Shift Motorsport Limited

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shift motorsport limited Company Information

Live

MatureMicroDeclining

Company Number

03912052

Website

www.mme-motorsport.com

Registered Address

15 high street, brackley, northamptonshire, NN13 7DH

Industry

Activities of sport clubs

Other sports activities (not including activities of racehorse owners) n.e.c.

Telephone

01977647277

Next Accounts Due

December 2025

Group Structure

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Directors

Stuart King24 Years

Shareholders

stuart robert king 55%

emily king 45%

shift motorsport limited Estimated Valuation

£274.8k

Pomanda estimates the enterprise value of SHIFT MOTORSPORT LIMITED at £274.8k based on Net Assets of £159k and 1.73x industry multiple (adjusted for liquidity).

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Shift Motorsport Limited is a live company located in northamptonshire, NN13 7DH with a Companies House number of 03912052. It operates in the other sports activities sector, SIC Code 93199. Founded in January 2000, it's largest shareholder is stuart robert king with a 55% stake. Shift Motorsport Limited is a mature, micro sized company, Pomanda has estimated its turnover at £304.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Shift Motorsport Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £304.8k, make it smaller than the average company (£481.9k)

Growth

3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (11.6%)

EXPORT

Shift Motorsport Limited's latest turnover from March 2024 is estimated at £304.8 thousand and the company has net assets of £159 thousand. According to their latest financial statements, Shift Motorsport Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	304,769	535,131	680,655	877,880	883,739	625,134	0	85,440	0	54,693	20,616	44,817	53,658	45,665	36,145
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	241,710	410,217	522,158	689,582	652,986	483,623	0	61,841	0	39,950	15,225	33,995	41,929	35,271	26,023
Gross Profit	63,060	124,915	158,496	188,297	230,753	141,511	0	23,599	0	14,743	5,391	10,822	11,729	10,394	10,122
Admin Expenses	11,109	127,179	201,986	189,941	179,923	108,634	-19,146	482	-35,198	-13,113	-2,349	4,216	15,604	6,869	5,371
Operating Profit	51,951	-2,264	-43,490	-1,644	50,830	32,877	19,146	23,117	35,198	27,856	7,740	6,606	-3,875	3,525	4,751
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	499	503	193	363	210	130	80	29	24	9
Pre-Tax Profit	51,951	-2,264	-43,490	-1,644	50,830	33,377	19,649	23,310	35,561	28,066	7,870	6,686	-3,846	3,549	4,760
Tax	-12,988	0	0	0	-9,658	-6,342	-3,733	-4,429	-7,112	-5,613	-1,653	-1,538	0	-923	-1,333
Profit After Tax	38,963	-2,264	-43,490	-1,644	41,172	27,035	15,916	18,881	28,449	22,453	6,217	5,148	-3,846	2,626	3,427
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	38,963	-2,264	-43,490	-1,644	41,172	27,035	15,916	18,881	28,449	22,453	6,217	5,148	-3,846	2,626	3,427
Employee Costs	72,712	68,450	69,577	65,157	64,203	47,456	0	67,386	0	26,000	25,164	25,855	25,532	24,847	23,657
Number Of Employees	3	3	3	3	3	2	0	3	0	1	1	1	1	1	1
EBITDA*	51,951	-2,264	-43,490	-1,644	50,830	32,877	25,386	34,417	36,858	29,406	8,790	7,156	-3,365	9,945	7,231

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	220,669	89,365	56,084	83,629	33,534	32,911	36,133	95,571	8,952	4,560	6,110	1,796	2,263	53,837	42,317
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	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	220,669	89,365	56,084	83,629	33,534	32,911	36,133	95,571	8,952	4,560	6,110	1,796	2,263	53,837	42,317
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	65,172	142,903	181,097	211,445	206,834	164,107	0	0	0	0	799	0	6,000	0	4,000
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	566	0	0	607	0	0	5,978	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	133,155	68,130	86,530	58,630	25,450	26,351	5,664	5,989	3,453
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	65,738	142,903	181,097	212,052	206,834	164,107	139,133	68,130	86,530	58,630	26,249	26,351	11,664	5,989	7,453
total assets	286,407	232,268	237,181	295,681	240,368	197,018	175,266	163,701	95,482	63,190	32,359	28,147	13,927	59,826	49,770
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	71,871	64,564	43,250	48,792	72,890	70,710	0	0	0	27,163	18,785	20,790	11,718	22,072	11,042
Group/Directors Accounts	0	0	0	0	0	0	15,833	9,952	8,125	0	0	0	0	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	31,518	26,734	22,881	0	0	0	0	0	0
total current liabilities	71,871	64,564	43,250	48,792	72,890	70,710	47,351	36,686	31,006	27,163	18,785	20,790	11,718	22,072	11,042
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	28,642	43,658	0	0	0	0	0	0	0
Accruals and Deferred Income	21,037	1,863	1,703	1,293	0	0	0	0	0	0	0	0	0	0	0
other liabilities	34,456	45,761	69,884	79,762	0	0	0	0	0	0	0	0	0	31,699	35,299
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	55,493	47,624	71,587	81,055	0	0	28,642	43,658	0	0	0	0	0	31,699	35,299
total liabilities	127,364	112,188	114,837	129,847	72,890	70,710	75,993	80,344	31,006	27,163	18,785	20,790	11,718	53,771	46,341
net assets	159,043	120,080	122,344	165,834	167,478	126,308	99,273	83,357	64,476	36,027	13,574	7,357	2,209	6,055	3,429
total shareholders funds	159,043	120,080	122,344	165,834	167,478	126,308	99,273	83,357	64,476	36,027	13,574	7,357	2,209	6,055	3,429

