Racing Reach Management Company Limited

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racing reach management company limited Company Information

Live

MatureMicroHigh

Company Number

02800050

Website

Registered Address

unit 29, the tangent business hub, mansfield, nottinghamshire, NG20 8RX

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

David Broughton30 Years

Julia Broughton16 Years

View All

Shareholders

david broughton 100%

racing reach management company limited Estimated Valuation

£324.8k

Pomanda estimates the enterprise value of RACING REACH MANAGEMENT COMPANY LIMITED at £324.8k based on a Turnover of £137.6k and 2.36x industry multiple (adjusted for size and gross margin).

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Racing Reach Management Company Limited is a live company located in mansfield, NG20 8RX with a Companies House number of 02800050. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 1993, it's largest shareholder is david broughton with a 100% stake. Racing Reach Management Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £137.6k with high growth in recent years.

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Pomanda's financial health check has awarded Racing Reach Management Company Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £137.6k, make it smaller than the average company (£797.5k)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (1.9%)

EXPORT

Racing Reach Management Company Limited's latest turnover from March 2023 is estimated at £137.6 thousand and the company has net assets of £41.2 thousand. According to their latest financial statements, we estimate that Racing Reach Management Company Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	137,626	96,168	88,473	76,743	67,928	49,934	105,899	153,437	32,777	16,118	11,637	11,733	15,338	28,100
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	91,679	65,091	58,144	50,859	45,432	32,989	67,711	102,380	23,045	11,313	8,242	8,331	10,751	19,275
Gross Profit	45,947	31,076	30,329	25,885	22,496	16,945	38,187	51,057	9,732	4,805	3,395	3,403	4,587	8,825
Admin Expenses	50,935	25,861	16,709	30,877	22,431	44,425	11,415	47,055	3,282	1,311	-6,518	-13,505	-6,211	5,402
Operating Profit	-4,988	5,215	13,620	-4,992	65	-27,480	26,772	4,002	6,450	3,494	9,913	16,908	10,798	3,423
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	11,570	0
Interest Receivable	0	0	0	0	0	0	7	40	33	47	64	25	15	0
Pre-Tax Profit	-4,988	5,215	13,620	-4,992	65	-27,480	26,779	4,043	6,484	3,542	9,978	16,932	-757	-7,775
Tax	0	-991	-2,588	0	-12	0	-5,356	-808	-1,362	-815	-2,395	-4,402	0	-358
Profit After Tax	-4,988	4,224	11,032	-4,992	53	-27,480	21,423	3,234	5,122	2,727	7,583	12,530	-757	-8,133
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,988	4,224	11,032	-4,992	53	-27,480	21,423	3,234	5,122	2,727	7,583	12,530	-757	-8,133
Employee Costs	30,376	28,791	26,834	27,392	27,028	25,913	25,533	26,002	25,964	24,753	23,839	23,802	23,251	24,338
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-4,988	5,215	13,620	-4,992	65	-27,480	26,772	5,116	7,564	4,733	10,039	17,034	10,923	3,423

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	923,157	919,011	919,011	919,011	919,011	919,011	919,011	920,126	441,172	442,286	390,021	390,147	390,273	389,896
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	923,157	919,011	919,011	919,011	919,011	919,011	919,011	920,126	441,172	442,286	390,021	390,147	390,273	389,896
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	36,134	26,540	19,546	11,872	8,568	4,544	15,967	6,245	5,665	2,472	0	0	0	0
Group Debtors	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
Cash	0	0	0	0	0	0	0	5,427	10,686	2,694	16,259	9,418	478	5,558
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	36,134	26,540	19,546	11,872	8,568	4,544	15,967	11,672	16,351	5,166	16,259	9,418	478	5,558
total assets	959,291	945,551	938,557	930,883	927,579	923,555	934,978	931,798	457,523	447,452	406,280	399,565	390,751	395,454
Bank overdraft	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
Trade Creditors	32,146	30,920	81,495	97,409	116,931	135,065	175,906	487,036	23,356	18,184	12,408	13,276	16,992	20,938
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	32,146	30,920	81,495	97,409	116,931	135,065	175,906	487,036	23,356	18,184	12,408	13,276	16,992	20,938
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	356,000
hp & lease commitments	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
other liabilities	885,918	868,416	815,071	802,515	774,697	752,592	695,694	395,584	388,000	388,000	356,000	356,000	356,000	0
provisions	0	0	0	0	0	0	0	223	446	669	0	0	0	0
total long term liabilities	885,918	868,416	815,071	802,515	774,697	752,592	695,694	395,807	388,446	388,669	356,000	356,000	356,000	356,000
total liabilities	918,064	899,336	896,566	899,924	891,628	887,657	871,600	882,843	411,802	406,853	368,408	369,276	372,992	376,938
net assets	41,227	46,215	41,991	30,959	35,951	35,898	63,378	48,955	45,721	40,599	37,872	30,289	17,759	18,516
total shareholders funds	41,227	46,215	41,991	30,959	35,951	35,898	63,378	48,955	45,721	40,599	37,872	30,289	17,759	18,516

