qatar racing limited
qatar racing limited Company Information
Company Number
08004485
Next Accounts
Sep 2025
Shareholders
qipco holdings
Group Structure
View All
Industry
Activities of racehorse owners
Registered Address
lushington house, 119 high street, newmarket, suffolk, CB8 9AE
Website
www.qatarracingltd.comqatar racing limited Estimated Valuation
Pomanda estimates the enterprise value of QATAR RACING LIMITED at £1.8m based on a Turnover of £15.1m and 0.12x industry multiple (adjusted for size and gross margin).
qatar racing limited Estimated Valuation
Pomanda estimates the enterprise value of QATAR RACING LIMITED at £0 based on an EBITDA of £-7m and a 0.56x industry multiple (adjusted for size and gross margin).
qatar racing limited Estimated Valuation
Pomanda estimates the enterprise value of QATAR RACING LIMITED at £0 based on Net Assets of £-85.8m and 1.88x industry multiple (adjusted for liquidity).
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Qatar Racing Limited Overview
Qatar Racing Limited is a live company located in newmarket, CB8 9AE with a Companies House number of 08004485. It operates in the activities of racehorse owners sector, SIC Code 93191. Founded in March 2012, it's largest shareholder is qipco holdings with a 100% stake. Qatar Racing Limited is a established, mid sized company, Pomanda has estimated its turnover at £15.1m with declining growth in recent years.
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Qatar Racing Limited Health Check
Pomanda's financial health check has awarded Qatar Racing Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £15.1m, make it larger than the average company (£647.5k)
£15.1m - Qatar Racing Limited
£647.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.8%)
-8% - Qatar Racing Limited
4.8% - Industry AVG
Production
with a gross margin of -44.1%, this company has a higher cost of product (-5.2%)
-44.1% - Qatar Racing Limited
-5.2% - Industry AVG
Profitability
an operating margin of -46.3% make it as profitable than the average company (-46.3%)
-46.3% - Qatar Racing Limited
-46.3% - Industry AVG
Employees
with 3 employees, this is above the industry average (2)
3 - Qatar Racing Limited
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Qatar Racing Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £5m, this is more efficient (£146k)
£5m - Qatar Racing Limited
£146k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (5 days)
62 days - Qatar Racing Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is close to average (4 days)
4 days - Qatar Racing Limited
4 days - Industry AVG
Stock Days
it holds stock equivalent to 325 days, this is in line with average (325 days)
325 days - Qatar Racing Limited
325 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (1 weeks)
0 weeks - Qatar Racing Limited
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 448.4%, this is a similar level of debt than the average (424.1%)
448.4% - Qatar Racing Limited
424.1% - Industry AVG
QATAR RACING LIMITED financials
Qatar Racing Limited's latest turnover from December 2023 is £15.1 million and the company has net assets of -£85.8 million. According to their latest financial statements, Qatar Racing Limited has 3 employees and maintains cash reserves of £1.5 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,105,271 | 10,533,945 | 5,958,816 | 19,294,203 | 5,422,827 | 42,492,220 | 7,796,034 | 6,767,398 | 16,019,812 | 5,588,385 | 9,351,843 | 827,552 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 21,765,972 | 15,810,291 | 15,760,259 | 18,501,181 | 13,876,240 | 19,121,108 | 18,912,664 | 17,308,192 | 35,881,480 | 12,746,866 | 21,803,828 | 4,186,266 |
| Gross Profit | -6,660,701 | -5,276,346 | -9,801,443 | 793,022 | -8,453,413 | 23,371,112 | -11,116,630 | -10,540,794 | -19,861,668 | -7,158,481 | -12,451,985 | -3,358,714 |
| Admin Expenses | 330,214 | -316,283 | 1,190,669 | 840,979 | 992,434 | 1,016,943 | 887,995 | 782,428 | 926,938 | 887,280 | 710,971 | 151,763 |
| Operating Profit | -6,990,915 | -4,960,063 | -10,992,112 | -47,957 | -9,445,847 | 22,354,169 | -12,004,625 | -11,323,222 | -20,788,606 | -8,045,761 | -13,162,956 | -3,510,477 |
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | -6,990,915 | -4,960,063 | -10,992,112 | -47,957 | -9,445,847 | 22,354,169 | -12,004,625 | -11,323,222 | -20,788,606 | -8,045,761 | -13,162,956 | -3,510,477 |
