James Tate Racing Limited

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james tate racing limited Company Information

Live

EstablishedSmallDeclining

Company Number

07623589

Next Accounts

Jul 2025

Industry

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

Directors

James Tate

Lucinda Tate

Shareholders

james julian stuart tate

lucinda marie tate

Group Structure

View All

Contact

Registered Address

jamesfield place hamilton road, newmarket, suffolk, CB8 7JQ

Website

www.jamestateracing.com

james tate racing limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of JAMES TATE RACING LIMITED at £6.1m based on Net Assets of £2.9m and 2.12x industry multiple (adjusted for liquidity).

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James Tate Racing Limited is a live company located in suffolk, CB8 7JQ with a Companies House number of 07623589. It operates in the other sports activities sector, SIC Code 93199. Founded in May 2011, it's largest shareholder is james julian stuart tate with a 50% stake. James Tate Racing Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.

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Pomanda's financial health check has awarded James Tate Racing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.4m, make it larger than the average company (£525.6k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (6.9%)

EXPORT

James Tate Racing Limited's latest turnover from October 2023 is estimated at £2.4 million and the company has net assets of £2.9 million. According to their latest financial statements, James Tate Racing Limited has 37 employees and maintains cash reserves of £1.2 million 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
Turnover	2,435,014	3,313,492	3,313,995	6,891,639	3,304,871	3,075,663	2,895,431	3,006,903	3,907,545	4,148,369	4,224,644	4,477,948
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,416,214	1,759,186	1,825,351	3,995,240	1,905,071	1,700,590	1,573,564	1,631,746	2,077,544	2,231,893	2,198,953	2,527,340
Gross Profit	1,018,800	1,554,306	1,488,644	2,896,400	1,399,799	1,375,072	1,321,867	1,375,158	1,830,001	1,916,475	2,025,690	1,950,607
Admin Expenses	960,609	1,509,991	1,324,696	2,413,911	1,042,837	1,049,846	929,182	1,009,598	1,410,099	1,496,526	1,640,384	1,827,937
Operating Profit	58,191	44,315	163,948	482,489	356,962	325,226	392,685	365,560	419,902	419,949	385,306	122,670
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	56,675	21,042	771	878	9,306	8,942	2,186	1,477	2,058	1,573	1,076	293
Pre-Tax Profit	114,865	65,357	164,719	483,367	366,268	334,168	394,872	367,038	421,960	421,522	386,382	122,963
Tax	-28,716	-12,418	-31,297	-91,840	-69,591	-63,492	-75,026	-73,407	-84,392	-88,520	-88,868	-29,511
Profit After Tax	86,149	52,939	133,422	391,527	296,677	270,676	319,846	293,630	337,568	333,002	297,514	93,452
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	86,149	52,939	133,422	391,527	296,677	270,676	319,846	293,630	337,568	333,002	297,514	93,452
Employee Costs	987,845	1,047,660	1,150,137	1,154,946	1,007,273	963,281	898,704	856,501	1,396,040	1,605,104	1,519,408	1,708,532
Number Of Employees	37	40	47	51	45	44	43	39	57	64	61	67
EBITDA*	181,914	170,347	290,568	625,196	486,208	399,214	470,468	427,936	482,408	482,562	438,781	171,573

* 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
Tangible Assets	2,139,166	2,236,881	2,170,658	2,266,562	1,471,060	1,078,199	1,113,095	1,116,734	1,131,758	1,153,050	1,040,939	987,394
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,139,166	2,236,881	2,170,658	2,266,562	1,471,060	1,078,199	1,113,095	1,116,734	1,131,758	1,153,050	1,040,939	987,394
Stock & work in progress	20,700	63,512	100,068	46,318	20,349	19,797	6,017	84,367	84,377	32,127	4,950	4,950
Trade Debtors	211,214	286,559	271,460	608,890	318,350	298,136	277,848	262,473	227,383	219,561	188,681	141,836
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	29,744	57,415	69,016	59,980	32,125	26,884	21,020	16,982	0	0	0	0
Cash	1,245,349	913,691	956,669	584,467	1,171,699	1,309,989	1,074,621	674,552	507,200	316,013	313,191	117,239
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,507,007	1,321,177	1,397,213	1,299,655	1,542,523	1,654,806	1,379,506	1,038,374	818,960	567,701	506,822	264,025
total assets	3,646,173	3,558,058	3,567,871	3,566,217	3,013,583	2,733,005	2,492,601	2,155,108	1,950,718	1,720,751	1,547,761	1,251,419
Bank overdraft	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
Trade Creditors	38,814	55,464	70,473	117,065	53,187	67,203	53,021	60,732	561,237	670,974	838,713	1,147,136
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	356,838	330,092	386,224	458,142	362,707	398,473	436,000	410,642	0	0	0	0
total current liabilities	395,652	385,556	456,697	575,207	415,894	465,676	489,021	471,374	561,237	670,974	838,713	1,147,136
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	302,000	302,000	302,000	302,000	302,000	302,000	302,000	302,000	302,000	302,000	302,000	0
provisions	42,019	50,149	41,760	55,018	53,224	19,541	26,468	26,468	25,845	23,709	15,982	10,731
total long term liabilities	344,019	352,149	343,760	357,018	355,224	321,541	328,468	328,468	327,845	325,709	317,982	10,731
total liabilities	739,671	737,705	800,457	932,225	771,118	787,217	817,489	799,842	889,082	996,683	1,156,695	1,157,867
net assets	2,906,502	2,820,353	2,767,414	2,633,992	2,242,465	1,945,788	1,675,112	1,355,266	1,061,636	724,068	391,066	93,552
total shareholders funds	2,906,502	2,820,353	2,767,414	2,633,992	2,242,465	1,945,788	1,675,112	1,355,266	1,061,636	724,068	391,066	93,552

