it less profitable than the average company (1.5%)
-9% - Racehorse Owners Association Limited(the)
1.5% - Industry AVG
Employees
with 9 employees, this is similar to the industry average (10)
9 - Racehorse Owners Association Limited(the)
10 - Industry AVG
Pay Structure
on an average salary of £27k, the company has an equivalent pay structure (£27k)
- Racehorse Owners Association Limited(the)
£27k - Industry AVG
Efficiency
resulting in sales per employee of £215k, this is more efficient (£52k)
£215k - Racehorse Owners Association Limited(the)
£52k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is near the average (13 days)
13 days - Racehorse Owners Association Limited(the)
13 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (30 days)
86 days - Racehorse Owners Association Limited(the)
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Racehorse Owners Association Limited(the)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (161 weeks)
21 weeks - Racehorse Owners Association Limited(the)
161 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.7%, this is a higher level of debt than the average (18.5%)
58.7% - Racehorse Owners Association Limited(the)
18.5% - Industry AVG
RACEHORSE OWNERS ASSOCIATION LIMITED(THE) financials
Racehorse Owners Association Limited(The)'s latest turnover from March 2024 is £1.9 million and the company has net assets of £729.5 thousand. According to their latest financial statements, Racehorse Owners Association Limited(The) has 9 employees and maintains cash reserves of £399 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,934,957 | 1,966,878 | 1,993,718 | 2,051,290 | 2,592,978 | 2,547,649 | 2,048,704 | 1,985,883 | 1,943,042 | 1,885,774 | 1,857,605 | 1,850,926 | 1,831,925 | 1,711,459 | 1,723,953 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 2,157,399 | ||||||||||||||
| Gross Profit | -163,681 | ||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -174,181 | -304,869 | -163,681 | 158,027 | -228,563 | 30,603 | 26,401 | 66,143 | 271,679 | 357,606 | 315,384 | 171,723 | 87,585 | 51,869 | 57,663 |
| Interest Payable | |||||||||||||||
| Interest Receivable | 15,936 | 6,753 | 1,963 | 4,246 | 8,335 | 14,029 | 13,959 | 21,390 | 25,976 | 20,775 | 15,712 | 10,452 | 9,470 | 8,004 | 4,922 |
| Pre-Tax Profit | -158,245 | -298,116 | -161,718 | 162,273 | -220,228 | 44,632 | 40,360 | 87,533 | 297,655 | 378,381 | 331,096 | 182,175 | 97,055 | 59,873 | 62,585 |
| Tax | -3,028 | -1,283 | -522 | -724 | -1,584 | -2,666 | -2,652 | -4,253 | -5,196 | -4,173 | -3,142 | -2,090 | -1,894 | -2,204 | -1,034 |
| Profit After Tax | -161,273 | -299,399 | -162,240 | 161,549 | -221,812 | 41,966 | 37,708 | 83,280 | 292,459 | 374,208 | 327,954 | 180,085 | 95,161 | 57,669 | 61,551 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -161,273 | -299,399 | -162,240 | 161,549 | -221,812 | 41,966 | 37,708 | 83,280 | 292,459 | 374,208 | 327,954 | 180,085 | 95,161 | 57,669 | 61,551 |
| Employee Costs | 410,518 | 408,586 | 407,029 | 455,658 | 471,489 | 454,554 | |||||||||
| Number Of Employees | 9 | 9 | 9 | 8 | 10 | 8 | 7 | 7 | 6 | 7 | 7 | 7 | 7 | 7 | |
| EBITDA* | -73,453 | -194,365 | -57,108 | 252,189 | -168,667 | 60,488 | 26,401 | 66,143 | 271,679 | 364,774 | 324,830 | 182,297 | 104,619 | 66,487 | 67,543 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 179,895 | 234,075 | 300,638 | 352,621 | 176,985 | 83,585 | 90,486 | 7,168 | 14,128 | 24,702 | 33,815 | 37,784 | |||
| Intangible Assets | 36,035 | 39,083 | 69,183 | 103,767 | 140,246 | 162,888 | |||||||||
| Investments & Other | 501,915 | 501,915 | 501,915 | 350,000 | 350,000 | 2 | 2 | 2 | 2 | ||||||
| Debtors (Due After 1 year) | 100,840 | 15,980 | 145,847 | 105,252 | 83,578 | 147,809 | 169,041 | ||||||||
