Ballracing Developments Ltd

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ballracing developments ltd Company Information

Dissolved

Company Number

02896515

Next Accounts

Dec 2024

Industry

Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

Directors

Timothy Ball

Holly Ball

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Shareholders

mr roger graham ball

brd holdings ltd

Group Structure

View All

Contact

Registered Address

arundel house 1 amberley court, whitworth road, crawley, RH11 7XL

Website

brdsim.com

ballracing developments ltd Estimated Valuation

£606.3k

Pomanda estimates the enterprise value of BALLRACING DEVELOPMENTS LTD at £606.3k based on a Turnover of £622k and 0.97x industry multiple (adjusted for size and gross margin).

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Ballracing Developments Ltd is a dissolved company that was located in crawley, RH11 7XL with a Companies House number of 02896515. It operated in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in February 1994, it's largest shareholder was mr roger graham ball with a 99.9% stake. The last turnover for Ballracing Developments Ltd was estimated at £622k.

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Pomanda's financial health check has awarded Ballracing Developments Ltd 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

2 Regular

7 Weak

Size

annual sales of £622k, make it smaller than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (4.5%)

EXPORT

Ballracing Developments Ltd's latest turnover from September 2018 is estimated at £622 thousand and the company has net assets of -£98.5 thousand. According to their latest financial statements, Ballracing Developments Ltd has 6 employees and maintains cash reserves of £158 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	622,042	639,266	141,175	201,695	146,716	337,149	461,997	1,593,110	1,682,758	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	350,160	363,046	81,187	113,314	86,381	198,119	272,200	933,556	1,013,674	0
Gross Profit	271,882	276,221	59,988	88,380	60,335	139,031	189,798	659,554	669,084	0
Admin Expenses	460,637	97,586	153,040	42,451	137,209	197,647	126,472	1,045,413	199,254	289,658
Operating Profit	-188,755	178,635	-93,052	45,929	-76,874	-58,616	63,326	-385,859	469,830	-289,658
Interest Payable	226	888	678	0	0	0	0	0	0	0
Interest Receivable	593	0	0	0	1	90	89	0	0	0
Pre-Tax Profit	-188,389	177,747	-93,730	45,929	-76,873	-58,526	63,416	-385,859	469,831	-289,658
Tax	0	-33,772	0	-9,186	0	0	-15,220	0	-131,553	0
Profit After Tax	-188,389	143,975	-93,730	36,743	-76,873	-58,526	48,196	-385,859	338,278	-289,658
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-188,389	143,975	-93,730	36,743	-76,873	-58,526	48,196	-385,859	338,278	-289,658
Employee Costs	276,265	313,013	83,703	83,951	81,985	117,871	116,724	412,319	475,913	0
Number Of Employees	6	7	2	2	2	3	3	11	13	0
EBITDA*	-182,980	185,473	-85,022	58,165	-66,738	-46,705	82,356	-356,752	514,099	-261,571

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	40,678	46,453	53,549	71,712	40,560	50,696	70,264	161,085	327,257	166,355
Intangible Assets	0	0	0	0	0	0	0	0	0	98,907
Investments & Other	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
Total Fixed Assets	40,678	46,453	53,549	71,712	40,560	50,696	70,264	161,085	327,257	265,262
Stock & work in progress	112,871	34,233	22,937	16,585	15,932	29,994	31,058	37,487	96,407	280,244
Trade Debtors	0	108,537	0	28,408	15,188	68,197	94,434	310,159	369,065	325,911
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	31,002	5,891	7,332	0	0	0	0	0	0	0
Cash	158,012	0	0	8	5	400	35,649	138	13	87
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	301,885	148,661	30,269	45,001	31,125	98,591	161,141	347,784	465,485	606,242
total assets	342,563	195,114	83,818	116,713	71,685	149,287	231,405	508,869	792,742	871,504
Bank overdraft	0	6,701	21,709	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	57,251	14,718	43,697	74,199	68,772	69,501	93,093	418,753	295,536	733,807
Group/Directors Accounts	46,414	66,147	42,147	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	419	2,433	0	0	0	0	0	0	0
other current liabilities	337,386	17,228	27,487	0	0	0	0	0	0	0
total current liabilities	441,051	105,213	137,473	74,199	68,772	69,501	93,093	418,753	295,536	733,807
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	419	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	2,858	0	0	0	0	2,009	0
provisions	0	0	0	0	0	0	0	0	19,222	0
total long term liabilities	0	0	419	2,858	0	0	0	0	21,231	0
total liabilities	441,051	105,213	137,892	77,057	68,772	69,501	93,093	418,753	316,767	733,807
net assets	-98,488	89,901	-54,074	39,656	2,913	79,786	138,312	90,116	475,975	137,697
total shareholders funds	-98,488	89,901	-54,074	39,656	2,913	79,786	138,312	90,116	475,975	137,697

