Kinnersley Racing Limited

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SOLUTIONS

kinnersley racing limited Company Information

Live

EstablishedMicroDeclining

Company Number

07247704

Website

www.johnspearing.co.uk

Registered Address

kinnersley racing stables, severn stoke, worcester, worcestershire, WR8 9JR

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

Telephone

01905371054

Next Accounts Due

July 2025

Group Structure

View All

Directors

Catherine Ive11 Years

Shareholders

catherine jane ive 80%

john lionel spearing 20%

kinnersley racing limited Estimated Valuation

£124.5k

Pomanda estimates the enterprise value of KINNERSLEY RACING LIMITED at £124.5k based on a Turnover of £167.5k and 0.74x industry multiple (adjusted for size and gross margin).

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Kinnersley Racing Limited is a live company located in worcester, WR8 9JR with a Companies House number of 07247704. It operates in the other sports activities sector, SIC Code 93199. Founded in May 2010, it's largest shareholder is catherine jane ive with a 80% stake. Kinnersley Racing Limited is a established, micro sized company, Pomanda has estimated its turnover at £167.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Kinnersley Racing Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

8 Weak

Size

annual sales of £167.5k, make it smaller than the average company (£542.1k)

Growth

3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (6.9%)

EXPORT

Kinnersley Racing Limited's latest turnover from October 2023 is estimated at £167.5 thousand and the company has net assets of £9 thousand. According to their latest financial statements, Kinnersley Racing Limited has 3 employees and maintains cash reserves of £2.7 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
Turnover	167,536	276,877	423,574	528,380	412,706	269,285	325,630	423,434	424,836	565,989	540,049
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	95,787	146,271	235,045	306,314	238,880	148,892	176,070	231,470	226,286	304,512	281,104
Gross Profit	71,749	130,606	188,529	222,066	173,826	120,392	149,559	191,964	198,550	261,477	258,945
Admin Expenses	70,567	132,135	187,741	221,497	173,088	120,020	150,024	188,134	191,976	254,825	258,645
Operating Profit	1,182	-1,529	788	569	738	372	-465	3,830	6,574	6,652	300
Interest Payable	2,188	2,173	1,885	984	0	0	18	18	0	0	0
Interest Receivable	143	118	13	11	41	39	3	6	62	68	18
Pre-Tax Profit	-862	-3,584	-1,084	-404	779	411	-480	3,819	6,636	6,720	318
Tax	0	0	0	0	-148	-78	0	-764	-1,327	-1,411	-73
Profit After Tax	-862	-3,584	-1,084	-404	631	333	-480	3,055	5,309	5,309	245
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-862	-3,584	-1,084	-404	631	333	-480	3,055	5,309	5,309	245
Employee Costs	79,012	101,753	72,663	67,704	89,535	109,464	125,204	152,981	170,146	225,000	198,656
Number Of Employees	3	4	3	3	4	5	6	7	7	9	8
EBITDA*	9,157	5,301	1,941	1,925	1,980	1,833	1,254	3,830	8,742	9,202	3,300

* 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
Tangible Assets	12,040	5,165	6,529	7,682	7,038	8,280	9,741	68,940	12,282	14,450	17,000
Intangible Assets	46,800	52,650	58,500	58,500	58,500	58,500	58,500	0	58,500	58,500	58,500
Investments & Other	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
Total Fixed Assets	58,840	57,815	65,029	66,182	65,538	66,780	68,241	68,940	70,782	72,950	75,500
Stock & work in progress	0	0	0	0	0	0	6,500	0	30,750	30,145	25,452
Trade Debtors	11,140	19,219	37,167	43,893	39,223	20,150	27,096	29,461	13,855	19,555	29,025
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,191	2,849	33,204	31,352	0	0	0	0	0	0	0
Cash	2,663	3,073	7,379	18,301	2,968	7,988	2,339	0	5,123	19,865	7,263
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,994	25,141	77,750	93,546	42,191	28,138	35,935	29,461	49,728	69,565	61,740
total assets	75,834	82,956	142,779	159,728	107,729	94,918	104,176	98,401	120,510	142,515	137,240
Bank overdraft	6,450	6,500	2,688	2,688	0	0	0	576	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,208	11,625	13,079	12,709	9,156	6,819	6,532	12,786	106,691	136,461	69,714
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	66,720
other short term finances	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
other current liabilities	43,843	37,407	85,556	98,810	82,334	72,255	81,855	71,121	0	0	0
total current liabilities	54,501	55,532	101,323	114,207	91,490	79,074	88,387	84,483	106,691	136,461	136,434
loans	10,213	16,613	26,875	29,563	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	2,152	981	1,167	1,460	1,337	1,573	1,851	0	2,456	0	61
total long term liabilities	12,365	17,594	28,042	31,023	1,337	1,573	1,851	0	2,456	0	61
total liabilities	66,866	73,126	129,365	145,230	92,827	80,647	90,238	84,483	109,147	136,461	136,495
net assets	8,968	9,830	13,414	14,498	14,902	14,271	13,938	13,918	11,363	6,054	745
total shareholders funds	8,968	9,830	13,414	14,498	14,902	14,271	13,938	13,918	11,363	6,054	745

