Mendips Raceway Limited

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mendips raceway limited Company Information

Live

MatureMicroHigh

Company Number

04025257

Website

www.mendipsraceway.com

Registered Address

nylands, charlton horethorne, sherborne, dorset, DT9 4NG

Industry

Operation of sports facilities

Telephone

01963220028

Next Accounts Due

September 2025

Group Structure

View All

Directors

Patricia Bunter24 Years

Graham Bunter24 Years

View All

Shareholders

g.t. bunter 50%

p.r. bunter 50%

mendips raceway limited Estimated Valuation

£235.8k

Pomanda estimates the enterprise value of MENDIPS RACEWAY LIMITED at £235.8k based on a Turnover of £361.6k and 0.65x industry multiple (adjusted for size and gross margin).

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Mendips Raceway Limited is a live company located in sherborne, DT9 4NG with a Companies House number of 04025257. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in July 2000, it's largest shareholder is g.t. bunter with a 50% stake. Mendips Raceway Limited is a mature, micro sized company, Pomanda has estimated its turnover at £361.6k with high growth in recent years.

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Pomanda's financial health check has awarded Mendips Raceway Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £361.6k, make it smaller than the average company (£897.8k)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (8.3%)

EXPORT

Mendips Raceway Limited's latest turnover from December 2023 is estimated at £361.6 thousand and the company has net assets of £75.7 thousand. According to their latest financial statements, Mendips Raceway Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	361,577	486,098	316,004	230,052	239,576	182,488	142,562	12,368	13,859	34,524	20,315	25,391	19,936	19,716	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	250,136	330,520	233,217	160,927	161,882	121,065	95,280	7,990	9,008	23,031	13,921	17,589	13,837	13,331	0
Gross Profit	111,441	155,578	82,787	69,125	77,694	61,423	47,282	4,377	4,851	11,493	6,394	7,802	6,098	6,386	0
Admin Expenses	108,921	126,676	45,834	76,149	75,358	55,583	33,680	-3,241	-290	21,868	-10,275	16,465	2,563	5,395	-3,100
Operating Profit	2,520	28,902	36,953	-7,024	2,336	5,840	13,602	7,618	5,141	-10,375	16,669	-8,663	3,535	991	3,100
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	35	28	30	61	63	50	66	34	6
Pre-Tax Profit	2,520	28,902	36,953	-7,024	2,336	5,840	13,637	7,646	5,171	-10,314	16,732	-8,613	3,601	1,025	3,106
Tax	-630	-5,491	-7,021	0	-444	-1,110	-2,591	-1,529	-1,034	0	-3,848	0	-936	-287	-870
Profit After Tax	1,890	23,411	29,932	-7,024	1,892	4,730	11,046	6,117	4,137	-10,314	12,884	-8,613	2,665	738	2,236
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,890	23,411	29,932	-7,024	1,892	4,730	11,046	6,117	4,137	-10,314	12,884	-8,613	2,665	738	2,236
Employee Costs	60,781	56,397	52,476	52,962	52,956	52,196	34,157	16,893	17,458	17,826	18,041	17,554	17,297	18,233	0
Number Of Employees	3	3	3	3	3	3	2	1	1	1	1	1	1	1	0
EBITDA*	2,520	28,902	36,953	-7,024	2,336	5,840	13,602	11,252	9,128	-6,360	21,433	-3,104	7,548	4,766	7,012

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	32,674	17,461	23,315	17,680	23,121	20,707	15,301	15,370	18,206	20,046	24,061	28,209	25,342	26,405	28,583
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	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	32,674	17,461	23,315	17,680	23,121	20,707	15,301	15,370	18,206	20,046	24,061	28,209	25,342	26,405	28,583
Stock & work in progress	0	0	0	0	0	0	0	2,740	3,045	0	0	0	0	0	0
Trade Debtors	68,078	93,325	62,229	34,120	39,416	28,530	22,605	791	918	3,301	623	860	502	530	2,076
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,968	8,115	5,421	1,264	862	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	14,145	8,419	3,747	20,589	4,681	15,311	11,067	2,360
misc current assets	0	0	0	0	0	803	776	0	0	0	0	0	0	0	0
total current assets	79,046	101,440	67,650	35,384	40,278	29,333	23,381	17,676	12,382	7,048	21,212	5,541	15,813	11,597	4,436
total assets	111,720	118,901	90,965	53,064	63,399	50,040	38,682	33,046	30,588	27,094	45,273	33,750	41,155	38,002	33,019
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	32,908	42,122	38,139	30,220	33,288	21,961	15,036	0	0	5,193	32,314	35,419	32,598	32,100	27,904
Group/Directors Accounts	0	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	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	21,233	24,494	0	0	0	0	0	0
total current liabilities	32,908	42,122	38,139	30,220	33,288	21,961	15,036	21,233	24,494	5,193	32,314	35,419	32,598	32,100	27,904
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	3,085	2,942	2,400	2,350	2,593	2,453	2,750	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	19,764	0	0	0	0	0
provisions	0	0	0	0	0	0	0	1,863	2,261	2,441	2,949	1,205	2,818	2,828	2,779
total long term liabilities	3,085	2,942	2,400	2,350	2,593	2,453	2,750	1,863	2,261	22,205	2,949	1,205	2,818	2,828	2,779
total liabilities	35,993	45,064	40,539	32,570	35,881	24,414	17,786	23,096	26,755	27,398	35,263	36,624	35,416	34,928	30,683
net assets	75,727	73,837	50,426	20,494	27,518	25,626	20,896	9,950	3,833	-304	10,010	-2,874	5,739	3,074	2,336
total shareholders funds	75,727	73,837	50,426	20,494	27,518	25,626	20,896	9,950	3,833	-304	10,010	-2,874	5,739	3,074	2,336

