corbett bookmakers limited

corbett bookmakers limited Company Information

Share CORBETT BOOKMAKERS LIMITED
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Company Number

00998813

Industry

Gambling and betting activities

 

Shareholders

corbett bookmakers (holdings) limited

Group Structure

View All

Contact

Registered Address

74-78 welsh road, garden city sealand, deeside, flintshire, CH5 2HU

corbett bookmakers limited Estimated Valuation

£117.2m

Pomanda estimates the enterprise value of CORBETT BOOKMAKERS LIMITED at £117.2m based on a Turnover of £87.7m and 1.34x industry multiple (adjusted for size and gross margin).

corbett bookmakers limited Estimated Valuation

£415.9k

Pomanda estimates the enterprise value of CORBETT BOOKMAKERS LIMITED at £415.9k based on an EBITDA of £87.6k and a 4.75x industry multiple (adjusted for size and gross margin).

corbett bookmakers limited Estimated Valuation

£17.6m

Pomanda estimates the enterprise value of CORBETT BOOKMAKERS LIMITED at £17.6m based on Net Assets of £4.9m and 3.58x industry multiple (adjusted for liquidity).

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Corbett Bookmakers Limited Overview

Corbett Bookmakers Limited is a live company located in deeside, CH5 2HU with a Companies House number of 00998813. It operates in the gambling and betting activities sector, SIC Code 92000. Founded in January 1971, it's largest shareholder is corbett bookmakers (holdings) limited with a 100% stake. Corbett Bookmakers Limited is a mature, large sized company, Pomanda has estimated its turnover at £87.7m with high growth in recent years.

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Corbett Bookmakers Limited Health Check

Pomanda's financial health check has awarded Corbett Bookmakers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £87.7m, make it larger than the average company (£8.5m)

£87.7m - Corbett Bookmakers Limited

£8.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (12.5%)

26% - Corbett Bookmakers Limited

12.5% - Industry AVG

production

Production

with a gross margin of 11.3%, this company has a higher cost of product (72.3%)

11.3% - Corbett Bookmakers Limited

72.3% - Industry AVG

profitability

Profitability

an operating margin of -0.1% make it less profitable than the average company (13.2%)

-0.1% - Corbett Bookmakers Limited

13.2% - Industry AVG

employees

Employees

with 135 employees, this is above the industry average (78)

135 - Corbett Bookmakers Limited

78 - Industry AVG

paystructure

Pay Structure

on an average salary of £24k, the company has an equivalent pay structure (£29.1k)

£24k - Corbett Bookmakers Limited

£29.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £649.9k, this is more efficient (£125.1k)

£649.9k - Corbett Bookmakers Limited

£125.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (2 days)

0 days - Corbett Bookmakers Limited

2 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (22 days)

3 days - Corbett Bookmakers Limited

22 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Corbett Bookmakers Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 99 weeks, this is more cash available to meet short term requirements (45 weeks)

99 weeks - Corbett Bookmakers Limited

45 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22.6%, this is a lower level of debt than the average (59%)

22.6% - Corbett Bookmakers Limited

59% - Industry AVG

CORBETT BOOKMAKERS LIMITED financials

EXPORTms excel logo

Corbett Bookmakers Limited's latest turnover from March 2024 is £87.7 million and the company has net assets of £4.9 million. According to their latest financial statements, Corbett Bookmakers Limited has 135 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover87,741,35887,562,13582,854,67244,025,56291,202,957158,694,749159,599,187159,246,907156,192,419160,227,852158,668,273164,408,465163,670,134159,332,556162,581,840
Other Income Or Grants000000000000000
Cost Of Sales77,843,58077,670,92174,144,34740,312,10481,923,122147,723,001148,761,426147,976,558145,010,634149,194,143147,696,150153,581,625153,539,403148,822,558151,957,456
Gross Profit9,897,7789,891,2148,710,3253,713,4589,279,83510,971,74810,837,76111,270,34911,181,78511,033,70910,972,12310,826,84010,130,73110,509,99810,624,384
Admin Expenses9,959,3139,404,3288,173,8623,204,6679,329,64910,722,66010,803,25111,543,47611,058,16011,083,69111,164,60010,651,93910,237,61310,014,7099,760,794
Operating Profit-61,535486,886536,463508,791-49,814249,08834,510-273,127123,625-49,982-192,477174,901-106,882495,289863,590
Interest Payable000000000000021,71920,491
Interest Receivable14,47800003686701,58546,32738,09144,56935,52225,5337,877
Pre-Tax Profit-47,057486,886501,123548,367-49,814199,95634,577-273,127125,210-3,655-154,386219,470-71,360499,103850,976
Tax-2,144-148,263-50,216-134,643-34-56,71641,011755-51,532-15,3282,456-55,206-4,409-164,111-175,959
Profit After Tax-49,201338,623450,907413,724-49,848143,24075,588-272,37273,678-18,983-151,930164,264-75,769334,992675,017
Dividends Paid001,120,00000010,00010,00010,000220,000140,000174,000170,00030,0000
Retained Profit-49,201338,623-669,093413,724-49,848143,24065,588-282,37263,678-238,983-291,930-9,736-245,769304,992675,017
Employee Costs3,239,5292,644,6342,495,7862,502,7822,767,5822,855,5513,040,4373,543,9213,104,1213,134,8073,162,5273,117,1683,033,9302,977,4332,963,189
Number Of Employees135131141156174191195198208259260173164148201
EBITDA*87,574627,550684,783648,663187,245510,684316,83228,000469,461316,893167,536583,418469,3161,007,2161,365,672

