Tir Prince Raceway Limited

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tir prince raceway limited Company Information

Company Number

02287227

Next Accounts

Nov 2025

Directors

Adam Williams

Alison Williams

Shareholders

adam james williams

alison williams

Group Structure

View All

Industry

Gambling and betting activities

Registered Address

towyn road, towyn, abergele, clwyd, LL22 9NW

Website

www.tirprince.co.uk

tir prince raceway limited Estimated Valuation

£20.9m

Pomanda estimates the enterprise value of TIR PRINCE RACEWAY LIMITED at £20.9m based on Net Assets of £9.3m and 2.25x industry multiple (adjusted for liquidity).

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Tir Prince Raceway Limited is a live company located in abergele, LL22 9NW with a Companies House number of 02287227. It operates in the activities of amusement parks and theme parks sector, SIC Code 93210. Founded in August 1988, it's largest shareholder is adam james williams with a 99% stake. Tir Prince Raceway Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Tir Prince Raceway 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 Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £8.8m, make it larger than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (13.6%)

EXPORT

Tir Prince Raceway Limited's latest turnover from February 2024 is £8.8 million and the company has net assets of £9.3 million. According to their latest financial statements, Tir Prince Raceway Limited has 162 employees and maintains cash reserves of £376.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Sep 2011	Sep 2010	Sep 2009
Turnover	8,761,820	8,510,965	6,190,264	2,645,415	5,550,271	4,960,967	4,633,213	4,672,727	194,731	2,643,168	1,521,126	2,796,531	3,680,501	3,690,766
Other Income Or Grants
Cost Of Sales	1,699,779	1,625,934	1,307,477	427,570	1,224,175	925,410	753,933	936,170	69,950	997,083	562,489	1,119,830	1,567,232	1,513,476
Gross Profit	7,062,041	6,885,031	4,882,787	2,217,845	4,326,096	4,035,557	3,879,280	3,736,557	124,781	1,646,085	958,637	1,676,701	2,113,268	2,177,290
Admin Expenses	5,969,204	5,600,699	3,013,217	1,876,377	3,657,066	2,968,365	3,056,004	2,641,179	84,707	1,448,913	818,750	1,405,576	1,975,688	1,921,629	-318,613
Operating Profit	1,092,837	1,284,332	1,869,570	341,468	669,030	1,067,192	823,276	1,095,378	40,074	197,172	139,887	271,125	137,580	255,661	318,613
Interest Payable	406,085	365,424	167,008	175,223	206,306	199,916	183,478	254,133	63,100	37,058	16,975		69,609	115,450	45,841
Interest Receivable	108								354	282	257	133	1,926	1,927	906
Pre-Tax Profit	686,860	918,908	1,702,562	166,245	462,724	867,276	639,798	841,245	-22,672	160,396	123,169	271,258	69,897	142,138	273,678
Tax	-323,066	-163,973	-279,776	-76,431	-132,559	-110,049	-155,828	-178,624		-33,683	-28,329	-65,102	-18,173	-39,798	-76,630
Profit After Tax	363,794	754,935	1,422,786	89,814	330,165	757,227	483,970	662,621	-22,672	126,713	94,840	206,156	51,724	102,339	197,048
Dividends Paid	80,000	96,000	100,000	130,000	130,000	170,000	170,000	150,000
Retained Profit	283,794	658,935	1,322,786	-40,186	200,165	587,227	313,970	512,621	-22,672	126,713	94,840	206,156	51,724	102,339	197,048
Employee Costs	2,833,836	2,782,789	1,892,106	1,338,273	1,800,028	1,312,288	1,292,097	995,867	86,119	895,110	551,598	1,063,527	1,303,550	1,293,349
Number Of Employees	162	162	121	86	108	81	72	62	5	53	32	62	78	77
EBITDA*	1,925,324	2,042,700	2,520,022	893,737	1,248,895	1,595,271	1,377,239	1,620,842	362,973	197,172	347,050	555,564	368,828	501,566	578,122

