Racetech Tvr Limited

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racetech tvr limited Company Information

Live

EstablishedMicroHealthy

Company Number

05576501

Website

www.racetechdirect.co.uk

Registered Address

conway farm satwell, henley on thames, oxfordshire, RG9 4QZ

Industry

Retail trade of motor vehicle parts and accessories

Telephone

01491629219

Next Accounts Due

December 2024

Group Structure

View All

Directors

Harry Conway19 Years

Shareholders

harry frederick conway 100%

racetech tvr limited Estimated Valuation

£108.6k

Pomanda estimates the enterprise value of RACETECH TVR LIMITED at £108.6k based on a Turnover of £469.5k and 0.23x industry multiple (adjusted for size and gross margin).

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Racetech Tvr Limited is a live company located in oxfordshire, RG9 4QZ with a Companies House number of 05576501. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in September 2005, it's largest shareholder is harry frederick conway with a 100% stake. Racetech Tvr Limited is a established, micro sized company, Pomanda has estimated its turnover at £469.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Racetech Tvr Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £469.5k, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.9%)

EXPORT

Racetech Tvr Limited's latest turnover from March 2023 is estimated at £469.5 thousand and the company has net assets of -£109.4 thousand. According to their latest financial statements, Racetech Tvr Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	469,507	570,662	589,438	386,194	579,743	628,581	655,692	252,977	217,854	202,095	168,898	139,377	78,552	76,255
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	393,055	463,589	483,647	310,804	455,483	501,228	524,963	207,056	177,756	172,953	133,321	109,556	61,478	59,476
Gross Profit	76,452	107,073	105,791	75,390	124,260	127,353	130,728	45,921	40,098	29,142	35,577	29,821	17,074	16,779
Admin Expenses	189,427	106,678	103,529	75,192	126,025	131,732	152,119	66,361	17,698	-4,065	28,326	29,652	13,096	19,620
Operating Profit	-112,975	395	2,262	198	-1,765	-4,379	-21,391	-20,440	22,400	33,207	7,251	169	3,978	-2,841
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	18	90	84	55	38	38	35	10
Pre-Tax Profit	-112,975	395	2,262	198	-1,765	-4,379	-21,373	-20,350	22,484	33,261	7,289	207	4,013	-2,831
Tax	0	-75	-430	-38	0	0	0	0	-4,722	-7,650	-1,749	-54	-1,123	0
Profit After Tax	-112,975	320	1,832	160	-1,765	-4,379	-21,373	-20,350	17,762	25,611	5,540	153	2,889	-2,831
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-112,975	320	1,832	160	-1,765	-4,379	-21,373	-20,350	17,762	25,611	5,540	153	2,889	-2,831
Employee Costs	164,757	131,659	75,082	80,906	78,125	74,037	70,212	48,996	24,706	24,749	23,331	23,152	23,338	22,715
Number Of Employees	6	5	3	3	3	3	3	2	1	1	1	1	1	1
EBITDA*	-112,975	395	2,262	198	-1,765	-4,379	-21,391	-19,318	23,778	34,375	8,433	1,731	5,258	-2,417

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	7,669	3,563	4,355	3,059	2,799	3,543	4,488	4,071	4,950	3,524	4,237	4,920	3,837	1,274
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	7,669	3,563	4,355	3,059	2,799	3,543	4,488	4,071	4,950	3,524	4,237	4,920	3,837	1,274
Stock & work in progress	0	0	0	0	0	0	0	144,004	125,976	109,722	85,061	72,484	39,022	35,088
Trade Debtors	60,548	172,099	203,876	113,469	148,670	165,004	164,500	5,148	5,991	6,922	4,550	5,434	74	433
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	14,130	21,768	11,787	10,027	5,307	9,936	3,922
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	60,548	172,099	203,876	113,469	148,670	165,004	164,500	163,282	153,735	128,431	99,638	83,225	49,032	39,443
total assets	68,217	175,662	208,231	116,528	151,469	168,547	168,988	167,353	158,685	131,955	103,875	88,145	52,869	40,717
Bank overdraft	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
Trade Creditors	177,623	172,093	204,982	115,111	150,212	164,325	160,387	138,479	109,461	100,493	98,073	87,883	52,760	43,497
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	177,623	172,093	204,982	115,111	150,212	164,325	160,387	138,479	109,461	100,493	98,073	87,883	52,760	43,497
loans	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
Accruals and Deferred Income	0	0	0	0	0	1,200	1,200	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	1,200	1,200	0	0	0	0	0	0	0
total liabilities	177,623	172,093	204,982	115,111	150,212	165,525	161,587	138,479	109,461	100,493	98,073	87,883	52,760	43,497
net assets	-109,406	3,569	3,249	1,417	1,257	3,022	7,401	28,874	49,224	31,462	5,802	262	109	-2,780
total shareholders funds	-109,406	3,569	3,249	1,417	1,257	3,022	7,401	28,874	49,224	31,462	5,802	262	109	-2,780

