Wolverhampton Racecourse Limited

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wolverhampton racecourse limited Company Information

Company Number

02159607

Next Accounts

Sep 2025

Directors

Mark Spincer

Shareholders

arena leisure racing ltd

Group Structure

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Industry

Operation of sports facilities

Registered Address

millbank tower 21-24 millbank, london, england, SW1P 4QP

Website

http://ihg.com/holidayinn

wolverhampton racecourse limited Estimated Valuation

£57m

Pomanda estimates the enterprise value of WOLVERHAMPTON RACECOURSE LIMITED at £57m based on Net Assets of £31.4m and 1.82x industry multiple (adjusted for liquidity).

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Wolverhampton Racecourse Limited is a live company located in england, SW1P 4QP with a Companies House number of 02159607. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in August 1987, it's largest shareholder is arena leisure racing ltd with a 100% stake. Wolverhampton Racecourse Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Wolverhampton Racecourse Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

0 Regular

4 Weak

Size

annual sales of £19.1m, make it larger than the average company (£759.4k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.2%)

EXPORT

Wolverhampton Racecourse Limited's latest turnover from December 2023 is £19.1 million and the company has net assets of £31.4 million. According to their latest financial statements, Wolverhampton Racecourse Limited has 27 employees and maintains cash reserves of £152 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	19,149,265	15,752,953	14,271,856	13,870,476	16,089,148	15,573,422	12,066,142	12,887,492	14,943,289	13,623,296	15,690,366	13,976,021	10,919,998	12,312,948	12,740,141
Other Income Or Grants
Cost Of Sales	11,763,583	11,036,368	8,630,102	7,649,287	10,002,189	9,701,867	8,176,056	8,205,576	9,548,719	9,070,665	9,340,491	8,756,266	8,032,015	8,604,261	9,512,101
Gross Profit	7,385,682	4,716,585	5,641,754	6,221,189	6,086,959	5,871,555	3,890,086	4,681,916	5,394,570	4,552,631	6,349,875	5,219,755	2,887,983	3,708,687	3,228,040
Admin Expenses	3,603,665	3,567,231	2,932,142	2,281,729	3,539,788	3,366,712	3,277,648	3,010,071	2,504,156	4,787,952	2,563,291	3,820,919	2,439,015	2,456,539	1,923,568
Operating Profit	3,782,017	1,149,354	2,709,612	3,939,460	2,547,171	2,504,843	612,438	1,671,845	2,890,414	-235,321	3,786,584	1,398,836	448,968	1,252,148	1,304,472
Interest Payable		5	61		629	70,349	77,416	74,010	29,588	1,905	166,321	95,732	83,798	187,724	181,798
Interest Receivable	639,659	593,027	502,818	261,376	185,552	158,163	152,080	130,084		36,996	6,643		2,582	17,652	87,387
Pre-Tax Profit	4,421,676	1,742,376	3,212,369	4,200,836	2,732,094	2,592,657	687,102	1,727,919	2,860,826	-200,230	3,626,906	1,303,104	367,752	1,082,076	1,210,061
Tax	-997,650	-176,087	-661,398	531	-383,766	-33,711	-40,856	31,102	28,108	-25,167	168,537
Profit After Tax	3,424,026	1,566,289	2,550,971	4,201,367	2,348,328	2,558,946	646,246	1,759,021	2,888,934	-225,397	3,795,443	1,303,104	367,752	1,082,076	1,210,061
Dividends Paid
Retained Profit	3,424,026	1,566,289	2,550,971	4,201,367	2,348,328	2,558,946	646,246	1,759,021	2,888,934	-225,397	3,795,443	1,303,104	367,752	1,082,076	1,210,061
Employee Costs	2,420,187	2,283,954	1,480,720	1,689,429	2,247,511	2,840,147	2,632,298	2,487,506	2,467,447	2,021,545	2,432,325	2,589,511	1,205,908	1,139,350	1,045,907
Number Of Employees	27	47	41	38	61	69	64	53	50	56	54	52	52	50	49
EBITDA*	4,277,378	1,654,190	3,241,388	4,493,222	3,117,842	3,077,449	1,220,561	2,204,449	3,338,281	273,181	4,300,873	1,925,637	992,174	1,775,962	1,853,732

