jockey club racecourses (holdings) limited

4

jockey club racecourses (holdings) limited Company Information

Share JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED
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MatureMegaLow

Company Number

00806698

Registered Address

21-27 lambs conduit street, london, WC1N 3NL

Industry

Activities of head offices

 

Telephone

03445793019

Next Accounts Due

September 2024

Group Structure

View All

Directors

Simon Bazalgette15 Years

Amy Starkey11 Years

View All

Shareholders

jockey club 90%

jockey club estates 10%

jockey club racecourses (holdings) limited Estimated Valuation

£355.8m

Pomanda estimates the enterprise value of JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED at £355.8m based on a Turnover of £224.4m and 1.59x industry multiple (adjusted for size and gross margin).

jockey club racecourses (holdings) limited Estimated Valuation

£237.1m

Pomanda estimates the enterprise value of JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED at £237.1m based on an EBITDA of £26.1m and a 9.08x industry multiple (adjusted for size and gross margin).

jockey club racecourses (holdings) limited Estimated Valuation

£37.3m

Pomanda estimates the enterprise value of JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED at £37.3m based on Net Assets of £15.3m and 2.44x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Jockey Club Racecourses (holdings) Limited Overview

Jockey Club Racecourses (holdings) Limited is a live company located in london, WC1N 3NL with a Companies House number of 00806698. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 1964, it's largest shareholder is jockey club with a 90% stake. Jockey Club Racecourses (holdings) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £224.4m with low growth in recent years.

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Jockey Club Racecourses (holdings) Limited Health Check

Pomanda's financial health check has awarded Jockey Club Racecourses (Holdings) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £224.4m, make it larger than the average company (£20.3m)

£224.4m - Jockey Club Racecourses (holdings) Limited

£20.3m - Industry AVG

growth

Growth

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

3% - Jockey Club Racecourses (holdings) Limited

3% - Industry AVG

production

Production

with a gross margin of 40.2%, this company has a lower cost of product (33.2%)

40.2% - Jockey Club Racecourses (holdings) Limited

33.2% - Industry AVG

profitability

Profitability

an operating margin of 5.1% make it as profitable than the average company (6%)

5.1% - Jockey Club Racecourses (holdings) Limited

6% - Industry AVG

employees

Employees

with 596 employees, this is above the industry average (120)

596 - Jockey Club Racecourses (holdings) Limited

120 - Industry AVG

paystructure

Pay Structure

on an average salary of £44k, the company has an equivalent pay structure (£45.8k)

£44k - Jockey Club Racecourses (holdings) Limited

£45.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £376.5k, this is more efficient (£187.8k)

£376.5k - Jockey Club Racecourses (holdings) Limited

£187.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is earlier than average (47 days)

34 days - Jockey Club Racecourses (holdings) Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 19 days, this is quicker than average (45 days)

19 days - Jockey Club Racecourses (holdings) Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Jockey Club Racecourses (holdings) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (16 weeks)

12 weeks - Jockey Club Racecourses (holdings) Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (57.3%)

94.4% - Jockey Club Racecourses (holdings) Limited

57.3% - Industry AVG

jockey club racecourses (holdings) 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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Jockey Club Racecourses (holdings) Limited Competitor Analysis

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Perform a competitor analysis for jockey club racecourses (holdings) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

jockey club racecourses (holdings) limited Ownership

JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED group structure

Jockey Club Racecourses (Holdings) Limited has 2 subsidiary companies.

Ultimate parent company

1 parent

JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED

00806698

2 subsidiaries

JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED Shareholders

jockey club 90%
jockey club estates 10%

jockey club racecourses (holdings) limited directors

Jockey Club Racecourses (Holdings) Limited currently has 5 directors. The longest serving directors include Mr Simon Bazalgette (Jul 2008) and Ms Amy Starkey (Sep 2012).

officercountryagestartendrole
Mr Simon Bazalgette62 years Jul 2008- Director
Ms Amy StarkeyEngland42 years Sep 2012- Director
Mr Ian RentonUnited Kingdom65 years Oct 2012- Director
Mr Nevin Truesdale50 years Aug 2013- Director
Mr Stuart ClarkEngland44 years Dec 2020- Director

JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED financials

EXPORTms excel logo

Jockey Club Racecourses (Holdings) Limited's latest turnover from December 2022 is £224.4 million and the company has net assets of £15.3 million. According to their latest financial statements, Jockey Club Racecourses (Holdings) Limited has 596 employees and maintains cash reserves of £21.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover224,400,000138,800,000112,700,000205,900,000203,900,000191,700,000182,000,000174,200,000162,900,000154,700,000142,100,000132,000,000131,000,000120,800,000
Other Income Or Grants00000000000000
Cost Of Sales134,300,00081,500,00059,700,000114,700,000113,300,000103,700,00097,100,00095,500,00091,100,00083,900,00076,800,00073,600,00074,600,00076,400,000
Gross Profit90,100,00057,300,00053,000,00091,200,00090,600,00088,000,00084,900,00078,700,00071,800,00070,800,00065,300,00058,400,00056,400,00044,400,000
Admin Expenses78,700,00036,800,00032,100,00079,700,00078,900,00072,400,00066,100,00063,600,00057,900,00056,800,00054,800,00052,300,00050,700,00042,000,000
Operating Profit11,400,00020,500,00020,900,00011,500,00011,700,00015,600,00018,800,00015,100,00013,900,00014,000,00010,500,0006,100,0005,700,0002,400,000
Interest Payable3,700,0004,000,0007,400,0007,300,0008,100,0008,400,0009,200,0005,200,0007,600,0006,900,0006,100,0006,300,0006,300,0004,900,000
Interest Receivable9,700,0004,400,000100,000100,0001,500,0001,600,0000001,900,0002,000,0002,000,0002,000,0001,800,000
Pre-Tax Profit20,800,00023,100,00013,900,0005,200,0004,200,0008,900,0009,800,00010,400,0008,800,0009,900,0008,500,0003,100,0002,200,000-2,600,000
Tax-5,200,000-2,400,000-2,200,000-1,200,000-900,000-1,400,000-1,700,000-3,000,000-2,600,000-4,200,0009,600,000-1,000,000-1,200,000-1,300,000
Profit After Tax15,600,00020,700,00011,700,0004,000,0003,300,0007,500,0008,100,0007,400,0006,200,0005,700,00018,100,0002,100,0001,000,000-3,900,000
Dividends Paid00000000000000
Retained Profit15,600,00020,700,00011,700,0004,000,0003,300,0007,500,0008,100,0007,400,0006,200,0005,700,00018,100,0002,100,0001,000,000-3,900,000
Employee Costs26,200,00022,700,00021,500,00025,100,00024,300,00023,100,00022,300,00020,300,00017,400,00018,400,00018,100,00017,200,00017,300,00017,100,000
Number Of Employees596489572603596564563573561552581613623645
EBITDA*26,100,00035,600,00035,800,00027,300,00027,500,00030,600,00033,100,00028,600,00027,200,00027,200,00023,800,00019,300,00018,900,00016,200,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets184,000,000186,400,000195,700,000207,800,000216,300,000222,900,000227,900,000231,800,000218,200,000203,700,000209,200,000216,300,000225,200,000233,500,000
Intangible Assets000000000-500,000-600,000-600,000-600,000-700,000
Investments & Other4,900,0003,300,0002,700,0002,700,0001,600,0001,700,0003,700,0002,300,0002,000,0004,100,0002,100,0002,200,000900,0001,600,000
Debtors (Due After 1 year)0000001,300,0002,300,00001,600,0001,300,000800,00000
Total Fixed Assets188,900,000189,700,000198,400,000210,500,000217,900,000224,600,000232,900,000236,400,000220,200,000208,900,000212,000,000218,700,000225,500,000234,400,000
Stock & work in progress000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000
Trade Debtors21,100,00018,600,0005,900,00018,300,00016,800,00015,700,00016,400,00015,000,00012,800,00014,900,00011,000,0008,800,00010,900,0009,600,000
Group Debtors1,100,0001,100,0001,000,000400,000600,000900,00000000000