	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	-4,988	5,215	13,620	-4,992	65	-27,480	26,772	4,002	6,450	3,494	9,913	16,908	10,798	3,423
Depreciation	0	0	0	0	0	0	0	1,114	1,114	1,239	126	126	125	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-991	-2,588	0	-12	0	-5,356	-808	-1,362	-815	-2,395	-4,402	0	-358
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	9,594	6,994	7,674	3,304	4,024	-11,423	9,722	580	3,193	2,472	0	0	0	0
Creditors	1,226	-50,575	-15,914	-19,522	-18,134	-40,841	-311,130	463,680	5,172	5,776	-868	-3,716	-3,946	20,938
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-223	-223	-223	669	0	0	0	0
Cash flow from operations	-13,356	-53,345	-12,556	-27,818	-22,105	-56,898	-299,659	467,185	7,958	7,891	6,776	8,916	6,977	24,003
Investing Activities
capital expenditure	-4,146	0	0	0	0	0	1,115	-480,068	0	-53,504	0	0	-502	-389,896
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,146	0	0	0	0	0	1,115	-480,068	0	-53,504	0	0	-502	-389,896
Financing Activities
Bank loans	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	0	0	0	0
Other Short Term Loans	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	-356,000	356,000
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	17,502	53,345	12,556	27,818	22,105	56,898	300,110	7,584	0	32,000	0	0	356,000	0
share issue	0	0	0	0	0	0	-7,000	0	0	0	0	0	0	26,649
interest	0	0	0	0	0	0	7	40	33	47	64	25	-11,555	0
cash flow from financing	17,502	53,345	12,556	27,818	22,105	56,898	293,117	7,624	33	32,047	64	25	-11,555	382,649
cash and cash equivalents
cash	0	0	0	0	0	0	-5,427	-5,259	7,992	-13,565	6,841	8,940	-5,080	5,558
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-5,427	-5,259	7,992	-13,565	6,841	8,940	-5,080	5,558

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RACING REACH MANAGEMENT COMPANY LIMITED group structure

Racing Reach Management Company Limited has no subsidiary companies.

Ultimate parent company

RACING REACH MANAGEMENT COMPANY LIMITED

02800050

RACING REACH MANAGEMENT COMPANY LIMITED Shareholders

david broughton

100%

Racing Reach Management Company Limited currently has 4 directors. The longest serving directors include Mr David Broughton (Apr 1994) and Mrs Julia Broughton (Jun 2008).

officer	country	age	start	end	role
Mr David Broughton	England	86 years	Apr 1994	-	Director
Mrs Julia Broughton	England	81 years	Jun 2008	-	Director
Mr Jonathan Broughton	England	59 years	Jul 2009	-	Director
Mr James Broughton	England	56 years	Jul 2009	-	Director

P&L

March 2023

turnover

137.6k

+43%

operating profit

-5k

gross margin

33.4%

+3.31%

turnover

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

Balance Sheet

March 2023

net assets

41.2k

-0.11%

total assets

959.3k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

02800050

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

March 1993

ultimate parent company

None

previous names

N/A

address

unit 29, the tangent business hub, mansfield, nottinghamshire, NG20 8RX

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.

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racing reach management company limited Company Information

racing reach management company limited Estimated Valuation

racing reach management company limited Estimated Valuation

racing reach management company limited Estimated Valuation

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