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-112,975	395	2,262	198	-1,765	-4,379	-21,391	-20,440	22,400	33,207	7,251	169	3,978	-2,841
Depreciation	0	0	0	0	0	0	0	1,122	1,378	1,168	1,182	1,562	1,280	424
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-75	-430	-38	0	0	0	0	-4,722	-7,650	-1,749	-54	-1,123	0
Stock	0	0	0	0	0	0	-144,004	18,028	16,254	24,661	12,577	33,462	3,934	35,088
Debtors	-111,551	-31,777	90,407	-35,201	-16,334	504	159,352	-843	-931	2,372	-884	5,360	-359	433
Creditors	5,530	-32,889	89,871	-35,101	-14,113	3,938	21,908	29,018	8,968	2,420	10,190	35,123	9,263	43,497
Accruals and Deferred Income	0	0	0	0	-1,200	0	1,200	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	4,106	-792	1,296	260	-744	-945	-13,631	-7,485	12,701	2,112	5,181	-2,022	9,823	5,559
Investing Activities
capital expenditure	-4,106	792	-1,296	-260	744	945	-417	-243	-2,804	-455	-499	-2,645	-3,843	-1,698
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,106	792	-1,296	-260	744	945	-417	-243	-2,804	-455	-499	-2,645	-3,843	-1,698
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	49	0	0	0	51
interest	0	0	0	0	0	0	18	90	84	55	38	38	35	10
cash flow from financing	0	0	0	0	0	0	-82	90	84	104	38	38	35	61
cash and cash equivalents
cash	0	0	0	0	0	0	-14,130	-7,638	9,981	1,760	4,720	-4,629	6,014	3,922
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-14,130	-7,638	9,981	1,760	4,720	-4,629	6,014	3,922

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 racetech tvr limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in RG9 area or any other competitors across 12 key performance metrics.

RACETECH TVR LIMITED group structure

Racetech Tvr Limited has no subsidiary companies.

Ultimate parent company

RACETECH TVR LIMITED

05576501

RACETECH TVR LIMITED Shareholders

harry frederick conway

100%

Racetech Tvr Limited currently has 1 director, Mr Harry Conway serving since Sep 2005.

officer	country	age	start	end	role
Mr Harry Conway	United Kingdom	57 years	Sep 2005	-	Director

P&L

March 2023

turnover

469.5k

-18%

operating profit

-113k

gross margin

16.3%

-13.22%

turnover

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

Balance Sheet

March 2023

net assets

-109.4k

-31.65%

total assets

68.2k

-0.61%

cash

net assets

Total assets minus all liabilities

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company number

05576501

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

September 2005

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

conway farm satwell, henley on thames, oxfordshire, RG9 4QZ

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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racetech tvr limited Company Information

racetech tvr limited Estimated Valuation

racetech tvr limited Estimated Valuation

racetech tvr limited Estimated Valuation

Racetech Tvr Limited Overview

Racetech Tvr Limited Health Check

RACETECH TVR LIMITED financials

racetech tvr limited Credit Report and Business Information

Racetech Tvr Limited Competitor Analysis

racetech tvr limited Ownership

racetech tvr limited directors

racetech tvr limited company details

racetech tvr limited Charges & Mortgages

racetech tvr limited Companies House Filings - See Documents