Misc Debtors42,000,00041,000,00028,100,00031,100,00033,600,00030,700,00028,900,00028,400,00031,400,00024,800,00024,500,00014,000,00010,400,00017,600,000
Cash21,300,00021,100,00017,500,00010,000,0009,400,00014,500,00013,400,0006,200,0001,500,0009,600,000600,000400,0001,600,0000
misc current assets0000100,000800,00000000000
total current assets85,500,00081,800,00052,500,00059,900,00060,600,00062,700,00058,800,00049,700,00045,800,00049,400,00036,200,00023,300,00023,000,00027,300,000
total assets274,400,000271,500,000250,900,000270,400,000278,500,000287,300,000291,700,000286,100,000266,000,000258,300,000248,200,000242,000,000248,500,000261,700,000
Bank overdraft00000000005,300,0004,500,00000
Bank loan003,000,00000009,600,0005,000,0005,000,00013,300,0004,900,0004,900,00011,300,000
Trade Creditors 7,200,0006,800,0003,000,0008,700,0009,500,0009,800,0007,800,0006,300,0007,300,0006,000,0007,800,0006,700,0005,600,0004,600,000
Group/Directors Accounts4,600,0004,600,0004,400,0004,200,0004,700,0004,700,0004,600,0004,700,0004,500,0004,700,0002,400,0003,500,0006,800,0009,700,000
other short term finances00009,300,0002,500,00002,200,0001,400,0002,800,0000000
hp & lease commitments500,000300,000300,000300,000200,000100,00000000000
other current liabilities73,400,00072,800,00038,000,00057,200,00054,200,00049,000,00051,800,00049,800,00040,600,00037,000,00036,900,00035,800,00035,100,00030,700,000
total current liabilities85,700,00084,500,00048,700,00070,400,00077,900,00066,100,00064,200,00072,600,00058,800,00055,500,00065,700,00055,400,00052,400,00056,300,000
loans80,800,00080,800,00092,600,00090,600,000103,600,000118,900,000122,600,000106,500,00097,600,00087,200,00067,100,00081,900,00090,300,00095,900,000
hp & lease commitments800,000600,000900,0001,200,000800,000500,00000000000
Accruals and Deferred Income84,400,00093,300,00099,800,000108,900,0006,900,0008,100,0007,700,0009,800,00011,800,00011,800,0009,800,00011,800,00012,800,00014,700,000
other liabilities02,600,00016,800,00020,300,0000000000000
provisions0600,000400,000400,0001,200,000000000000
total long term liabilities173,400,000189,000,000233,100,000232,800,000124,700,000140,300,000151,700,000129,700,000121,500,000104,500,00081,500,00098,500,000106,000,000115,400,000
total liabilities259,100,000273,500,000281,800,000303,200,000202,600,000206,400,000215,900,000202,300,000180,300,000160,000,000147,200,000153,900,000158,400,000171,700,000
net assets15,300,000-2,000,000-30,900,000-32,800,00075,900,00080,900,00075,800,00083,800,00085,700,00098,300,000101,000,00088,100,00090,100,00090,000,000
total shareholders funds15,300,000-2,000,000-30,900,000-32,800,00075,900,00080,900,00075,800,00083,800,00085,700,00098,300,000101,000,00088,100,00090,100,00090,000,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit11,400,00020,500,00020,900,00011,500,00011,700,00015,600,00018,800,00015,100,00013,900,00014,000,00010,500,0006,100,0005,700,0002,400,000
Depreciation14,700,00015,100,00014,900,00015,800,00015,800,00015,000,00014,300,00013,500,00013,300,00013,200,00013,300,00013,200,00013,200,00013,800,000
Amortisation00000000000000
Tax-5,200,000-2,400,000-2,200,000-1,200,000-900,000-1,400,000-1,700,000-3,000,000-2,600,000-4,200,0009,600,000-1,000,000-1,200,000-1,300,000
Stock00-100,0000000000000100,000
Debtors3,500,00025,700,000-14,800,000-1,200,0003,700,000700,000900,0001,500,0002,900,0004,500,00013,200,0002,300,000-5,900,00027,200,000
Creditors400,0003,800,000-5,700,000-800,000-300,0002,000,0001,500,000-1,000,0001,300,000-1,800,0001,100,0001,100,0001,000,0004,600,000
