Independent Racing Services Limited

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independent racing services limited Company Information

Live

MatureMidHealthy

Company Number

02326436

Next Accounts

Dec 2025

Industry

Sale of used cars and light motor vehicles

Directors

David Fox

Andrea Fox

Shareholders

irs investments ltd

Group Structure

View All

Contact

Registered Address

dave fox car sales a34 south, meaford, stoke on trent, staffordshire, ST15 0QT

Website

davefoxcars.co.uk

independent racing services limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of INDEPENDENT RACING SERVICES LIMITED at £5.3m based on Net Assets of £1.8m and 2.87x industry multiple (adjusted for liquidity).

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Independent Racing Services Limited is a live company located in stoke on trent, ST15 0QT with a Companies House number of 02326436. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in December 1988, it's largest shareholder is irs investments ltd with a 100% stake. Independent Racing Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Independent Racing Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

5 Regular

1 Weak

Size

annual sales of £8.4m, make it larger than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (13.4%)

EXPORT

Independent Racing Services Limited's latest turnover from March 2024 is estimated at £8.4 million and the company has net assets of £1.8 million. According to their latest financial statements, Independent Racing Services Limited has 12 employees and maintains cash reserves of £451.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	8,421,192	6,990,217	6,733,599	6,056,298	5,750,273	6,434,499	6,000,142	5,425,115	4,616,143	5,249,315	4,768,865	3,065,928	2,168,224	5,107,169	4,983,885
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,495,451	6,208,091	5,973,361	5,415,436	5,083,786	5,701,248	5,318,415	4,808,443	4,039,743	4,582,779	4,191,841	2,710,662	1,911,015	4,459,024	4,350,206
Gross Profit	925,742	782,126	760,238	640,862	666,487	733,251	681,727	616,672	576,401	666,536	577,024	355,267	257,209	648,145	633,679
Admin Expenses	810,201	721,938	1,545,029	241,102	523,773	451,995	473,484	392,466	366,249	781,406	674,525	148,685	298,369	582,507	-1,170,468
Operating Profit	115,541	60,188	-784,791	399,760	142,714	281,256	208,243	224,206	210,152	-114,870	-97,501	206,582	-41,160	65,638	1,804,147
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	20,532	8,181	4,835	1,083	790	4,390	2,801	1,163	2,014	2,257	2,427	2,331	1,795	1,502	682
Pre-Tax Profit	136,073	68,369	-779,956	400,843	143,504	285,646	211,044	225,369	212,166	-112,613	-95,074	208,913	-39,365	67,140	1,804,829
Tax	-34,018	-12,990	0	-76,160	-27,266	-54,273	-40,098	-45,074	-42,433	0	0	-50,139	0	-18,799	-505,352
Profit After Tax	102,055	55,379	-779,956	324,683	116,238	231,373	170,946	180,295	169,733	-112,613	-95,074	158,774	-39,365	48,341	1,299,477
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	102,055	55,379	-779,956	324,683	116,238	231,373	170,946	180,295	169,733	-112,613	-95,074	158,774	-39,365	48,341	1,299,477
Employee Costs	395,720	384,794	371,996	341,013	289,071	258,889	249,614	249,522	238,735	340,562	300,764	225,600	145,357	364,154	335,876
Number Of Employees	12	12	12	12	10	9	9	9	9	13	12	9	6	15	13
EBITDA*	116,339	61,246	-783,799	400,846	143,470	283,884	210,501	226,528	210,152	-106,451	-83,864	220,341	-27,031	78,822	1,813,766

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	2,861	3,659	3,967	4,713	5,217	5,134	4,861	6,579	8,651	310,830	623,978	636,871	650,630	656,764	666,583
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	45,000	0	57,976	62,028	72,004	0	0	0	0	0	0
Total Fixed Assets	2,861	3,659	3,967	4,713	50,217	5,134	62,837	68,607	80,655	310,830	623,978	636,871	650,630	656,764	666,583
Stock & work in progress	1,478,217	1,390,824	1,454,526	1,188,085	1,319,993	1,431,386	1,325,913	847,180	1,073,383	803,895	589,325	592,835	526,133	714,248	634,614
Trade Debtors	184,772	187,149	194,982	209,126	63,077	121,544	71,763	166,524	56,035	55,283	70,211	39,138	13,852	31,996	54,500
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	451,157	331,015	53,967	1,235,364	930,730	648,967	521,588	598,843	331,318	474,416	428,214	542,526	389,905	327,970	272,955
misc current assets	295,452	252,732	248,118	230,591	171,201	183,804	165,942	159,788	120,161	77,727	69,763	61,799	53,834	45,870	37,906
total current assets	2,409,598	2,161,720	1,951,593	2,863,166	2,485,001	2,385,701	2,085,206	1,772,335	1,580,897	1,411,321	1,157,513	1,236,298	983,724	1,120,084	999,975
total assets	2,412,459	2,165,379	1,955,560	2,867,879	2,535,218	2,390,835	2,148,043	1,840,942	1,661,552	1,722,151	1,781,491	1,873,169	1,634,354	1,776,848	1,666,558
Bank overdraft	0	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	0
Trade Creditors	544,846	408,470	260,210	394,110	395,894	363,770	352,753	216,731	223,555	460,311	409,238	124,643	79,379	428,930	366,981
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	281,199	246,422	0	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	544,846	408,470	260,210	394,110	395,894	363,770	352,753	216,731	223,555	460,311	409,238	405,842	325,801	428,930	366,981
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	37,227	28,578	22,398	20,861	11,099	15,078	14,676	14,543	8,624	2,200	0	0	0	0	0
total long term liabilities	37,227	28,578	22,398	20,861	11,099	15,078	14,676	14,543	8,624	2,200	0	0	0	0	0
total liabilities	582,073	437,048	282,608	414,971	406,993	378,848	367,429	231,274	232,179	462,511	409,238	405,842	325,801	428,930	366,981
net assets	1,830,386	1,728,331	1,672,952	2,452,908	2,128,225	2,011,987	1,780,614	1,609,668	1,429,373	1,259,640	1,372,253	1,467,327	1,308,553	1,347,918	1,299,577
total shareholders funds	1,830,386	1,728,331	1,672,952	2,452,908	2,128,225	2,011,987	1,780,614	1,609,668	1,429,373	1,259,640	1,372,253	1,467,327	1,308,553	1,347,918	1,299,577