	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-188,755	178,635	-93,052	45,929	-76,874	-58,616	63,326	-385,859	469,830	-289,658
Depreciation	5,775	6,838	8,030	12,236	10,136	11,911	19,030	29,107	41,304	25,149
Amortisation	0	0	0	0	0	0	0	0	2,965	2,938
Tax	0	-33,772	0	-9,186	0	0	-15,220	0	-131,553	0
Stock	78,638	11,296	6,352	653	-14,062	-1,064	-6,429	-58,920	-183,837	280,244
Debtors	-83,426	107,096	-21,076	13,220	-53,009	-26,237	-215,725	-58,906	43,154	325,911
Creditors	42,533	-28,979	-30,502	5,427	-729	-23,592	-325,660	123,217	-438,271	733,807
Accruals and Deferred Income	320,158	-10,259	27,487	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-19,222	19,222	0
Cash flow from operations	184,499	-5,929	-73,313	40,533	-396	-42,996	-36,370	-134,931	104,180	-133,919
Investing Activities
capital expenditure	0	258	10,133	-43,388	0	7,657	71,791	137,065	-106,264	-293,349
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	258	10,133	-43,388	0	7,657	71,791	137,065	-106,264	-293,349
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-19,733	24,000	42,147	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-419	-2,433	2,852	0	0	0	0	0	0	0
other long term liabilities	0	0	-2,858	2,858	0	0	0	-2,009	2,009	0
share issue	0	0	0	0	0	0	0	0	0	427,355
interest	367	-888	-678	0	1	90	89	0	0	0
cash flow from financing	-19,785	20,679	41,463	2,858	1	90	89	-2,009	2,009	427,355
cash and cash equivalents
cash	158,012	0	-8	3	-395	-35,249	35,511	125	-74	87
overdraft	-6,701	-15,008	21,709	0	0	0	0	0	0	0
change in cash	164,713	15,008	-21,717	3	-395	-35,249	35,511	125	-74	87

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BALLRACING DEVELOPMENTS LTD group structure

Ballracing Developments Ltd has no subsidiary companies.

Ultimate parent company

LIV2RACE LTD

05986231

1 parent

BALLRACING DEVELOPMENTS LTD

02896515

BALLRACING DEVELOPMENTS LTD Shareholders

mr roger graham ball	99.92%
brd holdings ltd	0.08%

Ballracing Developments Ltd currently has 3 directors. The longest serving directors include Mr Timothy Ball (Mar 2010) and Mrs Holly Ball (Apr 2014).

officer	country	age	start	end	role
Mr Timothy Ball		53 years	Mar 2010	-	Director
Mrs Holly Ball	England	46 years	Apr 2014	-	Director
Mr Gottfried Hetzer	England	66 years	Apr 2014	-	Director

P&L

September 2018

turnover

622k

-3%

operating profit

-188.8k

gross margin

43.8%

+1.15%

turnover

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

Balance Sheet

September 2018

net assets

-98.5k

-2.1%

total assets

342.6k

+0.76%

cash

158k

net assets

Total assets minus all liabilities

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company number

02896515

Type

Private limited with Share Capital

industry

26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

incorporation date

February 1994

ultimate parent company

LIV2RACE LTD

previous names

N/A

address

arundel house 1 amberley court, whitworth road, crawley, RH11 7XL

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 2 charges/mortgages relating to ballracing developments ltd. Currently there are 0 open charges and 2 have been satisfied in the past.

ballracing developments ltd Company Information

ballracing developments ltd Estimated Valuation

ballracing developments ltd Estimated Valuation

ballracing developments ltd Estimated Valuation

Ballracing Developments Ltd Overview

Ballracing Developments Ltd Health Check

BALLRACING DEVELOPMENTS LTD financials

ballracing developments ltd Credit Report and Business Information

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ballracing developments ltd Ownership

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