Accruals and Deferred Income-8,300,00028,300,000-28,300,000105,000,0004,000,000-2,400,000-100,0007,200,0003,600,0002,100,000-900,000-300,0002,500,00045,400,000
Deferred Taxes & Provisions-600,000200,0000-800,0001,200,000000000000
Cash flow from operations8,900,00039,800,00014,500,000130,700,00027,800,00028,100,00031,900,00030,300,00026,600,00018,800,00020,400,00016,800,00027,100,00037,600,000
Investing Activities
capital expenditure0000-8,900,000-9,800,000-10,400,000-28,300,000-25,900,000-7,800,000-5,000,000-5,400,000-4,900,000-11,800,000
Change in Investments1,600,000600,00001,100,000-100,000-2,000,0001,400,000300,000-2,100,0002,000,000-100,0001,300,000-700,0001,600,000
cash flow from investments-1,600,000-600,0000-1,100,000-8,800,000-7,800,000-11,800,000-28,600,000-23,800,000-9,800,000-4,900,000-6,700,000-4,200,000-13,400,000
Financing Activities
Bank loans0-3,000,0003,000,000000-9,600,0004,600,0000-8,300,0008,400,0000-6,400,00011,300,000
Group/Directors Accounts0200,000200,000-500,0000100,000-100,000200,000-200,0002,300,000-1,100,000-3,300,000-2,900,0009,700,000
Other Short Term Loans 000-9,300,0006,800,0002,500,000-2,200,000800,000-1,400,0002,800,0000000
Long term loans0-11,800,0002,000,000-13,000,000-15,300,000-3,700,00016,100,0008,900,00010,400,00020,100,000-14,800,000-8,400,000-5,600,00095,900,000
Hire Purchase and Lease Commitments400,000-300,000-300,000500,000400,000600,00000000000
other long term liabilities-2,600,000-14,200,000-3,500,00020,300,0000000000000
share issue1,700,0008,200,000-9,800,000-112,700,000-8,300,000-2,400,000-16,100,000-9,300,000-18,800,000-8,400,000-5,200,000-4,100,000-900,00093,900,000
interest6,000,000400,000-7,300,000-7,200,000-6,600,000-6,800,000-9,200,000-5,200,000-7,600,000-5,000,000-4,100,000-4,300,000-4,300,000-3,100,000
cash flow from financing5,500,000-20,500,000-15,700,000-121,900,000-23,000,000-9,700,000-21,100,0000-17,600,0003,500,000-16,800,000-20,100,000-20,100,000207,700,000
cash and cash equivalents
cash200,0003,600,0007,500,000600,000-5,100,0001,100,0007,200,0004,700,000-8,100,0009,000,000200,000-1,200,0001,600,0000
overdraft000000000-5,300,000800,0004,500,00000
change in cash200,0003,600,0007,500,000600,000-5,100,0001,100,0007,200,0004,700,000-8,100,00014,300,000-600,000-5,700,0001,600,0000

P&L

December 2022

turnover

224.4m

+62%

operating profit

11.4m

-44%

gross margin

40.2%

-2.74%

turnover

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

Balance Sheet

December 2022

net assets

15.3m

-8.65%

total assets

274.4m

+0.01%

cash

21.3m

+0.01%

net assets

Total assets minus all liabilities

jockey club racecourses (holdings) limited company details

company number

00806698

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

May 1964

age

60

accounts

Group

ultimate parent company

previous names

jockey club racecourses limited (February 2010)

racecourse holdings trust limited (January 2007)

incorporated

UK

address

21-27 lambs conduit street, london, WC1N 3NL

last accounts submitted

December 2022

jockey club racecourses (holdings) 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 8 charges/mortgages relating to jockey club racecourses (holdings) limited. Currently there are 3 open charges and 5 have been satisfied in the past.

charges

jockey club racecourses (holdings) limited Companies House Filings - See Documents

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