racecorp limited
racecorp limited Company Information
Company Number
04087247
Next Accounts
Jul 2025
Shareholders
eco investment & leisure group ltd
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1Registered Address
unit 1, 40-48 bromells road, london, SW4 0BG
Website
http://ecorestaurants.comracecorp limited Estimated Valuation
Pomanda estimates the enterprise value of RACECORP LIMITED at £1.1m based on a Turnover of £365.4k and 3.13x industry multiple (adjusted for size and gross margin).
racecorp limited Estimated Valuation
Pomanda estimates the enterprise value of RACECORP LIMITED at £1.3m based on an EBITDA of £201k and a 6.44x industry multiple (adjusted for size and gross margin).
racecorp limited Estimated Valuation
Pomanda estimates the enterprise value of RACECORP LIMITED at £5.8m based on Net Assets of £3.4m and 1.68x industry multiple (adjusted for liquidity).
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Racecorp Limited Overview
Racecorp Limited is a live company located in london, SW4 0BG with a Companies House number of 04087247. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 2000, it's largest shareholder is eco investment & leisure group ltd with a 100% stake. Racecorp Limited is a mature, micro sized company, Pomanda has estimated its turnover at £365.4k with declining growth in recent years.
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Racecorp Limited Health Check
Pomanda's financial health check has awarded Racecorp Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £365.4k, make it smaller than the average company (£845k)
- Racecorp Limited
£845k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.7%)
- Racecorp Limited
2.7% - Industry AVG
Production
with a gross margin of 70.9%, this company has a comparable cost of product (70.9%)
- Racecorp Limited
70.9% - Industry AVG
Profitability
an operating margin of 51.7% make it more profitable than the average company (25.8%)
- Racecorp Limited
25.8% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Racecorp Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has an equivalent pay structure (£33.3k)
- Racecorp Limited
£33.3k - Industry AVG
Efficiency
resulting in sales per employee of £91.4k, this is less efficient (£181.5k)
- Racecorp Limited
£181.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Racecorp Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (34 days)
- Racecorp Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Racecorp Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Racecorp Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.1%, this is a lower level of debt than the average (66.3%)
59.1% - Racecorp Limited
66.3% - Industry AVG
RACECORP LIMITED financials
Racecorp Limited's latest turnover from October 2023 is estimated at £365.4 thousand and the company has net assets of £3.4 million. According to their latest financial statements, Racecorp Limited has 4 employees and maintains cash reserves of £3.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 36,580 | 48,772 | 65,030 | 86,706 | 115,607 | 3,077,103 | 3,103,173 | 3,205,752 | 2,857,350 | 1,834,454 | 1,626,635 | 1,658,040 | 1,691,766 | 1,728,595 | 1,769,560 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 8,246,976 | 6,250,000 | 6,250,000 | 6,250,000 | 3,283,049 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 8,283,556 | 6,298,772 | 6,315,030 | 6,336,706 | 3,398,656 | 3,077,103 | 3,103,173 | 3,205,752 | 2,857,350 | 1,834,454 | 1,626,635 | 1,658,040 | 1,691,766 | 1,728,595 | 1,769,560 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,042 | 2,100 | 3,144 | 2,720 | 3,942 | 20,626 | 3,126 | ||||||||
| Group Debtors | 73,850 | 75,350 | 93,850 | 76,150 | 56,250 | 12,200 | 10,000 | ||||||||
| Misc Debtors | 21,812 | 23,000 | 6,116 | 9,500 | 6,500 | ||||||||||
| Cash | 3,746 | 106,203 | 25,443 | 31,081 | 14,942 | 24,070 | 26,566 | 21,672 | 117,162 | 24,424 | 11,352 | 19,741 | 35,640 | 19,512 | 28,024 |
| misc current assets | 1,365 | 464 | 3,427 | ||||||||||||
| total current assets | 100,773 | 205,017 | 119,293 | 113,347 | 74,619 | 45,770 | 43,066 | 21,672 | 122,204 | 26,524 | 14,496 | 22,461 | 39,582 | 40,138 | 31,150 |
| total assets | 8,384,329 | 6,503,789 | 6,434,323 | 6,450,053 | 3,473,275 | 3,122,873 | 3,146,239 | 3,227,424 | 2,979,554 | 1,860,978 | 1,641,131 | 1,680,501 | 1,731,348 | 1,768,733 | 1,800,710 |
| Bank overdraft | 1,128 | 28,456 | 367,181 | 384,334 | 392,350 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 658 | 8,044 | 10,981 | 14,740 | 5,728 | 4,035 | 739 | 25,261 | 569,269 | 396,644 | 182,289 | 176,556 | 183,450 | 169,821 | 204,402 |
| Group/Directors Accounts | 726,604 | 595,707 | 447,375 | 492,651 | 535,965 | 43,305 | 38,225 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 5,448 | 19,089 | 20,156 | 26,592 | 25,468 | 29,059 | 25,199 | 11,193 | |||||||