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	51,951	-2,264	-43,490	-1,644	50,830	32,877	19,146	23,117	35,198	27,856	7,740	6,606	-3,875	3,525	4,751
Depreciation	0	0	0	0	0	0	6,240	11,300	1,660	1,550	1,050	550	510	6,420	2,480
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-12,988	0	0	0	-9,658	-6,342	-3,733	-4,429	-7,112	-5,613	-1,653	-1,538	0	-923	-1,333
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-77,165	-38,194	-30,955	5,218	42,727	158,129	5,978	0	0	-799	799	-6,000	6,000	-4,000	4,000
Creditors	7,307	21,314	-5,542	-24,098	2,180	70,710	0	0	-27,163	8,378	-2,005	9,072	-10,354	11,030	11,042
Accruals and Deferred Income	19,174	160	410	1,293	0	-31,518	4,784	3,853	22,881	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	142,609	57,404	-17,667	-29,667	625	-92,402	20,459	33,841	25,464	32,970	4,333	20,690	-19,719	24,052	12,940
Investing Activities
capital expenditure	-131,304	-33,281	27,545	-50,095	-623	3,222	53,198	-97,919	-6,052	0	-5,364	-83	51,064	-17,940	-44,797
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-131,304	-33,281	27,545	-50,095	-623	3,222	53,198	-97,919	-6,052	0	-5,364	-83	51,064	-17,940	-44,797
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	-15,833	5,881	1,827	8,125	0	0	0	0	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	-28,642	-15,016	43,658	0	0	0	0	0	0	0
other long term liabilities	-11,305	-24,123	-9,878	79,762	0	0	0	0	0	0	0	0	-31,699	-3,600	35,299
share issue	0	0	0	0	-2	0	0	0	0	0	0	0	0	0	2
interest	0	0	0	0	0	499	503	193	363	210	130	80	29	24	9
cash flow from financing	-11,305	-24,123	-9,878	79,762	-2	-43,976	-8,632	45,678	8,488	210	130	80	-31,670	-3,576	35,310
cash and cash equivalents
cash	0	0	0	0	0	-133,155	65,025	-18,400	27,900	33,180	-901	20,687	-325	2,536	3,453
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-133,155	65,025	-18,400	27,900	33,180	-901	20,687	-325	2,536	3,453

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for shift motorsport limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in NN13 area or any other competitors across 12 key performance metrics.

SHIFT MOTORSPORT LIMITED group structure

Shift Motorsport Limited has no subsidiary companies.

Ultimate parent company

SHIFT MOTORSPORT LIMITED

03912052

SHIFT MOTORSPORT LIMITED Shareholders

stuart robert king	55%
emily king	45%

Shift Motorsport Limited currently has 1 director, Mr Stuart King serving since Jan 2000.

officer	country	age	start	end	role
Mr Stuart King	England	47 years	Jan 2000	-	Director

P&L

March 2024

turnover

304.8k

-43%

operating profit

52k

gross margin

20.7%

-11.36%

turnover

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

Balance Sheet

March 2024

net assets

159k

+0.32%

total assets

286.4k

+0.23%

cash

net assets

Total assets minus all liabilities

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company number

03912052

Type

Private limited with Share Capital

industry

93120 - Activities of sport clubs

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

January 2000

ultimate parent company

None

previous names

N/A

address

15 high street, brackley, northamptonshire, NN13 7DH

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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shift motorsport limited Company Information

shift motorsport limited Estimated Valuation

shift motorsport limited Estimated Valuation

shift motorsport limited Estimated Valuation

Shift Motorsport Limited Overview

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SHIFT MOTORSPORT LIMITED financials

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