Pomanda estimates the enterprise value of RACING HOMES at £1.5m based on a Turnover of £1.1m and 1.37x industry multiple (adjusted for size and gross margin).
racing homesEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of RACING HOMES at £1.5m based on an EBITDA of £248.3k and a 5.99x industry multiple (adjusted for size and gross margin).
racing homesEstimated Valuation
£23.4m
Pomanda estimates the enterprise value of RACING HOMES at £23.4m based on Net Assets of £12.2m and 1.92x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Racing HomesOverview
Racing Homes is a live company located in suffolk, CB8 8QD with a Companies House number of 06489067. It operates in the other accommodation sector, SIC Code 55900. Founded in January 2008, it's largest shareholder is
unknown.
Racing Homes is a established,
small sized company, Pomanda has estimated its turnover at
£1.1m with
declining
growth in recent years.
Pomanda's financial health check has awarded Racing Homes a 4 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 Rating4out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £1.1m, make it in line with the average company (£916k)
£1.1m - Racing Homes
£916k - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.4%)
-13% - Racing Homes
6.4% - Industry AVG
Production
with a gross margin of 60.3%, this company has a comparable cost of product (60.3%)
60.3% - Racing Homes
60.3% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (6%)
-1.7% - Racing Homes
6% - Industry AVG
Employees
with 6 employees, this is below the industry average (19)
6 - Racing Homes
19 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has a higher pay structure (£24.4k)
£46.6k - Racing Homes
£24.4k - Industry AVG
Efficiency
resulting in sales per employee of £176.5k, this is more efficient (£58k)
£176.5k - Racing Homes
£58k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (15 days)
8 days - Racing Homes
15 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (18 days)
72 days - Racing Homes
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Racing Homes
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 52 weeks, this is less cash available to meet short term requirements (81 weeks)
52 weeks - Racing Homes
81 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13%, this is a lower level of debt than the average (34%)
13% - Racing Homes
34% - Industry AVG
RACING HOMES financials
EXPORT
Racing Homes's latest turnover from December 2023 is £1.1 million and the company has net assets of £12.2 million. According to their latest financial statements, Racing Homes has 6 employees and maintains cash reserves of £217.8 thousand 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
1,059,000
1,117,800
1,111,000
1,633,000
894,800
561,200
589,900
620,100
618,500
590,000
534,800
509,300
423,200
417,400
392,309
Other Income Or Grants
Cost Of Sales
420,262
509,158
625,245
974,758
520,242
316,846
294,889
278,534
284,346
258,306
241,055
238,854
193,171
203,024
Gross Profit
638,738
608,642
485,755
658,242
374,558
244,354
295,011
341,566
334,154
331,694
293,745
270,446
230,029
214,376
Admin Expenses
657,185
449,046
113,681
-342,109
109,187
221,185
219,411
243,566
307,054
249,694
263,945
233,246
187,329
174,476
3,531
Operating Profit
-18,447
159,596
372,074
1,000,351
265,371
23,169
75,600
98,000
27,100
82,000
29,800
37,200
42,700
39,900
-3,531
Interest Payable
14,300
14,300
14,400
17,700
14,500
14,400
14,500
14,510
Interest Receivable
900
860
Pre-Tax Profit
-186,100
15,800
214,000
722,000
118,100
-38,900
591,400
83,800
40,100
111,500
21,400
73,200
1,708,100
201,300
386,745
Tax
Profit After Tax
-186,100
15,800
214,000