	Mar 2024	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	115,541	60,188	-784,791	399,760	142,714	281,256	208,243	224,206	210,152	-114,870	-97,501	206,582	-41,160	65,638	1,804,147
Depreciation	798	1,058	992	1,086	756	2,628	2,258	2,322	0	8,419	13,637	13,759	14,129	13,184	9,619
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-34,018	-12,990	0	-76,160	-27,266	-54,273	-40,098	-45,074	-42,433	0	0	-50,139	0	-18,799	-505,352
Stock	87,393	-63,702	266,441	-131,908	-111,393	105,473	478,733	-226,203	269,488	214,570	-3,510	66,702	-188,115	79,634	634,614
Debtors	-2,377	-7,833	-14,144	101,049	-13,467	-8,195	-98,813	100,513	72,756	-14,928	31,073	25,286	-18,144	-22,504	54,500
Creditors	136,376	148,260	-133,900	-1,784	32,124	11,017	136,022	-6,824	-236,756	51,073	284,595	45,264	-349,551	61,949	366,981
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	8,649	6,180	1,537	9,762	-3,979	402	133	5,919	6,424	2,200	0	0	0	0	0
Cash flow from operations	142,330	274,231	-1,168,459	363,523	269,209	143,752	-73,362	306,239	-404,857	-252,820	173,168	123,478	-170,323	64,842	986,281
Investing Activities
capital expenditure	0	-750	-246	-582	-839	-2,901	-540	-250	302,179	304,729	-744	0	-7,995	-3,365	-676,202
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-750	-246	-582	-839	-2,901	-540	-250	302,179	304,729	-744	0	-7,995	-3,365	-676,202
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-281,199	34,777	246,422	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	20,532	8,181	4,835	1,083	790	4,390	2,801	1,163	2,014	2,257	2,427	2,331	1,795	1,502	682
cash flow from financing	20,532	8,181	4,835	1,083	790	4,390	2,801	1,163	2,014	2,257	-278,772	37,108	248,217	1,502	782
cash and cash equivalents
cash	120,142	277,048	-1,181,397	304,634	281,763	127,379	-77,255	267,525	-143,098	46,202	-114,312	152,621	61,935	55,015	272,955
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	120,142	277,048	-1,181,397	304,634	281,763	127,379	-77,255	267,525	-143,098	46,202	-114,312	152,621	61,935	55,015	272,955

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INDEPENDENT RACING SERVICES LIMITED group structure

Independent Racing Services Limited has no subsidiary companies.

Ultimate parent company

IRS INVESTMENTS LIMITED

09130522

1 parent

INDEPENDENT RACING SERVICES LIMITED

02326436

INDEPENDENT RACING SERVICES LIMITED Shareholders

irs investments ltd

100%

Independent Racing Services Limited currently has 2 directors. The longest serving directors include Mr David Fox (Jun 1991) and Mrs Andrea Fox (Mar 2021).

officer	country	age	start	end	role
Mr David Fox	United Kingdom	64 years	Jun 1991	-	Director
Mrs Andrea Fox	United Kingdom	63 years	Mar 2021	-	Director

P&L

March 2024

turnover

8.4m

+20%

operating profit

115.5k

gross margin

11%

-1.75%

turnover

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

Balance Sheet

March 2024

net assets

1.8m

+0.06%

total assets

2.4m

+0.11%

cash

451.2k

+0.36%

net assets

Total assets minus all liabilities

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company number

02326436

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

December 1988

ultimate parent company

IRS INVESTMENTS LIMITED

previous names

N/A

address

dave fox car sales a34 south, meaford, stoke on trent, staffordshire, ST15 0QT

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independent racing services limited Company Information

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independent racing services limited Estimated Valuation

independent racing services limited Estimated Valuation

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