red and black racing limited

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red and black racing limited Company Information

Share RED AND BLACK RACING LIMITED

Company Number

05499860

Shareholders

nigel roger thompson

Group Structure

View All

Industry

Activities of sport clubs

 

Registered Address

breedon brand farm breedon lane, osgathorpe, leicestershire, LE12 9ST

red and black racing limited Estimated Valuation

£94.8k

Pomanda estimates the enterprise value of RED AND BLACK RACING LIMITED at £94.8k based on a Turnover of £84.5k and 1.12x industry multiple (adjusted for size and gross margin).

red and black racing limited Estimated Valuation

£56.4k

Pomanda estimates the enterprise value of RED AND BLACK RACING LIMITED at £56.4k based on an EBITDA of £18.1k and a 3.11x industry multiple (adjusted for size and gross margin).

red and black racing limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RED AND BLACK RACING LIMITED at £0 based on Net Assets of £-11.8k and 1.77x industry multiple (adjusted for liquidity).

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Red And Black Racing Limited Overview

Red And Black Racing Limited is a live company located in leicestershire, LE12 9ST with a Companies House number of 05499860. It operates in the activities of sport clubs sector, SIC Code 93120. Founded in July 2005, it's largest shareholder is nigel roger thompson with a 100% stake. Red And Black Racing Limited is a mature, micro sized company, Pomanda has estimated its turnover at £84.5k with declining growth in recent years.

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Red And Black Racing Limited Health Check

Pomanda's financial health check has awarded Red And Black Racing Limited a 3 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 Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £84.5k, make it smaller than the average company (£333.3k)

£84.5k - Red And Black Racing Limited

£333.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (9.5%)

-10% - Red And Black Racing Limited

9.5% - Industry AVG

production

Production

with a gross margin of 59.3%, this company has a comparable cost of product (59.3%)

59.3% - Red And Black Racing Limited

59.3% - Industry AVG

profitability

Profitability

an operating margin of 19.3% make it more profitable than the average company (0%)

19.3% - Red And Black Racing Limited

0% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (17)

1 - Red And Black Racing Limited

17 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)

£20.7k - Red And Black Racing Limited

£20.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £84.5k, this is more efficient (£50.6k)

£84.5k - Red And Black Racing Limited

£50.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Red And Black Racing Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (42 days)

11 days - Red And Black Racing Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 461 days, this is more than average (16 days)

461 days - Red And Black Racing Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (65 weeks)

0 weeks - Red And Black Racing Limited

65 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 119.9%, this is a higher level of debt than the average (39.4%)

119.9% - Red And Black Racing Limited

39.4% - Industry AVG

RED AND BLACK RACING LIMITED financials

EXPORTms excel logo

Red And Black Racing Limited's latest turnover from October 2023 is estimated at £84.5 thousand and the company has net assets of -£11.8 thousand. According to their latest financial statements, Red And Black Racing Limited has 1 employee and maintains cash reserves of £485 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jul 2009
Turnover84,519123,339580,135116,901111,275698,3831,257,084740,958926,439816,520628,137131,29386,511202,266
Other Income Or Grants
Cost Of Sales34,42147,247193,47040,73037,363235,504476,392296,491401,809380,912292,25464,02239,86091,359
Gross Profit50,09876,092386,66576,17173,912462,879780,692444,468524,630435,608335,88267,27046,651110,907
Admin Expenses33,75073,879376,17960,974106,216462,804786,942433,773518,491435,878322,73969,45559,287116,3455,333
Operating Profit16,3482,21310,48615,197-32,30475-6,25010,6956,139-27013,143-2,185-12,636-5,438-5,333
Interest Payable4044243101532,5322,5323334
Interest Receivable282584921111213211
Pre-Tax Profit15,9721,81410,18415,048-34,827-2,455-6,24910,6636,105-26913,144-2,184-12,615-5,406-5,322
Tax-3,993-345-1,935-2,859-2,132-1,221-3,023
Profit After Tax11,9791,4698,24912,189-34,827-2,455-6,2498,5304,884-26910,121-2,184-12,615-5,406-5,322
Dividends Paid
Retained Profit11,9791,4698,24912,189-34,827-2,455-6,2498,5304,884-26910,121-2,184-12,615-5,406-5,322
Employee Costs20,68769,390327,31366,43069,228318,736582,525333,603429,106352,837269,63770,01245,04990,288
Number Of Employees131433142716191512324
EBITDA*18,1484,96811,67416,526-31,533398-5,86611,1506,60424013,772-1,320-11,601-3,684-3,921