| Total Fixed Assets | 717,845 | 775,073 | 871,736 | 806,388 | 667,231 | 246,473 | 191,326 | 15,980 | 145,847 | 105,252 | 90,746 | 161,939 | 193,745 | 33,817 | 37,786 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 73,341 | 28,787 | 26,340 | 5,330 | 92,763 | 25,567 | 41,416 | 75,739 | 55,922 | 56,726 | 56,449 | 50,560 | 39,127 | 77,437 | 52,872 |
| Group Debtors | 173,864 | 223,162 | 214,674 | 68,586 | 25,313 | 127,639 | 209,842 | 151,812 | |||||||
| Misc Debtors | 134,984 | 130,199 | 171,854 | 124,932 | 232,652 | 413,867 | 173,921 | 55,046 | 213,192 | 147,713 | 86,864 | 11,719 | 55,446 | 75,897 | 92,340 |
| Cash | 398,998 | 425,744 | 100,930 | 245,811 | 315,929 | 169,502 | 313,978 | 789,266 | 525,426 | 167,923 | 364,473 | 33,079 | 132,864 | 14,648 | 438,015 |
| misc current assets | 267,680 | 322,779 | 889,207 | 1,317,821 | 1,313,575 | 1,740,215 | 2,031,250 | 1,622,696 | 1,612,797 | 1,362,662 | 881,567 | 771,651 | 511,200 | 512,780 | |
| total current assets | 1,048,867 | 1,130,671 | 1,403,005 | 1,762,480 | 1,980,232 | 2,476,790 | 2,560,565 | 2,542,747 | 2,407,337 | 1,735,024 | 1,389,353 | 867,009 | 738,637 | 890,604 | 735,039 |
| total assets | 1,766,712 | 1,905,744 | 2,274,741 | 2,568,868 | 2,647,463 | 2,723,263 | 2,751,891 | 2,558,727 | 2,553,184 | 1,840,276 | 1,480,099 | 1,028,948 | 932,382 | 924,421 | 772,825 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 55,171 | 21,106 | 36,619 | 63,313 | 134,741 | 67,884 | 433,294 | 388,109 | 436,444 | 63,980 | 57,854 | 48,600 | 150,619 | 175,040 | 150,496 |
| Group/Directors Accounts | 27,773 | 54,539 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 921,997 | 933,821 | 987,906 | 1,093,099 | 1,294,042 | 1,188,121 | 947,844 | 837,573 | 866,975 | 818,990 | 839,147 | 109,634 | 91,134 | 153,913 | 84,530 |
| total current liabilities | 977,168 | 954,927 | 1,024,525 | 1,156,412 | 1,456,556 | 1,310,544 | 1,381,138 | 1,225,682 | 1,303,419 | 882,970 | 897,001 | 158,234 | 241,753 | 328,953 | 235,026 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 60,000 | 60,000 | 60,000 | 60,000 | |||||||||||
| total long term liabilities | 60,000 | 60,000 | 60,000 | 60,000 | |||||||||||
| total liabilities | 1,037,168 | 1,014,927 | 1,084,525 | 1,216,412 | 1,456,556 | 1,310,544 | 1,381,138 | 1,225,682 | 1,303,419 | 882,970 | 897,001 | 158,234 | 241,753 | 328,953 | 235,026 |
| net assets | 729,544 | 890,817 | 1,190,216 | 1,352,456 | 1,190,907 | 1,412,719 | 1,370,753 | 1,333,045 | 1,249,765 | 957,306 | 583,098 | 870,714 | 690,629 | 595,468 | 537,799 |
| total shareholders funds | 729,544 | 890,817 | 1,190,216 | 1,352,456 | 1,190,907 | 1,412,719 | 1,370,753 | 1,333,045 | 1,249,765 | 957,306 | 583,098 | 870,714 | 690,629 | 595,468 | 537,799 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -174,181 | -304,869 | -163,681 | 158,027 | -228,563 | 30,603 | 26,401 | 66,143 | 271,679 | 357,606 | 315,384 | 171,723 | 87,585 | 51,869 | 57,663 |
| Depreciation | 54,562 | 67,239 | 66,814 | 55,068 | 20,695 | 12,798 | 7,168 | 9,446 | 10,574 | 17,034 | 14,618 | 9,880 | |||
| Amortisation | 46,166 | 43,265 | 39,759 | 39,094 | 39,201 | 17,087 | |||||||||
| Tax | -3,028 | -1,283 | -522 | -724 | -1,584 | -2,666 | -2,652 | -4,253 | -5,196 | -4,173 | -3,142 | -2,090 | -1,894 | -2,204 | -1,034 |
| Stock | |||||||||||||||
| Debtors | 41 | -30,720 | 214,020 | -151,880 | -216,345 | 250,896 | 169,412 | -268,196 | 105,270 | 82,800 | 16,803 | -53,526 | -99,562 | 66,152 | 297,024 |
| Creditors | 34,065 | -15,513 | -26,694 | -71,428 | 66,857 | -365,410 | 45,185 | -48,335 | 372,464 | 6,126 | 9,254 | -102,019 | -24,421 | 24,544 | 150,496 |
| Accruals and Deferred Income | -11,824 | -54,085 | -105,193 | -200,943 | 105,921 | 240,277 | 110,271 | -29,402 | 47,985 | -20,157 | 729,513 | 18,500 | -62,779 | 69,383 | 84,530 |