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	16,225,020	15,988,257	14,722,716	11,047,182	11,429,174	11,585,956	11,267,213	11,679,321	7,151,912	7,213,664	2,370,116	2,247,851	2,018,833	2,095,960	1,666,412
Intangible Assets	168,683	180,108	191,533	202,958	214,383	225,808					41,021	101,469	166,245	211,969	82,026
Investments & Other	725,000	725,000	937,000	749,900	749,900	589,269	589,269	589,269	2
Debtors (Due After 1 year)
Total Fixed Assets	17,118,703	16,893,365	15,851,249	12,000,040	12,393,457	12,401,033	11,856,482	12,268,590	7,151,914	7,213,664	2,411,137	2,349,320	2,185,078	2,307,929	1,748,438
Stock & work in progress	117,792	86,022	105,834	175,056	156,172	201,472	234,353	193,307	178,727	175,000	153,107	144,599	23,457	20,328	16,062
Trade Debtors	13,008								1,281	54,413	31,804	60,195	86,136	96,847	95,274
Group Debtors	63,463	162,141							312,684
Misc Debtors	287,302	117,203	79,949	113,315	78,213	113,144	55,496	24,209	74,378
Cash	376,690	1,145,082	405,980	1,133,869	289,583	496,950	708,077	742,083	78,411	63,110	49,785	53,002	362,039	408,289	362,357
misc current assets
total current assets	858,255	1,510,448	591,763	1,422,240	523,968	811,566	997,926	959,599	645,481	292,523	234,696	257,796	471,632	525,464	473,693
total assets	17,976,958	18,403,813	16,443,012	13,422,280	12,917,425	13,212,599	12,854,408	13,228,189	7,797,395	7,506,187	2,645,833	2,607,116	2,656,710	2,833,393	2,222,131
Bank overdraft				540,961	466,949	466,949	466,949	500,052	216,848					246,878	20,251
Bank loan	938,856	813,585	652,918
Trade Creditors	531,281	307,764	74,204	21,111	93,459	200,719	131,321	147,412	220,962	833,020	579,017	523,495	539,290	313,278	520,837
Group/Directors Accounts	1,168,839	1,335,152	1,692,412	600,565	903,152	731,961	581,662	563,939
other short term finances	799	10,151		4,146	4,534	5,026	318	3,944
hp & lease commitments	76,383	77,271	3,534	21,250	67,311	112,525	235,215	297,238	166,673
other current liabilities	722,483	887,798	967,098	594,656	471,630	576,937	502,378	384,208	311,982
total current liabilities	3,438,641	3,431,721	3,390,166	1,782,689	2,007,035	2,094,117	1,917,843	1,896,793	916,465	833,020	579,017	523,495	539,290	560,156	541,088
loans	4,144,741	4,834,135	3,815,273	3,833,735	3,396,001	3,766,375	4,137,280	4,731,483	1,106,731	617,952	522,309			1,894,927	1,390,254
hp & lease commitments	170,502	218,798	883	9,955	30,007	84,018	151,585	157,991	222,701
Accruals and Deferred Income
other liabilities	162,898	312,769	342,308	376,636						620,898	739,984	1,412,519	1,690,853
provisions	745,012	575,020	521,947	369,616	394,547	378,419	345,257	453,449	398,150	169,233	119,357	80,776	75,354	78,821	93,639
total long term liabilities	5,223,153	5,940,722	4,680,411	4,589,942	3,820,555	4,228,812	4,634,122	5,342,923	1,727,582	1,408,083	1,381,650	1,493,295	1,766,207	1,973,748	1,483,893
total liabilities	8,661,794	9,372,443	8,070,577	6,372,631	5,827,590	6,322,929	6,551,965	7,239,716	2,644,047	2,241,103	1,960,667	2,016,790	2,305,497	2,533,904	2,024,981
net assets	9,315,164	9,031,370	8,372,435	7,049,649	7,089,835	6,889,670	6,302,443	5,988,473	5,153,348	5,265,084	685,166	590,326	351,213	299,489	197,150
total shareholders funds	9,315,164	9,031,370	8,372,435	7,049,649	7,089,835	6,889,670	6,302,443	5,988,473	5,153,348	5,265,084	685,166	590,326	351,213	299,489	197,150