722,000
118,100
-38,900
591,400
83,800
40,100
111,500
21,400
73,200
1,708,100
201,300
386,745
Dividends Paid
Retained Profit
-186,100
15,800
214,000
722,000
118,100
-38,900
591,400
83,800
40,100
111,500
21,400
73,200
1,708,100
201,300
386,745
Employee Costs
279,600
229,000
139,000
124,000
56,800
82,500
115,300
113,300
99,900
89,600
80,900
80,200
83,000
91,800
90,336
Number Of Employees
6
5
3
5
3
2
4
4
14
14
13
13
11
11
EBITDA*
248,253
444,596
654,074
1,260,351
458,371
174,369
210,700
231,500
170,200
221,800
159,700
153,100
142,200
135,500
85,459
* 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
12,822,800
12,991,100
13,165,000
13,297,000
13,392,700
12,453,900
10,467,600
9,440,800
9,469,700
9,589,800
9,322,300
8,206,400
8,067,700
6,586,200
6,418,770
Intangible Assets
160,700
162,300
164,000
166,000
167,100
170,300
171,900
173,500
175,100
176,600
178,200
179,800
181,400
183,022
Investments & Other
665,700
36,000
623,700
586,200
548,700
Debtors (Due After 1 year)
Total Fixed Assets
13,649,200
13,153,400
13,365,000
13,463,000
13,559,800
12,453,900
10,637,900
10,236,400
10,229,400
10,313,600
9,498,900
8,384,600
8,247,500
6,767,600
6,601,792
Stock & work in progress
140,000
Trade Debtors
24,000
22,100
30,000
30,000
27,000
6,600
6,700
10,100
18,500
15,300
24,500
8,000
24,200
7,668
Group Debtors
15,700
631,900
222,000
2,000
490,900
307,000
402,200
200,000
175,096
Misc Debtors
125,800
27,900
13,000
11,000
4,800
429,500
950,400
366,300
431,700
394,800
7,000
26,700
20,400
17,900
Cash
217,800
559,000
732,000
642,000
239,800
800,900
101,000
283,700
172,400
40,400
54,200
87,400
51,200
44,800
26,658
misc current assets
total current assets
383,300
1,240,900
997,000
685,000
271,600
1,237,000
1,058,100
660,100
622,600
435,200
707,400
445,600
481,800
286,900
209,422
total assets
14,032,500
14,394,300
14,362,000
14,148,000
13,831,400
13,690,900
11,696,000
10,896,500
10,852,000
10,748,800
10,206,300
8,830,200
8,729,300
7,054,500
6,811,214
Bank overdraft
Bank loan
Trade Creditors
83,400
169,000
58,000
47,000
97,700
214,800
122,600
27,900
24,800
5,600
11,200
36,200
1,600
7,314
Group/Directors Accounts
39,000
346,900
192,900
100,100
15,500
90,500
45,500
23,300
31,300
55,500
18,213
other short term finances
41,000
40,900
41,000
41,000
40,600
44,600
400
400
300
200
200
200
100
100
114
hp & lease commitments
600
1,200
1,200
1,200
other current liabilities
90,900
140,200
194,000
125,000
130,800
114,900
15,600
20,800
24,700
107,300
21,400
16,900
19,700
30,300
18,104
total current liabilities
215,300
350,100
293,000
252,000
616,000
567,200
238,700
64,600
140,900
114,300
79,500
77,800
52,700
85,900
43,745
loans
1,610,100
1,651,000
1,692,000
1,733,000
1,773,400
1,799,800
94,500
94,800
95,200
95,600
95,800
96,000
96,300
96,400
96,562
hp & lease commitments
600
1,700
2,900
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
1,610,100
1,651,000
1,692,000
1,733,000
1,773,400
1,799,800
94,500
94,800
95,200
96,200
97,500
98,900
96,300
96,400
96,562
total liabilities
1,825,400
2,001,100
1,985,000
1,985,000
2,389,400
2,367,000
333,200
159,400
236,100
210,500
177,000
176,700
149,000
182,300
140,307
net assets
12,207,100
12,393,200
12,377,000
12,163,000
11,442,000
11,323,900
11,362,800
10,737,100
10,615,900
10,538,300
10,029,300
8,653,500
8,580,300
6,872,200
6,670,907
total shareholders funds
12,207,100
12,393,200
12,377,000
12,163,000
11,442,000
11,323,900
11,362,800
10,737,100
10,615,900
10,538,300
10,029,300
8,653,500
8,580,300
6,872,200
6,670,907
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
-18,447
159,596
372,074
1,000,351
265,371
23,169
75,600
98,000
27,100
82,000
29,800
37,200
42,700
39,900
-3,531
Depreciation
265,100