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,514,4631,488,6061,455,9201,304,9441,671,0091,792,3751,932,2312,174,2322,402,0082,625,6402,978,2683,123,2183,203,3632,610,9991,694,899
Intangible Assets9,81032,29156,89689,701109,539158,073184,422173,92495,82450,841000014,999
Investments & Other000001,93349,50049,50049,50049,50049,50049,50049,50049,50049,500
Debtors (Due After 1 year)143,439143,439143,439143,2659,61900000963,754811,180000
Total Fixed Assets1,667,7121,664,3361,656,2551,537,9101,790,1671,952,3812,166,1532,397,6562,547,3322,725,9813,991,5223,983,8983,252,8632,660,4991,759,398
Stock & work in progress000000001,4302198,8038,8946,4702,1173,343
Trade Debtors43,08092431,389108,859103,24087,95528,318228,48671,43116,44682,06217,55427,40218,3610
Group Debtors1,046,476808,22476,3381,253,2771,311,6561,243,9422,235,5992,152,6052,505,9312,251,967963,754811,180807,099803,2102,420,010
Misc Debtors198,126145,060117,7652,462,625344,508234,851281,411286,793209,274213,025298,145599,8251,616,617929,704619,717
Cash2,658,4413,884,8774,056,9571,332,9372,625,9113,109,8631,660,2971,517,7651,236,422953,128921,564937,743747,9451,986,2711,646,555
misc current assets750,00000000000000000
total current assets4,696,1234,839,0854,282,4495,157,6984,385,3154,676,6114,205,6254,185,6494,024,4883,434,7852,274,3282,375,1963,205,5333,739,6634,689,625
total assets6,363,8356,503,4215,938,7046,695,6086,175,4826,628,9926,371,7786,583,3056,571,8206,160,7666,265,8506,359,0946,458,3966,400,1626,449,023
Bank overdraft000000000039,1150000
Bank loan000000000000000
Trade Creditors 685,428713,125684,967219,061724,843996,775898,717818,578939,553879,641670,068646,084667,453250,703320,317
Group/Directors Accounts60,834000115,4804,980111,04942,11484,897191
other short term finances000000000000000
hp & lease commitments000000000000085,176159,800
other current liabilities643,840769,506631,2871,232,755556,514688,244666,5811,017,314536,706233,137253,947129,848164,408248,691274,863
total current liabilities1,390,1021,482,6311,316,2541,451,8161,281,3581,685,0201,570,7781,840,8721,476,2601,112,779964,179818,046916,758584,589754,981
loans000000000000000
hp & lease commitments0000000000000085,311
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions49,30048,06520,3185,944002687,2898,04424,14938,85012,0742,92831,09448,732
total long term liabilities49,30048,06520,3185,944002687,2898,04424,14938,85012,0742,92831,094134,043
total liabilities1,439,4021,530,6961,336,5721,457,7601,281,3581,685,0201,571,0461,848,1611,484,3041,136,9281,003,029830,120919,686615,683889,024
net assets4,924,4334,972,7254,602,1325,237,8484,894,1244,943,9724,800,7324,735,1445,087,5165,023,8385,262,8215,528,9745,538,7105,784,4795,559,999
total shareholders funds4,924,4334,972,7254,602,1325,237,8484,894,1244,943,9724,800,7324,735,1445,087,5165,023,8385,262,8215,528,9745,538,7105,784,4795,559,999
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-61,535486,886536,463508,791-49,814249,08834,510-273,127123,625-49,982-192,477174,901-106,882495,289863,590
Depreciation126,628116,059115,515115,786157,347193,881226,430251,207335,100366,875360,013408,517576,198496,928502,082
Amortisation22,48124,60532,80524,08679,71267,71555,89249,92010,736000014,9990
Tax-2,144-148,263-50,216-134,643-34-56,71641,011755-51,532-15,3282,456-55,206-4,409-164,111-175,959
Stock0000000-1,4301,211-8,584-912,4244,353-1,2263,343
Debtors333,474728,716-3,599,0952,199,003202,275-978,580-122,556-118,752305,198173,72367,976-211,379699,843-1,288,4523,039,727
Creditors-27,69728,158465,906-505,782-271,93298,05880,139-120,97559,912209,57323,984-21,369416,750-69,614320,317
Accruals and Deferred Income-125,666138,219-601,468676,241-131,73021,663-350,733480,608303,569-20,810124,099-34,560-84,283-26,172274,863
Deferred Taxes & Provisions1,23527,74714,3745,9440-268-7,021-755-16,105-14,70126,7769,146-28,166-17,63848,732
Cash flow from operations-400,172-55,3054,112,474-1,508,580-418,7261,552,001202,784507,815458,896310,488276,966690,38465,0122,019,359-1,209,445
Investing Activities
capital expenditure-152,485-148,745-266,491246,031-67,159-95,391-50,819-151,451-167,187-65,088-215,063-328,372-1,168,562-1,413,028-2,211,980
Change in Investments0000-1,933-47,5670000000049,500
cash flow from investments-152,485-148,745-266,491246,031-65,226-47,824-50,819-151,451-167,187-65,088-215,063-328,372-1,168,562-1,413,028-2,261,480
Financing Activities
Bank loans000000000000000
Group/Directors Accounts60,83400-10-5,4795004,9790-1,048-41,065-42,78384,878181
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000-85,176-159,935245,111
other long term liabilities000000000000000
share issue90931,97033,377-70,000000-70,0000025,77700-80,5124,884,982
interest14,47800003686701,58546,32738,09144,56935,5223,814-12,614
cash flow from financing76,22131,97033,377-70,0010-5,111567-65,0211,58545,27922,8031,78635,224-236,6155,117,480
cash and cash equivalents
cash-1,226,436-172,0802,724,020-1,292,974-483,9521,449,566142,532281,343283,29431,564-16,179189,798-1,238,326339,7161,646,555
overdraft000000000-39,11539,1150000
change in cash-1,226,436-172,0802,724,020-1,292,974-483,9521,449,566142,532281,343283,29470,679-55,294189,798-1,238,326339,7161,646,555