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	1,092,837	1,284,332	1,869,570	341,468	669,030	1,067,192	823,276	1,095,378	40,074	197,172	139,887	271,125	137,580	255,661	318,613
Depreciation	821,062	746,943	639,027	540,844	568,440	525,387	553,963	525,464	322,899		146,715	219,663	185,524	220,848	244,785
Amortisation	11,425	11,425	11,425	11,425	11,425	2,692					60,448	64,776	45,724	25,057	14,724
Tax	-323,066	-163,973	-279,776	-76,431	-132,559	-110,049	-155,828	-178,624		-33,683	-28,329	-65,102	-18,173	-39,798	-76,630
Stock	31,770	-19,812	-69,222	18,884	-45,300	-32,881	41,046	14,580	3,727	21,893	8,508	144,599	3,129	4,266	16,062
Debtors	84,429	199,395	-33,366	35,102	-34,931	57,648	31,287	-364,134	333,930	22,609	-28,391	60,195	-10,711	1,573	95,274
Creditors	223,517	233,560	53,093	-72,348	-107,260	69,398	-16,091	-73,550	-612,058	254,003	55,522	523,495	226,012	-207,559	520,837
Accruals and Deferred Income	-165,315	-79,300	372,442	123,026	-105,307	74,559	118,170	72,226	311,982
Deferred Taxes & Provisions	169,992	53,073	152,331	-24,931	16,128	33,162	-108,192	55,299	228,917	49,876	38,581	80,776	-3,467	-14,818	93,639
Cash flow from operations	1,714,253	1,906,477	2,920,700	789,067	1,000,128	1,637,574	1,142,965	1,845,747	-45,843	422,866	432,707	889,939	580,782	233,552	1,004,632
Investing Activities
capital expenditure						-1,072,083	-73,955	-882,401	-261,147	-4,802,527	-268,980	-2,633,759	-108,397	-805,396	-2,007,947
Change in Investments		-212,000	187,100		160,631			589,267	2
cash flow from investments		212,000	-187,100		-160,631	-1,072,083	-73,955	-1,471,668	-261,149	-4,802,527	-268,980	-2,633,759	-108,397	-805,396	-2,007,947
Financing Activities
Bank loans	125,271	160,667	652,918
Group/Directors Accounts	-166,313	-357,260	1,091,847	-302,587	171,191	150,299	17,723	563,939
Other Short Term Loans	-9,352	10,151	-4,146	-388	-492	4,708	-3,626	3,944
Long term loans	-689,394	1,018,862	-18,462	437,734	-370,374	-370,905	-594,203	3,624,752	488,779	95,643	522,309		-1,894,927	504,673	1,390,254
Hire Purchase and Lease Commitments	-49,184	291,652	-26,788	-66,113	-99,225	-190,257	-68,429	65,855	389,374
other long term liabilities	-149,871	-29,539	-34,328	376,636					-620,898	-119,086	-672,535	1,412,519	1,690,853
share issue								322,504	-89,064	4,453,205		384,170			102
interest	-405,977	-365,424	-167,008	-175,223	-206,306	-199,916	-183,478	-254,133	-62,746	-36,776	-16,718	133	-67,683	-113,523	-44,935
cash flow from financing	-1,344,820	729,109	1,494,033	270,059	-505,206	-606,071	-832,013	4,326,861	105,445	4,392,986	-166,944	1,796,822	-271,757	391,150	1,345,421
cash and cash equivalents
cash	-768,392	739,102	-727,889	844,286	-207,367	-211,127	-34,006	663,672	15,301	13,325	-3,217	53,002	-46,250	45,932	362,357
overdraft			-540,961	74,012			-33,103	283,204	216,848				-246,878	226,627	20,251
change in cash	-768,392	739,102	-186,928	770,274	-207,367	-211,127	-903	380,468	-201,547	13,325	-3,217	53,002	200,628	-180,695	342,106

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TIR PRINCE RACEWAY LIMITED group structure

Tir Prince Raceway Limited has 6 subsidiary companies.

Ultimate parent company

TIR PRINCE RACEWAY LIMITED

02287227

6 subsidiaries

THE KINMEL ARMS LTD

11711959

RHOS POINT TRADING LIMITED

12819665

LLANDUDNO PIER LIMITED

09509212

LLANDUDNO PIER TRADING LIMITED

09526601

TIR PRINCE PROPERTIES LIMITED

10458481

RHOS POINT LIMITED

12819689

TIR PRINCE RACEWAY LIMITED Shareholders

adam james williams	99.02%
alison williams	0.98%

Tir Prince Raceway Limited currently has 2 directors. The longest serving directors include Mr Adam Williams (Dec 1996) and Mrs Alison Williams (Jan 2013).

officer	country	age	start	end	role
Mr Adam Williams		48 years	Dec 1996	-	Director
Mrs Alison Williams	United Kingdom	45 years	Jan 2013	-	Director

P&L

February 2024

turnover

8.8m

+3%

operating profit

1.1m

-15%

gross margin

80.7%

-0.37%

turnover

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

Balance Sheet

February 2024

net assets

9.3m

+0.03%

total assets

18m

-0.02%

cash

376.7k

-0.67%

net assets

Total assets minus all liabilities

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company number

02287227

Type

Private limited with Share Capital

industry

92000 - Gambling and betting activities

93110 - Operation of sports facilities

93210 - Activities of amusement parks and theme parks

incorporation date

August 1988

ultimate parent company

None

previous names

north wales harness racing ltd. (April 1989)

simcroft limited (December 1988)

address

towyn road, towyn, abergele, clwyd, LL22 9NW

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 18 charges/mortgages relating to tir prince raceway limited. Currently there are 11 open charges and 7 have been satisfied in the past.

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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tir prince raceway limited Company Information

tir prince raceway limited Estimated Valuation

tir prince raceway limited Estimated Valuation

tir prince raceway limited Estimated Valuation

Tir Prince Raceway Limited Overview

Tir Prince Raceway Limited Health Check

TIR PRINCE RACEWAY LIMITED financials

tir prince raceway limited Credit Report and Business Information

Tir Prince Raceway Limited Competitor Analysis

tir prince raceway limited Ownership

tir prince raceway limited directors

tir prince raceway limited company details

tir prince raceway limited Charges & Mortgages

tir prince raceway limited Capital Raised & Share Issues BETA

tir prince raceway limited Companies House Filings - See Documents