tir prince raceway limited

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tir prince raceway limited Company Information

Share TIR PRINCE RACEWAY LIMITED

Company Number

02287227

Shareholders

adam james williams

alison williams

Group Structure

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Industry

Gambling and betting activities

 +3

Registered Address

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

tir prince raceway limited Estimated Valuation

£10.5m

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

£10.4m

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

£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 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

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

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

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

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

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

Employees

with 162 employees, this is above the industry average (58)

162 - Tir Prince Raceway Limited

58 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Sep 2011Sep 2010Sep 2009
Turnover8,761,8208,510,9656,190,2642,645,4155,550,2714,960,9674,633,2134,672,727194,7312,643,1681,521,1262,796,5313,680,5013,690,766
Other Income Or Grants
Cost Of Sales1,699,7791,625,9341,307,477427,5701,224,175925,410753,933936,17069,950997,083562,4891,119,8301,567,2321,513,476
Gross Profit7,062,0416,885,0314,882,7872,217,8454,326,0964,035,5573,879,2803,736,557124,7811,646,085958,6371,676,7012,113,2682,177,290
Admin Expenses5,969,2045,600,6993,013,2171,876,3773,657,0662,968,3653,056,0042,641,17984,7071,448,913818,7501,405,5761,975,6881,921,629-318,613
Operating Profit1,092,8371,284,3321,869,570341,468669,0301,067,192823,2761,095,37840,074197,172139,887271,125137,580255,661318,613
Interest Payable406,085365,424167,008175,223206,306199,916183,478254,13363,10037,05816,97569,609115,45045,841
Interest Receivable1083542822571331,9261,927906
Pre-Tax Profit686,860918,9081,702,562166,245462,724867,276639,798841,245-22,672160,396123,169271,25869,897142,138273,678
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 Tax363,794754,9351,422,78689,814330,165757,227483,970662,621-22,672126,71394,840206,15651,724102,339197,048
Dividends Paid80,00096,000100,000130,000130,000170,000170,000150,000
Retained Profit283,794658,9351,322,786-40,186200,165587,227313,970512,621-22,672126,71394,840206,15651,724102,339197,048
Employee Costs2,833,8362,782,7891,892,1061,338,2731,800,0281,312,2881,292,097995,86786,119895,110551,5981,063,5271,303,5501,293,349
Number Of Employees1621621218610881726255332627877
EBITDA*1,925,3242,042,7002,520,022893,7371,248,8951,595,2711,377,2391,620,842362,973197,172347,050555,564368,828501,566578,122

