raceform limited

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raceform limited Company Information

Share RACEFORM LIMITED

Company Number

00462444

Directors

Mark Renshaw

Shareholders

stradbrook holdings limited

Group Structure

View All

Industry

Publishing of newspapers

 +2

Registered Address

the old rectory church street, weybridge, surrey, KT13 8DE

raceform limited Estimated Valuation

£601.4k

Pomanda estimates the enterprise value of RACEFORM LIMITED at £601.4k based on a Turnover of £841k and 0.72x industry multiple (adjusted for size and gross margin).

raceform limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of RACEFORM LIMITED at £1.7m based on an EBITDA of £415.7k and a 4.11x industry multiple (adjusted for size and gross margin).

raceform limited Estimated Valuation

£16.9m

Pomanda estimates the enterprise value of RACEFORM LIMITED at £16.9m based on Net Assets of £9.3m and 1.81x industry multiple (adjusted for liquidity).

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Raceform Limited Overview

Raceform Limited is a live company located in surrey, KT13 8DE with a Companies House number of 00462444. It operates in the book publishing sector, SIC Code 58110. Founded in December 1948, it's largest shareholder is stradbrook holdings limited with a 100% stake. Raceform Limited is a mature, small sized company, Pomanda has estimated its turnover at £841k with declining growth in recent years.

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Raceform Limited Health Check

Pomanda's financial health check has awarded Raceform Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

4 Weak

size

Size

annual sales of £841k, make it smaller than the average company (£5.7m)

£841k - Raceform Limited

£5.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (1.9%)

0% - Raceform Limited

1.9% - Industry AVG

production

Production

with a gross margin of 66.1%, this company has a lower cost of product (48%)

66.1% - Raceform Limited

48% - Industry AVG

profitability

Profitability

an operating margin of 49.4% make it more profitable than the average company (4.5%)

49.4% - Raceform Limited

4.5% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (58)

4 - Raceform Limited

58 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Raceform Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £210.3k, this is more efficient (£146.6k)

£210.3k - Raceform Limited

£146.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is earlier than average (46 days)

12 days - Raceform Limited

46 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Raceform Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Raceform Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)

0 weeks - Raceform Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 3.6%, this is a lower level of debt than the average (53.4%)

3.6% - Raceform Limited

53.4% - Industry AVG

RACEFORM LIMITED financials

EXPORTms excel logo

Raceform Limited's latest turnover from December 2023 is £841 thousand and the company has net assets of £9.3 million. According to their latest financial statements, we estimate that Raceform Limited has 4 employees and maintains cash reserves of £6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover841,000900,000854,000853,0002,246,0002,264,0002,283,0002,396,3562,557,9052,715,1682,680,4323,002,0713,015,2324,007,2484,503,117
Other Income Or Grants
Cost Of Sales285,000292,000261,000351,000934,0001,074,0001,017,0001,043,7841,174,2861,306,4401,251,1091,432,9561,486,1641,803,8252,013,571
Gross Profit556,000608,000593,000502,0001,312,0001,190,0001,266,0001,352,5721,383,6191,408,7281,429,3231,569,1151,529,0682,203,4232,489,546
Admin Expenses140,315-162,055-99,566297,069665,266779,478882,287931,454857,124984,6681,138,1091,218,1021,158,7041,283,1651,313,232
Operating Profit415,685770,055692,566204,931646,734410,522383,713421,118526,495424,060291,214351,013370,364920,2581,176,314
Interest Payable
Interest Receivable
Pre-Tax Profit313,000625,000561,000166,000524,000334,000313,000340,991526,495424,060291,214351,013370,364920,2581,176,314
Tax-1,000-1,000-1,000-1,000-3,583666332-1,0194,9833,4695,367-4,507
Profit After Tax312,000624,000561,000166,000524,000333,000312,000337,408527,161424,392290,195355,996373,833925,6251,171,807
Dividends Paid
Retained Profit312,000624,000561,000166,000524,000333,000312,000337,408527,161424,392290,195355,996373,833925,6251,171,807
Employee Costs175,000246,000282,000717,000704,329798,956840,365899,493928,762800,743989,1161,032,955
Number Of Employees4559914141515161619212325
EBITDA*415,685770,055693,566461,931648,734413,522385,713423,923526,520433,718301,677373,233395,468939,8901,188,327

