betfred group holdings limited
betfred group holdings limited Company Information
Company Number
07717019
Website
www.betfred.comRegistered Address
the spectrum 56-58 benson road, birchwood, warrington, cheshire, WA3 7PQ
Industry
Gambling and betting activities
Telephone
01925285000
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
trustees of the f done 1991 no 3 trust 23.4%
trustees of the f done 1991 no 1 trust 22.7%
View Allbetfred group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BETFRED GROUP HOLDINGS LIMITED at £1.7b based on a Turnover of £723.2m and 2.34x industry multiple (adjusted for size and gross margin).
betfred group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BETFRED GROUP HOLDINGS LIMITED at £627.5m based on an EBITDA of £68.4m and a 9.17x industry multiple (adjusted for size and gross margin).
betfred group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BETFRED GROUP HOLDINGS LIMITED at £1.1b based on Net Assets of £307.2m and 3.65x industry multiple (adjusted for liquidity).
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Betfred Group Holdings Limited Overview
Betfred Group Holdings Limited is a live company located in warrington, WA3 7PQ with a Companies House number of 07717019. It operates in the gambling and betting activities sector, SIC Code 92000. Founded in July 2011, it's largest shareholder is trustees of the f done 1991 no 3 trust with a 23.4% stake. Betfred Group Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £723.2m with healthy growth in recent years.
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Betfred Group Holdings Limited Health Check
Pomanda's financial health check has awarded Betfred Group Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £723.2m, make it larger than the average company (£7.6m)
£723.2m - Betfred Group Holdings Limited
£7.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-4.6%)
5% - Betfred Group Holdings Limited
-4.6% - Industry AVG
Production
with a gross margin of 75.1%, this company has a comparable cost of product (71.5%)
75.1% - Betfred Group Holdings Limited
71.5% - Industry AVG
Profitability
an operating margin of 5.1% make it less profitable than the average company (12.7%)
5.1% - Betfred Group Holdings Limited
12.7% - Industry AVG
Employees
with 7761 employees, this is above the industry average (91)
7761 - Betfred Group Holdings Limited
91 - Industry AVG
Pay Structure
on an average salary of £28.2k, the company has an equivalent pay structure (£25.5k)
£28.2k - Betfred Group Holdings Limited
£25.5k - Industry AVG
Efficiency
resulting in sales per employee of £93.2k, this is equally as efficient (£87k)
£93.2k - Betfred Group Holdings Limited
£87k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (4 days)
0 days - Betfred Group Holdings Limited
4 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (39 days)
52 days - Betfred Group Holdings Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (3 days)
0 days - Betfred Group Holdings Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is average cash available to meet short term requirements (34 weeks)
30 weeks - Betfred Group Holdings Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.6%, this is a lower level of debt than the average (57.9%)
36.6% - Betfred Group Holdings Limited
57.9% - Industry AVG
betfred group holdings limited Credit Report and Business Information
Betfred Group Holdings Limited Competitor Analysis
Perform a competitor analysis for betfred group holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
betfred group holdings limited Ownership
BETFRED GROUP HOLDINGS LIMITED group structure
Betfred Group Holdings Limited has 1 subsidiary company.
Ultimate parent company
BETFRED GROUP HOLDINGS LIMITED
07717019
1 subsidiary
betfred group holdings limited directors