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	May 2012	May 2011
Operating Activities
Operating Profit	1,182	-1,529	788	569	738	372	-465	3,830	6,574	6,652	300	0	0
Depreciation	2,125	980	1,153	1,356	1,242	1,461	1,719	0	2,168	2,550	3,000	0	0
Amortisation	5,850	5,850	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-148	-78	0	-764	-1,327	-1,411	-73	0	0
Stock	0	0	0	0	0	-6,500	6,500	-30,750	605	4,693	25,452	0	0
Debtors	-7,737	-48,303	-4,874	36,022	19,073	-6,946	-2,365	15,606	-5,700	-9,470	29,025	0	0
Creditors	-7,417	-1,454	370	3,553	2,337	287	-6,254	-93,905	-29,770	66,747	69,714	0	0
Accruals and Deferred Income	6,436	-48,149	-13,254	16,476	10,079	-9,600	10,734	71,121	0	0	0	0	0
Deferred Taxes & Provisions	1,171	-186	-293	123	-236	-278	1,851	-2,456	2,456	-61	61	0	0
Cash flow from operations	17,084	3,815	-6,362	-13,945	-5,061	5,610	3,450	-7,030	-14,804	79,254	18,525	0	0
Investing Activities
capital expenditure	-9,000	384	0	-2,000	0	0	-1,020	1,842	0	0	-78,500	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,000	384	0	-2,000	0	0	-1,020	1,842	0	0	-78,500	0	0
Financing Activities
Bank loans	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	-66,720	66,720	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-6,400	-10,262	-2,688	29,563	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	500	-500	0	0	500	0	0
interest	-2,045	-2,055	-1,872	-973	41	39	-15	-12	62	68	18	0	0
cash flow from financing	-8,445	-12,317	-4,560	28,590	41	39	485	-512	62	-66,652	67,238	0	0
cash and cash equivalents
cash	-410	-4,306	-10,922	15,333	-5,020	5,649	2,339	-5,123	-14,742	12,602	7,263	0	0
overdraft	-50	3,812	0	2,688	0	0	-576	576	0	0	0	0	0
change in cash	-360	-8,118	-10,922	12,645	-5,020	5,649	2,915	-5,699	-14,742	12,602	7,263	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KINNERSLEY RACING LIMITED group structure

Kinnersley Racing Limited has no subsidiary companies.

Ultimate parent company

KINNERSLEY RACING LIMITED

07247704

KINNERSLEY RACING LIMITED Shareholders

catherine jane ive	80%
john lionel spearing	20%

Kinnersley Racing Limited currently has 1 director, Ms Catherine Ive serving since Nov 2012.

officer	country	age	start	end	role
Ms Catherine Ive		67 years	Nov 2012	-	Director

P&L

October 2023

turnover

167.5k

-39%

operating profit

1.2k

gross margin

42.9%

-9.21%

turnover

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

Balance Sheet

October 2023

net assets

-0.09%

total assets

75.8k

-0.09%

cash

2.7k

-0.13%

net assets

Total assets minus all liabilities

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company number

07247704

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

May 2010

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

October 2023

address

kinnersley racing stables, severn stoke, worcester, worcestershire, WR8 9JR

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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kinnersley racing limited Company Information

kinnersley racing limited Estimated Valuation

kinnersley racing limited Estimated Valuation

kinnersley racing limited Estimated Valuation

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KINNERSLEY RACING LIMITED financials

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