| total current liabilities | 732,710 | 622,840 | 478,512 | 535,111 | 595,617 | 443,580 | 410,272 | 467,029 | 569,269 | 396,644 | 182,289 | 176,556 | 183,450 | 169,821 | 204,402 |
| loans | 3,814,704 | 2,627,133 | 2,645,687 | 2,673,161 | 2,666,700 | 2,849,205 | 2,920,152 | 2,926,764 | |||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 13,793 | 10 | 17,104 | 2,432,298 | 1,411,924 | 1,453,754 | 1,534,622 | 1,595,974 | 1,656,365 | 1,649,357 | |||||
| provisions | 394,055 | 394,055 | 394,055 | 394,055 | |||||||||||
| total long term liabilities | 4,222,552 | 3,021,198 | 3,056,846 | 3,067,216 | 2,666,700 | 2,849,205 | 2,920,152 | 2,926,764 | 2,432,298 | 1,411,924 | 1,453,754 | 1,534,622 | 1,595,974 | 1,656,365 | 1,649,357 |
| total liabilities | 4,955,262 | 3,644,038 | 3,535,358 | 3,602,327 | 3,262,317 | 3,292,785 | 3,330,424 | 3,393,793 | 3,001,567 | 1,808,568 | 1,636,043 | 1,711,178 | 1,779,424 | 1,826,186 | 1,853,759 |
| net assets | 3,429,067 | 2,859,751 | 2,898,965 | 2,847,726 | 210,958 | -169,912 | -184,185 | -166,369 | -22,013 | 52,410 | 5,088 | -30,677 | -48,076 | -57,453 | -53,049 |
| total shareholders funds | 3,429,067 | 2,859,751 | 2,898,965 | 2,847,726 | 210,958 | -169,912 | -184,185 | -166,369 | -22,013 | 52,410 | 5,088 | -30,677 | -48,076 | -57,453 | -53,049 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 12,192 | 16,258 | 21,676 | 28,901 | 62,962 | 75,807 | 43,113 | 116,068 | 29,281 | 29,657 | 31,405 | 33,726 | 36,829 | 40,965 | 40,744 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -2,688 | 4,500 | 11,584 | 26,016 | 34,550 | 5,200 | 16,500 | -5,042 | 2,942 | -1,044 | 424 | -1,222 | -16,684 | 17,500 | 3,126 |
| Creditors | -7,386 | -2,937 | -3,759 | 9,012 | 1,693 | 3,296 | -24,522 | -544,008 | 172,625 | 214,355 | 5,733 | -6,894 | 13,629 | -34,581 | 204,402 |
| Accruals and Deferred Income | -13,641 | -1,067 | -6,436 | 1,124 | -3,591 | 3,860 | 14,006 | 11,193 | |||||||
| Deferred Taxes & Provisions | 394,055 | ||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,996,976 | 2,966,951 | 3,283,049 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 130,897 | 148,332 | -45,276 | -43,314 | 492,660 | 43,305 | -38,225 | 38,225 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 1,187,571 | -18,554 | -27,474 | 6,461 | -182,505 | -70,947 | -6,612 | 2,926,764 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 13,783 | -17,094 | 17,104 | -2,432,298 | 1,020,374 | -41,830 | -80,868 | -61,352 | -60,391 | 7,008 | 1,649,357 | ||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -102,457 | 80,760 | -5,638 | 16,139 | -9,128 | -2,496 | 4,894 | -95,490 | 92,738 | 13,072 | -8,389 | -15,899 | 16,128 | -8,512 | 28,024 |
| overdraft | -1,128 | -27,328 | -338,725 | -17,153 | -8,016 | 392,350 | |||||||||
| change in cash | -102,457 | 80,760 | -4,510 | 43,467 | 329,597 | 14,657 | 12,910 | -487,840 | 92,738 | 13,072 | -8,389 | -15,899 | 16,128 | -8,512 | 28,024 |
racecorp limited Credit Report and Business Information
Racecorp Limited Competitor Analysis
Perform a competitor analysis for racecorp limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in SW4 area or any other competitors across 12 key performance metrics.
racecorp limited Ownership
RACECORP LIMITED group structure
Racecorp Limited has no subsidiary companies.
Ultimate parent company
1 parent
RACECORP LIMITED
04087247
racecorp limited directors
Racecorp Limited currently has 3 directors. The longest serving directors include Mr Sami Wasif (May 2001) and Ms Charmaine Wasif (Oct 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sami Wasif | 78 years | May 2001 | - | Director | |
| Ms Charmaine Wasif | England | 45 years | Oct 2011 | - | Director |
| Ms Heidi Wasif | England | 46 years | Oct 2011 | - | Director |
P&L
October 2023turnover
365.4k
+3%
operating profit
188.8k
0%
gross margin
71%
+1.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
3.4m
+0.2%
total assets
8.4m
+0.29%
cash
3.7k
-0.96%
net assets
Total assets minus all liabilities
racecorp limited company details
company number
04087247
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.
68100 - Buying and selling of own real estate
incorporation date
October 2000
age
25
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
unit 1, 40-48 bromells road, london, SW4 0BG
Bank
-
Legal Advisor
-
racecorp limited Charges & Mortgages
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 14 charges/mortgages relating to racecorp limited. Currently there are 5 open charges and 9 have been satisfied in the past.
racecorp limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for RACECORP LIMITED. This can take several minutes, an email will notify you when this has completed.
racecorp limited Companies House Filings - See Documents
| date | description | view/download |
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