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Sep 2011Sep 2010Sep 2009
Tangible Assets16,225,02015,988,25714,722,71611,047,18211,429,17411,585,95611,267,21311,679,3217,151,9127,213,6642,370,1162,247,8512,018,8332,095,9601,666,412
Intangible Assets168,683180,108191,533202,958214,383225,80841,021101,469166,245211,96982,026
Investments & Other725,000725,000937,000749,900749,900589,269589,269589,2692
Debtors (Due After 1 year)
Total Fixed Assets17,118,70316,893,36515,851,24912,000,04012,393,45712,401,03311,856,48212,268,5907,151,9147,213,6642,411,1372,349,3202,185,0782,307,9291,748,438
Stock & work in progress117,79286,022105,834175,056156,172201,472234,353193,307178,727175,000153,107144,59923,45720,32816,062
Trade Debtors13,0081,28154,41331,80460,19586,13696,84795,274
Group Debtors63,463162,141312,684
Misc Debtors287,302117,20379,949113,31578,213113,14455,49624,20974,378
Cash376,6901,145,082405,9801,133,869289,583496,950708,077742,08378,41163,11049,78553,002362,039408,289362,357
misc current assets
total current assets858,2551,510,448591,7631,422,240523,968811,566997,926959,599645,481292,523234,696257,796471,632525,464473,693
total assets17,976,95818,403,81316,443,01213,422,28012,917,42513,212,59912,854,40813,228,1897,797,3957,506,1872,645,8332,607,1162,656,7102,833,3932,222,131
Bank overdraft540,961466,949466,949466,949500,052216,848246,87820,251
Bank loan938,856813,585652,918
Trade Creditors 531,281307,76474,20421,11193,459200,719131,321147,412220,962833,020579,017523,495539,290313,278520,837
Group/Directors Accounts1,168,8391,335,1521,692,412600,565903,152731,961581,662563,939
other short term finances79910,1514,1464,5345,0263183,944
hp & lease commitments76,38377,2713,53421,25067,311112,525235,215297,238166,673
other current liabilities722,483887,798967,098594,656471,630576,937502,378384,208311,982
total current liabilities3,438,6413,431,7213,390,1661,782,6892,007,0352,094,1171,917,8431,896,793916,465833,020579,017523,495539,290560,156541,088
loans4,144,7414,834,1353,815,2733,833,7353,396,0013,766,3754,137,2804,731,4831,106,731617,952522,3091,894,9271,390,254
hp & lease commitments170,502218,7988839,95530,00784,018151,585157,991222,701
Accruals and Deferred Income
other liabilities162,898312,769342,308376,636620,898739,9841,412,5191,690,853
provisions745,012575,020521,947369,616394,547378,419345,257453,449398,150169,233119,35780,77675,35478,82193,639
total long term liabilities5,223,1535,940,7224,680,4114,589,9423,820,5554,228,8124,634,1225,342,9231,727,5821,408,0831,381,6501,493,2951,766,2071,973,7481,483,893
total liabilities8,661,7949,372,4438,070,5776,372,6315,827,5906,322,9296,551,9657,239,7162,644,0472,241,1031,960,6672,016,7902,305,4972,533,9042,024,981
net assets9,315,1649,031,3708,372,4357,049,6497,089,8356,889,6706,302,4435,988,4735,153,3485,265,084685,166590,326351,213299,489197,150
total shareholders funds9,315,1649,031,3708,372,4357,049,6497,089,8356,889,6706,302,4435,988,4735,153,3485,265,084685,166590,326351,213299,489197,150
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit1,092,8371,284,3321,869,570341,468669,0301,067,192823,2761,095,37840,074197,172139,887271,125137,580255,661318,613
Depreciation821,062746,943639,027540,844568,440525,387553,963525,464322,899146,715219,663185,524220,848244,785
Amortisation11,42511,42511,42511,42511,4252,69260,44864,77645,72425,05714,724
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
Stock31,770-19,812-69,22218,884-45,300-32,88141,04614,5803,72721,8938,508144,5993,1294,26616,062
Debtors84,429199,395-33,36635,102-34,93157,64831,287-364,134333,93022,609-28,39160,195-10,7111,57395,274
Creditors223,517233,56053,093-72,348-107,26069,398-16,091-73,550-612,058254,00355,522523,495226,012-207,559520,837
Accruals and Deferred Income-165,315-79,300372,442123,026-105,30774,559118,17072,226311,982
Deferred Taxes & Provisions169,99253,073152,331-24,93116,12833,162-108,19255,299228,91749,87638,58180,776-3,467-14,81893,639
Cash flow from operations1,714,2531,906,4772,920,700789,0671,000,1281,637,5741,142,9651,845,747-45,843422,866432,707889,939580,782233,5521,004,632
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-212,000187,100160,631589,2672
cash flow from investments212,000-187,100-160,631-1,072,083-73,955-1,471,668-261,149-4,802,527-268,980-2,633,759-108,397-805,396-2,007,947
Financing Activities
Bank loans125,271160,667652,918
Group/Directors Accounts-166,313-357,2601,091,847-302,587171,191150,29917,723563,939
Other Short Term Loans -9,35210,151-4,146-388-4924,708-3,6263,944
Long term loans-689,3941,018,862-18,462437,734-370,374-370,905-594,2033,624,752488,77995,643522,309-1,894,927504,6731,390,254
Hire Purchase and Lease Commitments-49,184291,652-26,788-66,113-99,225-190,257-68,42965,855389,374
other long term liabilities-149,871-29,539-34,328376,636-620,898-119,086-672,5351,412,5191,690,853
share issue322,504-89,0644,453,205384,170102
interest-405,977-365,424-167,008-175,223-206,306-199,916-183,478-254,133-62,746-36,776-16,718133-67,683-113,523-44,935
cash flow from financing-1,344,820729,1091,494,033270,059-505,206-606,071-832,0134,326,861105,4454,392,986-166,9441,796,822-271,757391,1501,345,421
cash and cash equivalents
cash-768,392739,102-727,889844,286-207,367-211,127-34,006663,67215,30113,325-3,21753,002-46,25045,932362,357
overdraft-540,96174,012-33,103283,204216,848-246,878226,62720,251
change in cash-768,392739,102-186,928770,274-207,367-211,127-903380,468-201,54713,325-3,21753,002200,628-180,695342,106

tir prince raceway 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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Tir Prince Raceway Limited Competitor Analysis

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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.

TIR PRINCE RACEWAY LIMITED Shareholders

adam james williams 99.02%
alison williams 0.98%

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).

officercountryagestartendrole
Mr Adam Williams48 years Dec 1996- Director
Mrs Alison WilliamsUnited Kingdom45 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

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

None

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

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