Betfred Group Holdings Limited currently has 3 directors. The longest serving directors include Mr Fred Done (Mar 2012) and Mrs Nicola Barr (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fred Done | 81 years | Mar 2012 | - | Director | |
| Mrs Nicola Barr | 47 years | Oct 2016 | - | Director | |
| Mrs Joanne Whittaker | England | 46 years | Apr 2021 | - | Director |
BETFRED GROUP HOLDINGS LIMITED financials
Betfred Group Holdings Limited's latest turnover from September 2022 is £723.2 million and the company has net assets of £307.2 million. According to their latest financial statements, Betfred Group Holdings Limited has 7,761 employees and maintains cash reserves of £84.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 723,204,000 | 525,958,000 | 524,943,000 | 621,376,000 | 727,631,000 | 634,474,000 | 578,695,000 | 525,886,000 | 729,199,000 | 414,394,000 | 331,540,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 180,286,000 | 134,920,000 | 114,715,000 | 146,371,000 | 175,464,000 | 136,364,000 | 122,844,000 | 105,640,000 | 136,131,000 | 51,994,000 | 35,755,000 |
| Gross Profit | 542,918,000 | 391,038,000 | 410,228,000 | 475,005,000 | 552,167,000 | 498,110,000 | 455,851,000 | 420,246,000 | 593,068,000 | 362,400,000 | 295,785,000 |
| Admin Expenses | 506,103,000 | 364,395,000 | 305,680,000 | 400,236,000 | 593,601,000 | 511,502,000 | 417,413,000 | 497,558,000 | 561,570,000 | 331,894,000 | 292,408,000 |
| Operating Profit | 36,815,000 | 26,643,000 | 104,548,000 | 74,769,000 | -41,434,000 | -13,392,000 | 38,438,000 | -77,312,000 | 31,498,000 | 30,506,000 | 3,377,000 |
| Interest Payable | 984,000 | 3,642,000 | 907,000 | 3,731,000 | 4,347,000 | 6,147,000 | 7,404,000 | 8,692,000 | 16,811,000 | 12,843,000 | 10,854,000 |
| Interest Receivable | 5,138,000 | 4,762,000 | 6,612,000 | 2,448,000 | 1,075,000 | 1,459,000 | 604,000 | 302,000 | 1,574,000 | 872,000 | 905,000 |
| Pre-Tax Profit | 37,792,000 | 6,057,000 | 204,564,000 | 171,213,000 | -43,806,000 | -18,080,000 | 32,391,000 | -88,225,000 | 16,132,000 | 22,944,000 | -5,852,000 |
| Tax | -18,237,000 | -806,000 | -39,523,000 | -14,521,000 | 3,086,000 | -10,602,000 | -9,313,000 | -2,865,000 | -10,072,000 | -8,403,000 | -569,000 |
| Profit After Tax | 19,555,000 | 5,251,000 | 165,041,000 | 156,692,000 | -40,720,000 | -28,682,000 | 23,078,000 | -91,090,000 | 6,060,000 | 14,541,000 | -6,421,000 |
| Dividends Paid | 50,752,000 | 0 | 0 | 10,150,000 | 10,150,000 | 10,151,000 | 10,150,000 | 0 | 0 | 0 | 14,000 |
| Retained Profit | -29,063,000 | 5,737,000 | 165,041,000 | 145,908,000 | -50,236,000 | -38,833,000 | 12,928,000 | -91,090,000 | 6,060,000 | 14,541,000 | -6,435,000 |
| Employee Costs | 218,780,000 | 191,730,000 | 186,851,000 | 187,932,000 | 189,340,000 | 170,848,000 | 152,258,000 | 138,552,000 | 210,433,000 | 126,317,000 | 110,889,000 |
| Number Of Employees | 7,761 | 7,497 | 6,993 | 7,154 | 7,516 | 7,097 | 6,124 | 6,112 | 6,225 | 5,755 | 5,527 |
| EBITDA* | 68,444,000 | 54,470,000 | 134,547,000 | 106,423,000 | -249,000 | 34,370,000 | 79,360,000 | 33,300,000 | 94,195,000 | 68,241,000 | 34,666,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 52,751,000 | 49,857,000 | 47,521,000 | 48,535,000 | 50,511,000 | 76,453,000 | 65,916,000 | 76,548,000 | 89,027,000 | 83,140,000 | 92,190,000 |
| Intangible Assets | 124,033,000 | 117,576,000 | 113,460,000 | 91,922,000 | 101,263,000 | 159,219,000 | 167,630,000 | 185,063,000 | 289,722,000 | 200,940,000 | 216,593,000 |
| Investments & Other | 80,330,000 | 1,654,000 | 177,735,000 | 110,418,000 | 1,788,000 | 1,650,000 | 1,650,000 | 1,650,000 | 1,650,000 | 6,297,000 | 14,321,000 |
| Debtors (Due After 1 year) | 55,231,000 | 69,880,000 | 0 | 0 | 0 | 22,944,000 | 3,804,000 | 0 | 0 | 13,927,000 | 14,527,000 |
| Total Fixed Assets | 312,345,000 | 238,967,000 | 338,716,000 | 250,875,000 | 153,562,000 | 260,266,000 | 239,000,000 | 263,261,000 | 380,399,000 | 304,304,000 | 337,631,000 |