283,000
280,000
258,000
191,400
149,600
133,500
131,900
141,500
138,200
128,300
114,300
97,900
94,000
87,408
Amortisation
1,600
2,000
2,000
2,000
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,600
1,582
Tax
Stock
-140,000
140,000
Debtors
-516,400
416,900
222,000
11,200
-404,300
-521,000
580,700
-73,800
55,400
-118,400
155,000
-72,400
188,500
59,336
182,764
Creditors
-85,600
111,000
11,000
-50,700
-117,100
92,200
94,700
3,100
19,200
-5,600
-25,000
34,600
1,600
-7,314
7,314
Accruals and Deferred Income
-49,300
-53,800
69,000
-5,800
15,900
99,300
-5,200
-3,900
-82,600
85,900
4,500
-2,800
-10,600
12,196
18,104
Deferred Taxes & Provisions
Cash flow from operations
629,753
84,896
512,074
1,192,651
761,471
886,869
-280,500
304,500
51,400
560,500
-155,800
257,300
-55,300
81,046
-71,887
Investing Activities
capital expenditure
-1,969,900
-1,160,300
-103,000
-21,400
-405,800
-1,244,200
-253,000
-1,579,400
-261,408
-6,690,782
Change in Investments
665,700
-36,000
36,000
-623,700
37,500
37,500
548,700
cash flow from investments
-665,700
36,000
-36,000
-1,969,900
-536,600
-140,500
-58,900
-954,500
-1,244,200
-253,000
-1,579,400
-261,408
-6,690,782
Financing Activities
Bank loans
Group/Directors Accounts
-39,000
-307,900
154,000
92,800
84,600
-75,000
90,500
-45,500
22,200
-8,000
-24,200
37,287
18,213
Other Short Term Loans
100
-100
400
-4,000
44,200
100
100
100
-14
114
Long term loans
-40,900
-41,000
-41,000
-40,400
-26,400
1,705,300
-300
-400
-400
-200
-200
-300
-100
-162
96,562
Hire Purchase and Lease Commitments
-600
-1,200
-1,100
-1,200
4,100
other long term liabilities
share issue
400
-1,000
34,300
37,400
37,500
397,500
1,354,400
-7
6,284,162
interest
-14,300
-14,300
-14,400
-17,700
-14,500
-14,400
-13,600
-13,650
cash flow from financing
-40,800
-40,700
-80,000
-348,900
123,600
1,842,300
104,300
-52,800
112,100
350,700
1,357,500
-18,600
-38,700
23,504
6,385,401
cash and cash equivalents
cash
-341,200
-173,000
90,000
402,200
-561,100
699,900
-182,700
111,300
132,000
-13,800
-33,200
36,200
6,400
18,142
26,658
overdraft
change in cash
-341,200
-173,000
90,000
402,200
-561,100
699,900
-182,700
111,300
132,000
-13,800
-33,200
36,200
6,400
18,142
26,658
racing homes Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for racing homes. Get real-time insights into racing homes's credit score, group structure and payment trends.
Perform a competitor analysis for racing homes by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in CB8 area or any other competitors across 12 key performance metrics.
racing homes Ownership
RACING HOMES group structure
Racing Homes has no subsidiary companies.
Ultimate parent company
RACING HOMES
06489067
RACING HOMES Shareholders
The sole shareholder of Racing Homes is -.
-
-
racing homes directors
Racing Homes currently has 6 directors.
The longest serving directors include
Mr Patrick Russell (May 2015) and
Mr Craig Glasper (Oct 2015).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
55900 - Other accommodation
incorporation date
January 2008
age
17
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
the stable lads welfare trust housing association limited (October 2020)
accountant
-
auditor
PRICE BAILEY LLP
address
20b park lane, newmarket, suffolk, CB8 8QD
Bank
BARCLAYS BANK PLC
Legal Advisor
TAYLOR VINTERS
racing homes 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 2 charges/mortgages relating to racing homes. Currently there are 0 open charges and 2 have been satisfied in the past.
racing homes 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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racing homesCompanies House Filings - See Documents