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	8,684,653	8,596,508	8,977,464	9,451,028	9,994,790	10,550,921	10,993,452	11,508,654	11,032,984	11,375,347	12,378,828	12,356,710	13,722,178	13,736,633	14,059,843
Intangible Assets
Investments & Other
Debtors (Due After 1 year)						128,013	161,724	202,580	171,478	143,370	168,537
Total Fixed Assets	8,684,653	8,596,508	8,977,464	9,451,028	9,994,790	10,678,934	11,155,176	11,711,234	11,204,462	11,518,717	12,547,365	12,356,710	13,722,178	13,736,633	14,059,843
Stock & work in progress	83,055	122,670	99,665	36,706	107,650	100,418	95,360	88,468	73,090	82,863	66,757	73,993	75,337	80,356	79,563
Trade Debtors	66,854	61,022	47,903	37,773	80,965	101,209	95,925	640,552	823,830	811,726	2,844,070	1,968,090	603,207	1,137,010	538,471
Group Debtors	25,336,378	20,571,018	18,731,621	14,395,004	10,209,410	7,662,381	5,610,618	4,658,494	3,763,361	4,121,402	1,004,067	843,080	2,198,585	2,336,968	3,281,251
Misc Debtors	792,285	1,184,844	1,970,658	2,167,116	1,974,705	1,286,184	571,662	165,130	108,645	869,308	1,946,105	1,189,785	518,027	421,807	319,773
Cash	152,007	383,211	115,881	88,968	20,475	437,108	202,940	766,464	846,829	923,489	1,098,747	1,703,973	964,516	326,545	5,345,034
misc current assets
total current assets	26,430,579	22,322,765	20,965,728	16,725,567	12,393,205	9,587,300	6,576,505	6,319,108	5,615,755	6,808,788	6,959,746	5,778,921	4,359,672	4,302,686	9,564,092
total assets	35,115,232	30,919,273	29,943,192	26,176,595	22,387,995	20,266,234	17,731,681	18,030,342	16,820,217	18,327,505	19,507,111	18,135,631	18,081,850	18,039,319	23,623,935
Bank overdraft														2,080
Bank loan
Trade Creditors	563,442	338,457	436,511	220,042	505,750	520,051	494,271	505,285	558,464	406,675	1,387,667	763,214	566,866	689,901	677,148
Group/Directors Accounts	5,782	8,769	9,679					803,811	1,281,584	5,573,967	5,577,551	8,318,375	10,238,950	10,476,499	17,116,406
other short term finances
hp & lease commitments	242,921
other current liabilities	1,125,080	1,046,607	1,485,087	442,845	464,376	623,878	621,287	751,369	716,549	866,649	783,512	1,091,104	563,442	420,460	462,078
total current liabilities	1,937,225	1,393,833	1,931,277	662,887	970,126	1,143,929	1,115,558	2,060,465	2,556,597	6,847,291	7,748,730	10,172,693	11,369,258	11,588,940	18,255,632
loans
hp & lease commitments	281,305
Accruals and Deferred Income			1,630,928
other liabilities	1,525,400	1,578,164		1,683,692
provisions
total long term liabilities	1,806,705	1,578,164	1,630,928	1,683,692
total liabilities	3,743,930	2,971,997	3,562,205	2,346,579	970,126	1,143,929	1,115,558	2,060,465	2,556,597	6,847,291	7,748,730	10,172,693	11,369,258	11,588,940	18,255,632
net assets	31,371,302	27,947,276	26,380,987	23,830,016	21,417,869	19,122,305	16,616,123	15,969,877	14,263,620	11,480,214	11,758,381	7,962,938	6,712,592	6,450,379	5,368,303
total shareholders funds	31,371,302	27,947,276	26,380,987	23,830,016	21,417,869	19,122,305	16,616,123	15,969,877	14,263,620	11,480,214	11,758,381	7,962,938	6,712,592	6,450,379	5,368,303