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012
Operating Activities
Operating Profit	58,191	44,315	163,948	482,489	356,962	325,226	392,685	365,560	419,902	419,949	385,306	122,670
Depreciation	123,723	126,032	126,620	142,707	129,246	73,988	77,783	62,376	62,506	62,613	53,475	48,903
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-28,716	-12,418	-31,297	-91,840	-69,591	-63,492	-75,026	-73,407	-84,392	-88,520	-88,868	-29,511
Stock	-42,812	-36,556	53,750	25,969	552	13,780	-78,350	-10	52,250	27,177	0	4,950
Debtors	-103,016	3,498	-328,394	318,395	25,455	26,152	19,413	52,072	7,822	30,880	46,845	141,836
Creditors	-16,650	-15,009	-46,592	63,878	-14,016	14,182	-7,711	-500,505	-109,737	-167,739	-308,423	1,147,136
Accruals and Deferred Income	26,746	-56,132	-71,918	95,435	-35,766	-37,527	25,358	410,642	0	0	0	0
Deferred Taxes & Provisions	-8,130	8,389	-13,258	1,794	33,683	-6,927	0	623	2,136	7,727	5,251	10,731
Cash flow from operations	300,992	128,235	402,147	350,099	374,511	265,518	472,026	213,227	230,343	175,973	-104	1,153,143
Investing Activities
capital expenditure	-26,008	-192,255	-30,716	-938,209	-522,107	-39,092	-74,144	-47,352	-41,214	-174,724	-107,020	-1,036,297
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,008	-192,255	-30,716	-938,209	-522,107	-39,092	-74,144	-47,352	-41,214	-174,724	-107,020	-1,036,297
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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	302,000	0
share issue	0	0	0	0	0	0	0	0	0	0	0	100
interest	56,675	21,042	771	878	9,306	8,942	2,186	1,477	2,058	1,573	1,076	293
cash flow from financing	56,675	21,042	771	878	9,306	8,942	2,186	1,477	2,058	1,573	303,076	393
cash and cash equivalents
cash	331,658	-42,978	372,202	-587,232	-138,290	235,368	400,069	167,352	191,187	2,822	195,952	117,239
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	331,658	-42,978	372,202	-587,232	-138,290	235,368	400,069	167,352	191,187	2,822	195,952	117,239

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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JAMES TATE RACING LIMITED group structure

James Tate Racing Limited has no subsidiary companies.

Ultimate parent company

JAMES TATE RACING LIMITED

07623589

JAMES TATE RACING LIMITED Shareholders

james julian stuart tate	50%
lucinda marie tate	50%

James Tate Racing Limited currently has 2 directors. The longest serving directors include Mr James Tate (May 2011) and Mrs Lucinda Tate (May 2011).

officer	country	age	start	end	role
Mr James Tate	United Kingdom	44 years	May 2011	-	Director
Mrs Lucinda Tate	United Kingdom	40 years	May 2011	-	Director

P&L

October 2023

turnover

2.4m

-27%

operating profit

58.2k

gross margin

41.9%

-10.81%

turnover

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

Balance Sheet

October 2023

net assets

2.9m

+0.03%

total assets

3.6m

+0.02%

cash

1.2m

+0.36%

net assets

Total assets minus all liabilities

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company number

07623589

Type

Private limited with Share Capital

industry

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

incorporation date

May 2011

ultimate parent company

None

previous names

N/A

address

jamesfield place hamilton road, newmarket, suffolk, CB8 7JQ

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 4 charges/mortgages relating to james tate racing limited. Currently there are 4 open charges and 0 have been satisfied in the past.

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james tate racing limited Company Information

james tate racing limited Estimated Valuation

james tate racing limited Estimated Valuation

james tate racing limited Estimated Valuation

James Tate Racing Limited Overview

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JAMES TATE RACING LIMITED financials

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