| Stock & work in progress | 433,000 | 384,000 | 252,000 | 253,000 | 435,000 | 18,000 | 15,000 | 15,000 | 0 | 0 | 0 |
| Trade Debtors | 704,000 | 627,000 | 2,498,000 | 1,584,000 | 2,363,000 | 3,176,000 | 5,609,000 | 3,912,000 | 2,218,000 | 557,000 | 3,208,000 |
| Group Debtors | 12,183,000 | 14,177,000 | 46,294,000 | 70,234,000 | 24,421,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 73,859,000 | 69,827,000 | 100,515,000 | 44,194,000 | 36,940,000 | 29,547,000 | 24,471,000 | 27,217,000 | 28,859,000 | 21,479,000 | 17,758,000 |
| Cash | 84,718,000 | 170,093,000 | 38,246,000 | 54,662,000 | 58,576,000 | 60,172,000 | 43,000,000 | 42,188,000 | 41,255,000 | 23,580,000 | 37,668,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 171,897,000 | 255,108,000 | 187,805,000 | 170,927,000 | 122,735,000 | 92,913,000 | 73,095,000 | 73,332,000 | 72,332,000 | 45,616,000 | 58,634,000 |
| total assets | 484,242,000 | 494,075,000 | 526,521,000 | 421,802,000 | 276,297,000 | 353,179,000 | 312,095,000 | 336,593,000 | 452,731,000 | 349,920,000 | 396,265,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 13,513,000 | 14,236,000 | 26,069,000 | 24,884,000 | 27,853,000 | 17,831,000 | 30,376,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,860,000 | 11,326,000 | 10,574,000 | 4,573,000 | 10,860,000 | 14,957,000 | 11,471,000 | 12,224,000 | 9,438,000 | 9,644,000 | 12,440,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 157,000 | 924,000 | 1,128,000 | 0 | 0 | 0 |
| hp & lease commitments | 54,000 | 54,000 | 97,000 | 124,000 | 500,000 | 1,732,000 | 2,715,000 | 2,830,000 | 2,593,000 | 3,033,000 | 2,894,000 |
| other current liabilities | 118,849,000 | 113,682,000 | 122,328,000 | 88,438,000 | 92,347,000 | 103,914,000 | 84,064,000 | 79,534,000 | 66,411,000 | 46,670,000 | 49,339,000 |
| total current liabilities | 144,763,000 | 125,062,000 | 132,999,000 | 93,135,000 | 117,220,000 | 134,996,000 | 125,243,000 | 120,600,000 | 106,295,000 | 77,178,000 | 95,049,000 |
| loans | 0 | 0 | 0 | 0 | 51,963,000 | 130,460,000 | 70,338,000 | 108,250,000 | 146,493,000 | 182,895,000 | 223,535,000 |
| hp & lease commitments | 173,000 | 227,000 | 315,000 | 400,000 | 513,000 | 2,151,000 | 407,000 | 2,692,000 | 5,798,000 | 1,604,000 | 4,264,000 |
| Accruals and Deferred Income | 1,050,000 | 1,160,000 | 1,362,000 | 1,424,000 | 1,586,000 | 1,682,000 | 1,924,000 | 2,373,000 | 2,631,000 | 9,744,000 | 4,656,000 |
| other liabilities | 529,000 | 59,000 | 56,000 | 79,000 | 105,000 | 102,000 | 98,000 | 110,000 | 95,000 | 755,000 | 734,000 |
| provisions | 30,552,000 | 27,558,000 | 57,454,000 | 155,635,000 | 77,193,000 | 24,849,000 | 15,341,000 | 16,658,000 | 11,185,000 | 6,415,000 | 6,719,000 |
| total long term liabilities | 32,304,000 | 29,004,000 | 59,187,000 | 157,538,000 | 131,360,000 | 159,244,000 | 91,514,000 | 130,083,000 | 166,202,000 | 201,413,000 | 239,908,000 |
| total liabilities | 177,067,000 | 154,066,000 | 192,186,000 | 250,673,000 | 248,580,000 | 294,240,000 | 216,757,000 | 250,683,000 | 272,497,000 | 278,591,000 | 334,957,000 |
| net assets | 307,175,000 | 339,728,000 | 334,335,000 | 171,129,000 | 27,083,000 | 58,939,000 | 95,338,000 | 85,910,000 | 180,234,000 | 71,329,000 | 61,308,000 |
| total shareholders funds | 307,175,000 | 339,728,000 | 334,335,000 | 171,129,000 | 27,083,000 | 58,939,000 | 95,338,000 | 85,910,000 | 180,234,000 | 71,329,000 | 61,308,000 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 36,815,000 | 26,643,000 | 104,548,000 | 74,769,000 | -41,434,000 | -13,392,000 | 38,438,000 | -77,312,000 | 31,498,000 | 30,506,000 | 3,377,000 |
| Depreciation | 15,789,000 | 13,361,000 | 16,115,000 | 18,147,000 | 22,319,000 | 26,764,000 | 23,590,000 | 27,364,000 | 36,412,000 | 22,121,000 | 19,856,000 |
| Amortisation | 15,840,000 | 14,466,000 | 13,884,000 | 13,507,000 | 18,866,000 | 20,998,000 | 17,332,000 | 83,248,000 | 26,285,000 | 15,614,000 | 11,433,000 |