| Deferred Taxes & Provisions | 60,000 | ||||||||||||||
| Cash flow from operations | -54,281 | -234,526 | -403,537 | 190,974 | 218,872 | -318,207 | 252,349 | 581,662 | 263,770 | 1,043,652 | 150,214 | 115,087 | 92,058 | 4,511 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 151,915 | 350,000 | -2 | 2 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -27,773 | -26,766 | 54,539 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 15,936 | 6,753 | 1,963 | 4,246 | 8,335 | 14,029 | 13,959 | 21,390 | 25,976 | 20,775 | 15,712 | 10,452 | 9,470 | 8,004 | 4,922 |
| cash flow from financing | 15,936 | 6,753 | 1,963 | -23,527 | -18,431 | 68,568 | 13,959 | 21,390 | 25,976 | 20,775 | -599,858 | 10,452 | 9,470 | 8,004 | 481,170 |
| cash and cash equivalents | |||||||||||||||
| cash | -26,746 | 324,814 | -144,881 | -70,118 | 146,427 | -144,476 | -475,288 | 263,840 | 357,503 | -196,550 | 331,394 | -99,785 | 118,216 | -423,367 | 438,015 |
| overdraft | |||||||||||||||
| change in cash | -26,746 | 324,814 | -144,881 | -70,118 | 146,427 | -144,476 | -475,288 | 263,840 | 357,503 | -196,550 | 331,394 | -99,785 | 118,216 | -423,367 | 438,015 |
racehorse owners association limited(the) Credit Report and Business Information
Racehorse Owners Association Limited(the) Competitor Analysis
Perform a competitor analysis for racehorse owners association limited(the) by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.
racehorse owners association limited(the) Ownership
RACEHORSE OWNERS ASSOCIATION LIMITED(THE) group structure
Racehorse Owners Association Limited(The) has no subsidiary companies.
Ultimate parent company
RACEHORSE OWNERS ASSOCIATION LIMITED(THE)
00398604
racehorse owners association limited(the) directors
Racehorse Owners Association Limited(The) currently has 13 directors. The longest serving directors include Mr Charles Parker (Jun 2015) and Mr Christopher Wright Cbe (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Parker | England | 60 years | Jun 2015 | - | Director |
| Mr Christopher Wright Cbe | England | 80 years | Jun 2016 | - | Director |
| Mr Alan Spence | 77 years | Jul 2017 | - | Director | |
| Ms Celia Djivanovic | England | 62 years | Jul 2018 | - | Director |
| Mr Robert Goff | England | 58 years | Jul 2019 | - | Director |
| Miss Gay Kelleway | England | 61 years | Sep 2020 | - | Director |
| Mr Charles Liverton | England | 51 years | Sep 2021 | - | Director |
| Mr Philip Davies | England | 53 years | Sep 2021 | - | Director |
| Mr Khalid Almudhaf | England | 56 years | Sep 2021 | - | Director |
| Mrs Amanda Hamilton-Fairley | England | 62 years | Sep 2021 | - | Director |
P&L
March 2024turnover
1.9m
-2%
operating profit
-174.2k
-43%
gross margin
88%
-1.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
729.5k
-0.18%
total assets
1.8m
-0.07%
cash
399k
-0.06%
net assets
Total assets minus all liabilities
racehorse owners association limited(the) company details
company number
00398604
Type
Private Ltd By Guarantee w/o Share Cap
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
September 1945
age
80
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
RSM UK TAX AND ACCOUNTING LIMITED
address
12 forbury road, reading, RG1 1SB
Bank
-
Legal Advisor
-
racehorse owners association 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 1 charges/mortgages relating to racehorse owners association limited(the). Currently there are 1 open charges and 0 have been satisfied in the past.
racehorse owners association 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.
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racehorse owners association limited(the) Companies House Filings - See Documents
| date | description | view/download |
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