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jul 2009
Tangible Assets9,00210,80213,5577,4958,8241,7892,1122,4962,9512,7513,2614,6345,4996,3558,109
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets9,00210,80213,5577,4958,8241,7892,1122,4962,9512,7513,2614,6345,4996,3558,109
Stock & work in progress43,54843,54843,54844,54845,04843,86842,86835,16835,16830,69230,41225,41225,41228,23536,450
Trade Debtors30,00037,29646,29637,29642,73634,29621,0541,0391,5667,2455,912
Group Debtors
Misc Debtors6,2504,1964,1674,167
Cash4855778265,8562,324187294231216323348,3234,554
misc current assets
total current assets50,28348,32178,54154,57147,37281,35189,45872,69577,90464,98851,68226,77427,01243,80346,916
total assets59,28559,12392,09862,06656,19683,14091,57075,19180,85567,73954,94331,40832,51150,15855,025
Bank overdraft1,057
Bank loan
Trade Creditors 1,0802,0321,7798891,82490179977483,31470,24956,8358,5878,08660,247
Group/Directors Accounts60,74666,13698,91874,62185,87084,96562,91079,43547,16752,700
other short term finances1,0001,0001,00075,029
hp & lease commitments2,8792,6102,287
other current liabilities2,6995,1883,90815,05914,19415,01513,64310,280
total current liabilities68,40476,966107,89290,569101,88894,00599,98077,35291,54683,31470,24956,83555,75460,78660,247
loans2,1763,0093,9175,000
hp & lease commitments5112,9335,543
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities2,6875,9429,4605,000
total liabilities71,09182,908117,35295,569101,88894,00599,98077,35291,54683,31470,24956,83555,75460,78660,247
net assets-11,806-23,785-25,254-33,503-45,692-10,865-8,410-2,161-10,691-15,575-15,306-25,427-23,243-10,628-5,222
total shareholders funds-11,806-23,785-25,254-33,503-45,692-10,865-8,410-2,161-10,691-15,575-15,306-25,427-23,243-10,628-5,222
Oct 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jul 2009
Operating Activities
Operating Profit16,3482,21310,48615,197-32,30475-6,25010,6956,139-27013,143-2,185-12,636-5,438-5,333
Depreciation1,8002,7551,1881,3297713233844554655106298651,0351,7541,412
Amortisation
Tax-3,993-345-1,935-2,859-2,132-1,221-3,023
Stock-1,000-5001,1801,0007,7004,4762805,000-2,823-8,21536,450
Debtors2,054-29,97130,0004,167-37,296-9,0009,000-5,4408,44013,24220,015-527-5,6791,3335,912
Creditors-952253890-935923901-79925-82,54013,06513,41448,248501-52,16160,247
Accruals and Deferred Income-2,4891,280-11,15186514,194-15,0151,3723,36310,280
Deferred Taxes & Provisions
Cash flow from operations8,66036,127-29,5229,93019,700-5,716-21,99317,846-79,793-217-85247,455-2,598-48,96313,964
Investing Activities
capital expenditure-7,250-7,806-665744-179-9,521
Change in Investments
cash flow from investments-7,250-7,806-665744-179-9,521
Financing Activities
Bank loans
Group/Directors Accounts-5,390-32,78224,297-11,24985,870-84,96522,055-16,52579,435-47,167-5,53352,700
Other Short Term Loans 1,000-75,02975,029
Long term loans-833-908-1,0835,000
Hire Purchase and Lease Commitments-2,153-2,2877,830
other long term liabilities
share issue100
interest-376-399-302-149-2,523-2,5301-33-34111213211
cash flow from financing-8,752-36,37631,742-6,3988,318-12,46622,056-16,55879,40111-47,166-5,51252,732111
cash and cash equivalents
cash-92-249-5,0303,5322,137-10763231-216-107289-8,2893,7694,554
overdraft-1,0571,057
change in cash-92-249-5,0303,5322,137-107631,288-1,057-216-107289-8,2893,7694,554

red and black racing limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Red And Black Racing Limited Competitor Analysis

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Perform a competitor analysis for red and black racing limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in LE12 area or any other competitors across 12 key performance metrics.

red and black racing limited Ownership

RED AND BLACK RACING LIMITED group structure

Red And Black Racing Limited has no subsidiary companies.

Ultimate parent company

RED AND BLACK RACING LIMITED

05499860

RED AND BLACK RACING LIMITED Shareholders

nigel roger thompson 100%

red and black racing limited directors

Red And Black Racing Limited currently has 2 directors. The longest serving directors include Mr Nigel Thompson (Jul 2005) and Mrs Emma Thompson (Jul 2005).

officercountryagestartendrole
Mr Nigel ThompsonUnited Kingdom57 years Jul 2005- Director
Mrs Emma ThompsonEngland52 years Jul 2005- Director

P&L

October 2023

turnover

84.5k

-31%

operating profit

16.3k

0%

gross margin

59.3%

-3.92%

turnover

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

Balance Sheet

October 2023

net assets

-11.8k

-0.5%

total assets

59.3k

0%

cash

485

-0.16%

net assets

Total assets minus all liabilities

red and black racing limited company details

company number

05499860

Type

Private limited with Share Capital

industry

93120 - Activities of sport clubs

incorporation date

July 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

October 2023

previous names

brighter technology exports limited (March 2008)

accountant

PHILIP BARNES & CO LIMITED

auditor

-

address

breedon brand farm breedon lane, osgathorpe, leicestershire, LE12 9ST

Bank

-

Legal Advisor

-

red and black racing 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 did not find charges/mortgages relating to red and black racing limited.

red and black racing 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.

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red and black racing limited Companies House Filings - See Documents

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