| Tax | -18,237,000 | -806,000 | -39,523,000 | -14,521,000 | 3,086,000 | -10,602,000 | -9,313,000 | -2,865,000 | -10,072,000 | -8,403,000 | -569,000 |
| Stock | 49,000 | 132,000 | -1,000 | -182,000 | 417,000 | 3,000 | 0 | 15,000 | 0 | 0 | 0 |
| Debtors | -12,534,000 | 5,204,000 | 33,295,000 | 52,288,000 | 8,057,000 | 21,783,000 | 2,755,000 | 52,000 | -4,886,000 | 470,000 | 35,493,000 |
| Creditors | 14,534,000 | 752,000 | 6,001,000 | -6,287,000 | -4,097,000 | 3,486,000 | -753,000 | 2,786,000 | -206,000 | -2,796,000 | 12,440,000 |
| Accruals and Deferred Income | 5,057,000 | -8,848,000 | 33,828,000 | -4,071,000 | -11,663,000 | 19,608,000 | 4,081,000 | 12,865,000 | 12,628,000 | 2,419,000 | 53,995,000 |
| Deferred Taxes & Provisions | 2,994,000 | -29,896,000 | -98,181,000 | 78,442,000 | 52,344,000 | 9,508,000 | -1,317,000 | 5,473,000 | 4,770,000 | -304,000 | 6,719,000 |
| Cash flow from operations | 85,277,000 | 10,336,000 | 3,378,000 | 107,880,000 | 30,947,000 | 34,584,000 | 69,303,000 | 51,492,000 | 106,201,000 | 58,687,000 | 71,758,000 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 18,199,000 | -17,193,000 | 1,083,000 | 1,094,000 | -33,699,000 | -10,105,000 | -12,877,000 |
| Change in Investments | 78,676,000 | -176,081,000 | 67,317,000 | 108,630,000 | 138,000 | 0 | 0 | 0 | -4,647,000 | -8,024,000 | 14,321,000 |
| cash flow from investments | -78,676,000 | 176,081,000 | -67,317,000 | -108,630,000 | 18,061,000 | -17,193,000 | 1,083,000 | 1,094,000 | -29,052,000 | -2,081,000 | -27,198,000 |
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -157,000 | -767,000 | -204,000 | 1,128,000 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -51,963,000 | -78,497,000 | 60,122,000 | -37,912,000 | -38,243,000 | -36,402,000 | -40,640,000 | 223,535,000 |
| Hire Purchase and Lease Commitments | -54,000 | -131,000 | -112,000 | -489,000 | -2,870,000 | 761,000 | -2,400,000 | -2,869,000 | 3,754,000 | -2,521,000 | 7,158,000 |
| other long term liabilities | 470,000 | 3,000 | -23,000 | -26,000 | 3,000 | 4,000 | -12,000 | 15,000 | -660,000 | 21,000 | 734,000 |
| share issue | |||||||||||
| interest | 4,154,000 | 1,120,000 | 5,705,000 | -1,283,000 | -3,272,000 | -4,688,000 | -6,800,000 | -8,390,000 | -15,237,000 | -11,971,000 | -9,949,000 |
| cash flow from financing | 1,080,000 | 648,000 | 3,735,000 | -55,623,000 | -66,413,000 | 57,866,000 | -50,828,000 | -51,593,000 | 54,300,000 | -59,631,000 | 289,221,000 |
| cash and cash equivalents | |||||||||||
| cash | -85,375,000 | 131,847,000 | -16,416,000 | -3,914,000 | -1,596,000 | 17,172,000 | 812,000 | 933,000 | 17,675,000 | -14,088,000 | 37,668,000 |
| overdraft | 0 | 0 | 0 | -13,513,000 | -723,000 | -11,833,000 | 1,185,000 | -2,969,000 | 10,022,000 | -12,545,000 | 30,376,000 |
| change in cash | -85,375,000 | 131,847,000 | -16,416,000 | 9,599,000 | -873,000 | 29,005,000 | -373,000 | 3,902,000 | 7,653,000 | -1,543,000 | 7,292,000 |
P&L
September 2022turnover
723.2m
+38%
operating profit
36.8m
+38%
gross margin
75.1%
+0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
307.2m
-0.1%
total assets
484.2m
-0.02%
cash
84.7m
-0.5%
net assets
Total assets minus all liabilities
betfred group holdings limited company details
company number
07717019
Type
Private limited with Share Capital
industry
92000 - Gambling and betting activities
incorporation date
July 2011
age
13
accounts
Group
ultimate parent company
previous names
betfred group limited (June 2023)
jcco 282 limited (September 2012)
incorporated
UK
address
the spectrum 56-58 benson road, birchwood, warrington, cheshire, WA3 7PQ
last accounts submitted
September 2022
betfred group holdings 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 betfred group holdings limited.
betfred group holdings limited Companies House Filings - See Documents
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