Mace-geden (turf Accountants) Limited

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mace-geden (turf accountants) limited Company Information

Live

MatureMicroDeclining

Company Number

01038701

Website

Registered Address

257 highters heath lane, kings heath, birmingham, B14 4NX

Industry

Gambling and betting activities

Telephone

01214306621

Next Accounts Due

December 2024

Group Structure

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Directors

Peter Mace33 Years

Dianne Mooy25 Years

Shareholders

peter leslie mace 100%

mace-geden (turf accountants) limited Estimated Valuation

£285.6k

Pomanda estimates the enterprise value of MACE-GEDEN (TURF ACCOUNTANTS) LIMITED at £285.6k based on a Turnover of £328.6k and 0.87x industry multiple (adjusted for size and gross margin).

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Mace-geden (turf Accountants) Limited is a live company located in birmingham, B14 4NX with a Companies House number of 01038701. It operates in the gambling and betting activities sector, SIC Code 92000. Founded in January 1972, it's largest shareholder is peter leslie mace with a 100% stake. Mace-geden (turf Accountants) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £328.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Mace-Geden (Turf Accountants) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £328.6k, make it smaller than the average company (£6.6m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (-1.5%)

EXPORT

Mace-Geden (Turf Accountants) Limited's latest turnover from March 2023 is estimated at £328.6 thousand and the company has net assets of -£354.8 thousand. According to their latest financial statements, Mace-Geden (Turf Accountants) Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	328,616	244,311	280,226	375,962	486,646	375,430	454,118	432,019	183,121	152,594	811,260	1,121,964	622,690	1,181,855
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	160,731	138,299	153,999	191,865	280,016	211,455	259,384	249,770	114,899	100,140	597,890	893,998	501,285	1,013,655
Gross Profit	167,886	106,013	126,227	184,097	206,631	163,976	194,734	182,249	68,222	52,454	213,370	227,966	121,406	168,200
Admin Expenses	204,038	111,888	97,647	240,232	262,607	193,187	258,070	245,656	89,697	106,400	244,799	272,719	135,483	39,937
Operating Profit	-36,152	-5,875	28,580	-56,135	-55,976	-29,211	-63,336	-63,407	-21,475	-53,946	-31,429	-44,753	-14,077	128,263
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	62	106	353	402	504	724	1,061	1,573	931
Pre-Tax Profit	-36,152	-5,875	28,580	-56,135	-55,976	-29,149	-63,230	-63,054	-21,073	-53,442	-30,705	-43,692	-12,504	129,194
Tax	0	0	-5,430	0	0	0	0	0	0	0	0	0	0	-36,174
Profit After Tax	-36,152	-5,875	23,150	-56,135	-55,976	-29,149	-63,230	-63,054	-21,073	-53,442	-30,705	-43,692	-12,504	93,020
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-36,152	-5,875	23,150	-56,135	-55,976	-29,149	-63,230	-63,054	-21,073	-53,442	-30,705	-43,692	-12,504	93,020
Employee Costs	81,177	91,608	115,299	114,843	136,560	43,748	154,055	145,859	20,531	20,687	104,030	93,953	73,278	162,952
Number Of Employees	3	4	5	5	6	2	7	7	1	1	5	5	4	9
EBITDA*	-36,152	-5,875	28,580	-56,135	-55,976	-29,211	-61,203	-61,062	-18,880	-51,060	-28,198	-39,292	-8,035	134,557

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	29,421	30,794	32,279	33,840	35,511	37,312	38,766	40,899	43,244	45,839	48,725	51,956	57,417	61,706
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	50	50	50	50	50	50	50	50
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	29,421	30,794	32,279	33,840	35,511	37,312	38,816	40,949	43,294	45,889	48,775	52,006	57,467	61,756
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	20,362	13,206	18,181	7,184	28,425	17,382	0	0	982	1,987	87,822	72,960	16,984	20,127
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	1,394	1,479	0	0	0	0	0	0
Cash	0	0	0	0	0	0	24,636	60,282	80,952	79,720	121,845	167,770	256,544	372,477
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	20,362	13,206	18,181	7,184	28,425	17,382	26,030	61,761	81,934	81,707	209,667	240,730	273,528	392,604
total assets	49,783	44,000	50,460	41,024	63,936	54,694	64,846	102,710	125,228	127,596	258,442	292,736	330,995	454,360
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	400,620	358,685	359,270	372,984	339,761	274,543	0	0	172,360	153,069	229,887	232,890	226,871	329,401
Group/Directors Accounts	0	0	0	0	0	0	153,633	148,651	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	81,821	60,741	0	0	0	0	0	0
total current liabilities	400,620	358,685	359,270	372,984	339,761	274,543	235,454	209,392	172,360	153,069	229,887	232,890	226,871	329,401
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	3,980	3,980	3,980	3,980	3,980	3,980	3,980	4,090	0	0	0	0	0	2,471
total long term liabilities	3,980	3,980	3,980	3,980	3,980	3,980	3,980	4,090	0	0	0	0	0	2,471
total liabilities	404,600	362,665	363,250	376,964	343,741	278,523	239,434	213,482	172,360	153,069	229,887	232,890	226,871	331,872
net assets	-354,817	-318,665	-312,790	-335,940	-279,805	-223,829	-174,588	-110,772	-47,132	-25,473	28,555	59,846	104,124	122,488
total shareholders funds	-354,817	-318,665	-312,790	-335,940	-279,805	-223,829	-174,588	-110,772	-47,132	-25,473	28,555	59,846	104,124	122,488