corbett bookmakers 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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Corbett Bookmakers Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for corbett bookmakers limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other large companies, companies in CH5 area or any other competitors across 12 key performance metrics.

corbett bookmakers limited Ownership

CORBETT BOOKMAKERS LIMITED group structure

Corbett Bookmakers Limited has no subsidiary companies.

Ultimate parent company

1 parent

CORBETT BOOKMAKERS LIMITED

00998813

CORBETT BOOKMAKERS LIMITED Shareholders

corbett bookmakers (holdings) limited 100%

corbett bookmakers limited directors

Corbett Bookmakers Limited currently has 4 directors. The longest serving directors include Mr Michael Corbett (Jun 1995) and Mr Nicholas Corbett (Apr 2005).

officercountryagestartendrole
Mr Michael CorbettUnited Kingdom64 years Jun 1995- Director
Mr Nicholas Corbett62 years Apr 2005- Director
Ms Elizabeth Corbett59 years Jul 2021- Director
Mr William Corbett60 years Jul 2021- Director

P&L

March 2024

turnover

87.7m

0%

operating profit

-61.5k

-113%

gross margin

11.3%

-0.14%

turnover

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

Balance Sheet

March 2024

net assets

4.9m

-0.01%

total assets

6.4m

-0.02%

cash

2.7m

-0.32%

net assets

Total assets minus all liabilities

corbett bookmakers limited company details

company number

00998813

Type

Private limited with Share Capital

industry

92000 - Gambling and betting activities

incorporation date

January 1971

age

54

incorporated

UK

accounts

Full Accounts

last accounts submitted

March 2024

previous names

w.t.corbett(rhyl)limited (June 2000)

accountant

-

auditor

XEINADIN AUDIT LIMITED

address

74-78 welsh road, garden city sealand, deeside, flintshire, CH5 2HU

Bank

BARCLAYS BANK PLC

Legal Advisor

-

corbett bookmakers 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 25 charges/mortgages relating to corbett bookmakers limited. Currently there are 8 open charges and 17 have been satisfied in the past.

corbett bookmakers 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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corbett bookmakers limited Companies House Filings - See Documents

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