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	2,520	28,902	36,953	-7,024	2,336	5,840	13,602	7,618	5,141	-10,375	16,669	-8,663	3,535	991	3,100
Depreciation	0	0	0	0	0	0	0	3,634	3,987	4,015	4,764	5,559	4,013	3,775	3,912
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-630	-5,491	-7,021	0	-444	-1,110	-2,591	-1,529	-1,034	0	-3,848	0	-936	-287	-870
Stock	0	0	0	0	0	0	-2,740	-305	3,045	0	0	0	0	0	0
Debtors	-22,394	33,790	32,266	-4,894	11,748	5,925	21,814	-127	-2,383	2,678	-237	358	-28	-1,546	2,076
Creditors	-9,214	3,983	7,919	-3,068	11,327	6,925	15,036	0	-5,193	-27,121	-3,105	2,821	498	4,196	27,904
Accruals and Deferred Income	143	542	50	-243	140	-297	-18,483	-3,261	24,494	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-1,863	-398	-180	-508	1,744	-1,613	-10	49	2,779
Cash flow from operations	15,213	-5,854	5,635	-5,441	1,611	5,433	-13,373	6,496	26,553	-36,667	16,461	-2,254	7,128	10,270	34,749
Investing Activities
capital expenditure	-15,213	5,854	-5,635	5,441	-2,414	-5,406	69	-798	-2,147	0	-616	-8,426	-2,950	-1,597	-32,495
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,213	5,854	-5,635	5,441	-2,414	-5,406	69	-798	-2,147	0	-616	-8,426	-2,950	-1,597	-32,495
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	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	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-19,764	19,764	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	35	28	30	61	63	50	66	34	6
cash flow from financing	0	0	0	0	0	0	-65	28	-19,734	19,825	63	50	66	34	106
cash and cash equivalents
cash	0	0	0	0	0	0	-14,145	5,726	4,672	-16,842	15,908	-10,630	4,244	8,707	2,360
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-14,145	5,726	4,672	-16,842	15,908	-10,630	4,244	8,707	2,360

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MENDIPS RACEWAY LIMITED group structure

Mendips Raceway Limited has no subsidiary companies.

Ultimate parent company

MENDIPS RACEWAY LIMITED

04025257

MENDIPS RACEWAY LIMITED Shareholders

g.t. bunter	50%
p.r. bunter	50%

Mendips Raceway Limited currently has 3 directors. The longest serving directors include Ms Patricia Bunter (Jul 2000) and Mr Graham Bunter (Jul 2000).

officer	country	age	start	end	role
Ms Patricia Bunter		70 years	Jul 2000	-	Director
Mr Graham Bunter		74 years	Jul 2000	-	Director
Mr Jack Bunter	United Kingdom	27 years	Apr 2018	-	Director

P&L

December 2023

turnover

361.6k

-26%

operating profit

2.5k

gross margin

30.9%

-3.7%

turnover

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

Balance Sheet

December 2023

net assets

75.7k

+0.03%

total assets

111.7k

-0.06%

cash

net assets

Total assets minus all liabilities

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company number

04025257

Type

Private limited with Share Capital

industry

93110 - Operation of sports facilities

incorporation date

July 2000

ultimate parent company

None

previous names

N/A

address

nylands, charlton horethorne, sherborne, dorset, DT9 4NG

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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mendips raceway limited Company Information

mendips raceway limited Estimated Valuation

mendips raceway limited Estimated Valuation

mendips raceway limited Estimated Valuation

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MENDIPS RACEWAY LIMITED financials

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