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	3,782,017	1,149,354	2,709,612	3,939,460	2,547,171	2,504,843	612,438	1,671,845	2,890,414	-235,321	3,786,584	1,398,836	448,968	1,252,148	1,304,472
Depreciation	495,361	504,836	531,776	553,762	570,671	572,606	608,123	532,604	447,867	508,502	514,289	526,801	543,206	523,814	549,260
Amortisation
Tax	-997,650	-176,087	-661,398	531	-383,766	-33,711	-40,856	31,102	28,108	-25,167	168,537
Stock	-39,615	23,005	62,959	-70,944	7,232	5,058	6,892	15,378	-9,773	16,106	-7,236	-1,344	-5,019	793	79,563
Debtors	4,378,633	1,066,702	4,150,289	4,334,813	3,087,293	2,737,858	773,173	799,442	-1,078,492	-16,973	1,961,824	681,136	-575,966	-243,710	4,139,495
Creditors	224,985	-98,054	216,469	-285,708	-14,301	25,780	-11,014	-53,179	151,789	-980,992	624,453	196,348	-123,035	12,753	677,148
Accruals and Deferred Income	78,473	-2,069,408	2,673,170	-21,531	-159,502	2,591	-130,082	34,820	-150,100	83,137	-307,592	527,662	142,982	-41,618	462,078
Deferred Taxes & Provisions
Cash flow from operations	-755,832	-1,779,066	1,256,381	-77,355	-534,252	329,193	258,544	1,402,372	4,456,343	-648,974	2,831,683	1,969,855	1,593,106	1,990,014	-1,226,100
Investing Activities
capital expenditure	-583,506	-123,880	-58,212	-10,000	-14,540	-130,075	-92,921	-1,008,274	-105,504	494,979	-536,407	838,667	-528,751	-200,604	-14,609,103
Change in Investments
cash flow from investments	-583,506	-123,880	-58,212	-10,000	-14,540	-130,075	-92,921	-1,008,274	-105,504	494,979	-536,407	838,667	-528,751	-200,604	-14,609,103
Financing Activities
Bank loans
Group/Directors Accounts	-2,987	-910	9,679				-803,811	-477,773	-4,292,383	-3,584	-2,740,824	-1,920,575	-237,549	-6,639,907	17,116,406
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	524,226
other long term liabilities	-52,764	1,578,164	-1,683,692	1,683,692
share issue				-1,789,220	-52,764	-52,764		-52,764	-105,528	-52,770		-52,758	-105,539		4,158,242
interest	639,659	593,022	502,757	261,376	184,923	87,814	74,664	56,074	-29,588	35,091	-159,678	-95,732	-81,216	-170,072	-94,411
cash flow from financing	1,108,134	2,170,276	-1,171,256	155,848	132,159	35,050	-729,147	-474,463	-4,427,499	-21,263	-2,900,502	-2,069,065	-424,304	-6,809,979	21,180,237
cash and cash equivalents
cash	-231,204	267,330	26,913	68,493	-416,633	234,168	-563,524	-80,365	-76,660	-175,258	-605,226	739,457	637,971	-5,018,489	5,345,034
overdraft													-2,080	2,080
change in cash	-231,204	267,330	26,913	68,493	-416,633	234,168	-563,524	-80,365	-76,660	-175,258	-605,226	739,457	640,051	-5,020,569	5,345,034

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WOLVERHAMPTON RACECOURSE LIMITED group structure

Wolverhampton Racecourse Limited has no subsidiary companies.

Ultimate parent company

OMAHA BUSINESS HOLDINGS CORP

#0098636

ARENA LEISURE RACING LIMITED

05960353

2 parents

WOLVERHAMPTON RACECOURSE LIMITED

02159607

WOLVERHAMPTON RACECOURSE LIMITED Shareholders

arena leisure racing ltd

100%

Wolverhampton Racecourse Limited currently has 1 director, Mr Mark Spincer serving since Jul 2019.

officer	country	age	start	end	role
Mr Mark Spincer	England	55 years	Jul 2019	-	Director

P&L

December 2023

turnover

19.1m

+22%

operating profit

3.8m

+229%

gross margin

38.6%

+28.82%

turnover

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

Balance Sheet

December 2023

net assets

31.4m

+0.12%

total assets

35.1m

+0.14%

cash

152k

-0.6%

net assets

Total assets minus all liabilities

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company number

02159607

Type

Private limited with Share Capital

industry

93110 - Operation of sports facilities

incorporation date

August 1987

ultimate parent company

OMAHA BUSINESS HOLDINGS CORP

previous names

dunstall park centre limited (December 2007)

the wolverhampton racecourse limited (September 1996)

address

millbank tower 21-24 millbank, london, england, SW1P 4QP

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 10 charges/mortgages relating to wolverhampton racecourse limited. Currently there are 2 open charges and 8 have been satisfied in the past.

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wolverhampton racecourse limited Company Information

wolverhampton racecourse limited Estimated Valuation

wolverhampton racecourse limited Estimated Valuation

wolverhampton racecourse limited Estimated Valuation

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WOLVERHAMPTON RACECOURSE LIMITED financials

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wolverhampton racecourse limited Companies House Filings - See Documents