tir prince raceway limited Company Information
Company Number
02287227
Next Accounts
Nov 2025
Shareholders
adam james williams
alison williams
Group Structure
View All
Industry
Gambling and betting activities
+3Registered Address
towyn road, towyn, abergele, clwyd, LL22 9NW
Website
www.tirprince.co.uktir prince raceway limited Estimated Valuation
Pomanda estimates the enterprise value of TIR PRINCE RACEWAY LIMITED at £10.5m based on a Turnover of £8.8m and 1.2x industry multiple (adjusted for size and gross margin).
tir prince raceway limited Estimated Valuation
Pomanda estimates the enterprise value of TIR PRINCE RACEWAY LIMITED at £10.4m based on an EBITDA of £1.9m and a 5.4x industry multiple (adjusted for size and gross margin).
tir prince raceway limited Estimated Valuation
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 Overview
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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Tir Prince Raceway Limited Health Check
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


7 Strong

2 Regular

3 Weak

Size
annual sales of £8.8m, make it larger than the average company (£4.4m)
£8.8m - Tir Prince Raceway Limited
£4.4m - Industry AVG

Growth
3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (13.6%)
49% - Tir Prince Raceway Limited
13.6% - Industry AVG

Production
with a gross margin of 80.6%, this company has a lower cost of product (67%)
80.6% - Tir Prince Raceway Limited
67% - Industry AVG

Profitability
an operating margin of 12.5% make it more profitable than the average company (7.8%)
12.5% - Tir Prince Raceway Limited
7.8% - Industry AVG

Employees
with 162 employees, this is above the industry average (58)
162 - Tir Prince Raceway Limited
58 - Industry AVG

Pay Structure
on an average salary of £17.5k, the company has an equivalent pay structure (£21.9k)
£17.5k - Tir Prince Raceway Limited
£21.9k - Industry AVG

Efficiency
resulting in sales per employee of £54.1k, this is less efficient (£69.9k)
£54.1k - Tir Prince Raceway Limited
£69.9k - Industry AVG

Debtor Days
it gets paid by customers after 0 days, this is earlier than average (6 days)
0 days - Tir Prince Raceway Limited
6 days - Industry AVG

Creditor Days
its suppliers are paid after 114 days, this is slower than average (47 days)
114 days - Tir Prince Raceway Limited
47 days - Industry AVG

Stock Days
it holds stock equivalent to 25 days, this is more than average (16 days)
25 days - Tir Prince Raceway Limited
16 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (47 weeks)
5 weeks - Tir Prince Raceway Limited
47 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 48.2%, this is a similar level of debt than the average (46.1%)
48.2% - Tir Prince Raceway Limited
46.1% - Industry AVG
TIR PRINCE RACEWAY LIMITED financials

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 | |||||||
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 | |||||||
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 | |||||||
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 | |||||||
Operating Profit | 1,092,837 | 1,284,332 | 1,869,570 | 341,468 | 669,030 | 1,067,192 | 823,276 | 1,095,378 | |||||||
Interest Payable | 406,085 | 365,424 | 167,008 | 175,223 | 206,306 | 199,916 | 183,478 | 254,133 | |||||||
Interest Receivable | 108 | ||||||||||||||
Pre-Tax Profit | 686,860 | 918,908 | 1,702,562 | 166,245 | 462,724 | 867,276 | 639,798 | 841,245 | |||||||
Tax | -323,066 | -163,973 | -279,776 | -76,431 | -132,559 | -110,049 | -155,828 | -178,624 | |||||||
Profit After Tax | 363,794 | 754,935 | 1,422,786 | 89,814 | 330,165 | 757,227 | 483,970 | 662,621 | |||||||
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 | |||||||
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 | |||||||
Number Of Employees | 162 | 162 | 121 | 86 | 108 | 81 | 72 | 62 | |||||||
EBITDA* | 1,925,324 | 2,042,700 | 2,520,022 | 893,737 | 1,248,895 | 1,595,271 | 1,377,239 | 1,620,842 |
* 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 | |||||||
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 | |||||||
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 | |||||||
Investing Activities | |||||||||||||||
capital expenditure | -1,072,083 | -73,955 | -882,401 | ||||||||||||
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 | |||||||||
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 | |||||||||||||||
interest | -405,977 | -365,424 | -167,008 | -175,223 | -206,306 | -199,916 | -183,478 | -254,133 | |||||||
cash flow from financing | -1,344,820 | 729,109 | 1,494,033 | 270,059 | -505,206 | -606,071 | -832,013 | 4,326,861 | |||||||
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 |
tir prince raceway limited Credit Report and Business Information
Tir Prince Raceway Limited Competitor Analysis

Perform a competitor analysis for tir prince raceway limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mid companies, companies in LL22 area or any other competitors across 12 key performance metrics.
tir prince raceway limited Ownership
TIR PRINCE RACEWAY LIMITED group structure
Tir Prince Raceway Limited has 6 subsidiary companies.
Ultimate parent company
TIR PRINCE RACEWAY LIMITED
02287227
6 subsidiaries
tir prince raceway limited directors
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 2024turnover
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 2024net assets
9.3m
+0.03%
total assets
18m
-0.02%
cash
376.7k
-0.67%
net assets
Total assets minus all liabilities
tir prince raceway limited company details
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
age
37
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
February 2024
previous names
north wales harness racing ltd. (April 1989)
simcroft limited (December 1988)
accountant
-
auditor
SALISBURY & COMPANY BUSINESS SOL
address
towyn road, towyn, abergele, clwyd, LL22 9NW
Bank
-
Legal Advisor
-
tir prince raceway 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 18 charges/mortgages relating to tir prince raceway limited. Currently there are 11 open charges and 7 have been satisfied in the past.
tir prince raceway 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.
Click to start generating capital raising & share issue transactions for TIR PRINCE RACEWAY LIMITED. This can take several minutes, an email will notify you when this has completed.
tir prince raceway limited Companies House Filings - See Documents
date | description | view/download |
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