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets259,68320,14641,86666,02053,765
Intangible Assets1,0001,0002,0007,0007,0004,1651,125
Investments & Other125,000125,000125,000125,000125,000125,000125,000125,001125,001125,001125,001125,001125,001125,001125,001
Debtors (Due After 1 year)
Total Fixed Assets125,000125,000126,000126,000127,000132,000132,000129,166126,126125,026134,684145,147166,867191,021178,766
Stock & work in progress51,25013,26531,25051,25044,2435,800
Trade Debtors29,00056,00052,000100,000163,00029,0007,177,000307,103176,136123,94517,16761,251
Group Debtors9,344,0009,056,0008,450,0008,008,0007,744,0007,416,0005,845,2185,629,0195,400,8414,934,7194,318,8494,110,6653,527,4452,884,871
Misc Debtors179,000179,000143,0003,000332,000337,000290,517511,944334,817669,467675,769708,033936,036737,243
Cash6,0006,00012,0009,0006,00042,000115,000473,89739,502241,68225,990208,657111,06051,89237,190
misc current assets
total current assets9,558,0009,297,0008,657,0008,120,0008,245,0007,824,0007,292,0006,916,7356,407,8516,114,5505,678,5935,315,7764,929,7584,559,6163,665,104
total assets9,683,0009,422,0008,783,0008,246,0008,372,0007,956,0007,424,0007,045,9016,533,9776,239,5765,813,2775,460,9235,096,6254,750,6373,843,870
Bank overdraft
Bank loan
Trade Creditors 6,00031,00042,00076,000182,000105,000181,86756,517201,94337,184196,286188,028241,595197,600
Group/Directors Accounts293,000293,000293,000293,000261,000223,000179,000125,000125,000125,000125,000125,000125,000125,000125,000
other short term finances
hp & lease commitments
other current liabilities54,00099,00059,00072,000362,000402,000324,000235,059185,893273,227436,079214,818214,774189,052251,905
total current liabilities347,000398,000383,000407,000699,000807,000608,000541,926367,410600,170598,263536,104527,802555,647574,505
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities347,000398,000383,000407,000699,000807,000608,000541,926367,410600,170598,263536,104527,802555,647574,505
net assets9,336,0009,024,0008,400,0007,839,0007,673,0007,149,0006,816,0006,503,9756,166,5675,639,4065,215,0144,924,8194,568,8234,194,9903,269,365
total shareholders funds9,336,0009,024,0008,400,0007,839,0007,673,0007,149,0006,816,0006,503,9756,166,5675,639,4065,215,0144,924,8194,568,8234,194,9903,269,365
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit415,685770,055692,566204,931646,734410,522383,713421,118526,495424,060291,214351,013370,364920,2581,176,314
Depreciation256,0009,65810,46322,22025,10419,63211,894
Amortisation1,0001,0002,0003,0002,0002,80525119
Tax-1,000-1,000-1,000-1,000-3,583666332-1,0194,9833,4695,367-4,507
Stock-51,25037,985-17,985-20,00051,250-44,24338,4435,800
Debtors261,000646,000534,000-128,000457,000605,000734,162125,739457,496238,250565,484237,171355,217841,3673,622,114
Creditors-6,000-25,000-11,000-34,000-106,00077,000-76,867125,350-145,426164,759-159,1028,258-53,56743,995197,600
Accruals and Deferred Income-45,00040,000-13,000-290,000-40,00078,00088,94149,166-87,334-162,852221,2614425,722-62,853251,905
Deferred Taxes & Provisions
Cash flow from operations102,685138,055135,566265,93145,734-37,478-337,375520,367-201,055215,692-182,66798,09760,11846,589-1,994,589
Investing Activities
capital expenditure1,000-1,000-256,0003,000-3,000-4,835-5,845-1,125-500-950-31,887-65,778
Change in Investments-1125,001
cash flow from investments1,000-1,000-256,0003,000-3,000-4,834-5,845-1,125-500-950-31,887-190,779
Financing Activities
Bank loans
Group/Directors Accounts32,00038,00044,00054,000125,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue252,097,558
interest
cash flow from financing32,00038,00044,00054,0252,222,558
cash and cash equivalents
cash-6,0003,0003,000-36,000-73,000-358,897434,395-202,180215,692-182,66797,59759,16814,70237,190
overdraft
change in cash-6,0003,0003,000-36,000-73,000-358,897434,395-202,180215,692-182,66797,59759,16814,70237,190

raceform limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Raceform Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for raceform limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in KT13 area or any other competitors across 12 key performance metrics.

raceform limited Ownership

RACEFORM LIMITED group structure

Raceform Limited has 2 subsidiary companies.

RACEFORM LIMITED Shareholders

stradbrook holdings limited 100%

raceform limited directors

Raceform Limited currently has 1 director, Mr Mark Renshaw serving since Feb 2023.

officercountryagestartendrole
Mr Mark RenshawEngland50 years Feb 2023- Director

P&L

December 2023

turnover

841k

-7%

operating profit

415.7k

0%

gross margin

66.2%

-2.14%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

9.3m

+0.03%

total assets

9.7m

+0.03%

cash

6k

0%

net assets

Total assets minus all liabilities

raceform limited company details

company number

00462444

Type

Private limited with Share Capital

industry

58110 - Book publishing

58130 - Publishing of newspapers

58142 - Publishing of consumer, business and professional journals and periodicals

incorporation date

December 1948

age

77

incorporated

UK

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

the old rectory church street, weybridge, surrey, KT13 8DE

Bank

LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC

Legal Advisor

-

raceform limited 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 3 charges/mortgages relating to raceform limited. Currently there are 0 open charges and 3 have been satisfied in the past.

raceform limited 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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raceform limited Companies House Filings - See Documents

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