	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	-36,152	-5,875	28,580	-56,135	-55,976	-29,211	-63,336	-63,407	-21,475	-53,946	-31,429	-44,753	-14,077	128,263
Depreciation	0	0	0	0	0	0	2,133	2,345	2,595	2,886	3,231	5,461	6,042	6,294
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-5,430	0	0	0	0	0	0	0	0	0	0	-36,174
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	7,156	-4,975	10,997	-21,241	11,043	15,988	-85	497	-1,005	-85,835	14,862	55,976	-3,143	20,127
Creditors	41,935	-585	-13,714	33,223	65,218	274,543	0	-172,360	19,291	-76,818	-3,003	6,019	-102,530	329,401
Accruals and Deferred Income	0	0	0	0	0	-81,821	21,080	60,741	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-110	4,090	0	0	0	0	-2,471	2,471
Cash flow from operations	-1,373	-1,485	-1,561	-1,671	-1,801	147,523	-40,148	-169,088	1,416	-42,043	-46,063	-89,249	-109,893	410,128
Investing Activities
capital expenditure	1,373	1,485	1,561	1,671	1,801	1,454	0	0	0	0	0	0	-1,753	-68,000
Change in Investments	0	0	0	0	0	-50	0	0	0	0	0	0	0	50
cash flow from investments	1,373	1,485	1,561	1,671	1,801	1,504	0	0	0	0	0	0	-1,753	-68,050
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-153,633	4,982	148,651	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-20,092	-586	-586	-586	-586	-586	-586	-5,860	29,468
interest	0	0	0	0	0	62	106	353	402	504	724	1,061	1,573	931
cash flow from financing	0	0	0	0	0	-173,663	4,502	148,418	-184	-82	138	475	-4,287	30,399
cash and cash equivalents
cash	0	0	0	0	0	-24,636	-35,646	-20,670	1,232	-42,125	-45,925	-88,774	-115,933	372,477
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-24,636	-35,646	-20,670	1,232	-42,125	-45,925	-88,774	-115,933	372,477

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MACE-GEDEN (TURF ACCOUNTANTS) LIMITED group structure

Mace-Geden (Turf Accountants) Limited has 1 subsidiary company.

Ultimate parent company

MACE-GEDEN (TURF ACCOUNTANTS) LIMITED

01038701

1 subsidiary

MACE RACING SERVICES LIMITED

01146712

MACE-GEDEN (TURF ACCOUNTANTS) LIMITED Shareholders

peter leslie mace

100%

Mace-Geden (Turf Accountants) Limited currently has 2 directors. The longest serving directors include Mr Peter Mace (Dec 1990) and Mrs Dianne Mooy (Sep 1998).

officer	country	age	start	end	role
Mr Peter Mace		77 years	Dec 1990	-	Director
Mrs Dianne Mooy	England	74 years	Sep 1998	-	Director

P&L

March 2023

turnover

328.6k

+35%

operating profit

-36.2k

gross margin

51.1%

+17.74%

turnover

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

Balance Sheet

March 2023

net assets

-354.8k

+0.11%

total assets

49.8k

+0.13%

cash

net assets

Total assets minus all liabilities

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company number

01038701

Type

Private limited with Share Capital

industry

92000 - Gambling and betting activities

incorporation date

January 1972

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

257 highters heath lane, kings heath, birmingham, B14 4NX

last accounts submitted

March 2023

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 mace-geden (turf accountants) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

mace-geden (turf accountants) limited Company Information

mace-geden (turf accountants) limited Estimated Valuation

mace-geden (turf accountants) limited Estimated Valuation

mace-geden (turf accountants) limited Estimated Valuation

Mace-geden (turf Accountants) Limited Overview

Mace-geden (turf Accountants) Limited Health Check

MACE-GEDEN (TURF ACCOUNTANTS) LIMITED financials

mace-geden (turf accountants) limited Credit Report and Business Information

Mace-geden (turf Accountants) Limited Competitor Analysis

mace-geden (turf accountants) limited Ownership

mace-geden (turf accountants) limited directors

mace-geden (turf accountants) limited company details

mace-geden (turf accountants) limited Charges & Mortgages

mace-geden (turf accountants) limited Companies House Filings - See Documents