| Tax | ||||||||||||
| Profit After Tax | -6,990,915 | -4,960,063 | -10,992,112 | -47,957 | -9,445,847 | 22,354,169 | -12,004,625 | -11,323,222 | -20,788,606 | -8,045,761 | -13,162,956 | -3,510,477 |
| Dividends Paid | ||||||||||||
| Retained Profit | -6,990,915 | -4,960,063 | -10,992,112 | -47,957 | -9,445,847 | 22,354,169 | -12,004,625 | -11,323,222 | -20,788,606 | -8,045,761 | -13,162,956 | -3,510,477 |
| Employee Costs | 22,800 | 22,800 | ||||||||||
| Number Of Employees | 3 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
| EBITDA* | -6,964,782 | -4,930,854 | -10,962,904 | -18,910 | -9,421,204 | 22,374,165 | -11,985,160 | -11,307,600 | -20,774,906 | -8,034,317 | -13,162,956 | -3,510,477 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 87,702 | 64,689 | 93,898 | 123,106 | 119,213 | 111,449 | 69,534 | 88,999 | 66,189 | 79,889 | ||
| Intangible Assets | ||||||||||||
| Investments & Other | 75,050 | 75,050 | 75,050 | |||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 162,752 | 139,739 | 168,948 | 123,106 | 119,213 | 111,449 | 69,534 | 88,999 | 66,189 | 79,889 | ||
| Stock & work in progress | 19,426,480 | 14,099,495 | 13,770,417 | 16,208,296 | 16,929,181 | 13,366,332 | 18,812,309 | 22,739,675 | 20,533,373 | 37,336,148 | 18,912,405 | 13,796,505 |
| Trade Debtors | 2,599,789 | 145,529 | 228,599 | 618 | 245,425 | 196,190 | 27,023 | 189,405 | 1,045,955 | 749,724 | 530,318 | 10,800 |
| Group Debtors | 74,983 | 224,841 | 127,798 | 245,494 | 94,711 | 12,837,656 | 138,400 | 105,172 | 192,859 | 204,076 | 713,689 | 2,436,881 |
| Misc Debtors | 839,210 | 491,681 | 317,140 | 715,666 | 156,678 | 982,408 | 919,690 | 1,433,552 | 661,166 | 2,131,152 | 508,849 | 68,056 |
| Cash | 1,540,141 | 2,060,808 | 1,080,096 | 1,343,812 | 535,913 | 812,249 | 1,308,081 | 615,334 | 437,088 | 352,545 | 746,867 | 119,182 |
| misc current assets | ||||||||||||
| total current assets | 24,480,603 | 17,022,354 | 15,524,050 | 18,513,886 | 17,961,908 | 28,194,835 | 21,205,503 | 25,083,138 | 22,870,441 | 40,773,645 | 21,412,128 | 16,431,424 |
| total assets | 24,643,355 | 17,162,093 | 15,692,998 | 18,636,992 | 18,081,121 | 28,306,284 | 21,275,037 | 25,172,137 | 22,936,630 | 40,853,534 | 21,412,128 | 16,431,424 |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 267,501 | 197,084 | 247,265 | 1,973,386 | 249,930 | 2,228,662 | 1,867,919 | 1,644,086 | 641,390 | 1,977,670 | 1,444,603 | 632,545 |
| Group/Directors Accounts | 109,532,437 | 95,417,015 | 89,065,888 | 79,240,290 | 80,181,916 | 79,177,039 | 88,052,931 | 80,213,018 | 66,931,813 | 61,667,241 | 1,032,338 | 3,301,856 |
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 688,666 | 217,022 | 88,810 | 140,169 | 318,171 | 123,632 | 189,734 | 145,955 | 871,127 | 1,927,717 | 7,500 | 7,500 |
| total current liabilities | 110,488,604 | 95,831,121 | 89,401,963 | 81,353,845 | 80,750,017 | 81,529,333 | 90,110,584 | 82,003,059 | 68,444,330 | 65,572,628 | 2,484,441 | 3,941,901 |
| loans | 35,601,020 | 15,999,900 | ||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | 35,601,020 | 15,999,900 | ||||||||||
| total liabilities | 110,488,604 | 95,831,121 | 89,401,963 | 81,353,845 | 80,750,017 | 81,529,333 | 90,110,584 | 82,003,059 | 68,444,330 | 65,572,628 | 38,085,461 | 19,941,801 |
| net assets | -85,845,249 | -78,669,028 | -73,708,965 | -62,716,853 | -62,668,896 | -53,223,049 | -68,835,547 | -56,830,922 | -45,507,700 | -24,719,094 | -16,673,333 | -3,510,377 |
| total shareholders funds | -85,845,249 | -78,669,028 | -73,708,965 | -62,716,853 | -62,668,896 | -53,223,049 | -68,835,547 | -56,830,922 | -45,507,700 | -24,719,094 | -16,673,333 | -3,510,377 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -6,990,915 | -4,960,063 | -10,992,112 | -47,957 | -9,445,847 | 22,354,169 | -12,004,625 | -11,323,222 | -20,788,606 | -8,045,761 | -13,162,956 | -3,510,477 |
| Depreciation | 26,133 | 29,209 | 29,208 | 29,047 | 24,643 | 19,996 | 19,465 | 15,622 | 13,700 | 11,444 | ||
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | 5,326,985 | 329,078 | -2,437,879 | -720,885 | 3,562,849 | -5,445,977 | -3,927,366 | 2,206,302 | -16,802,775 | 18,423,743 | 5,115,900 | 13,796,505 |
| Debtors | 2,651,931 | 188,514 | -288,241 | 464,964 | -13,519,440 | 12,931,141 | -643,016 | -171,851 | -1,184,972 | 1,332,096 | -762,881 | 2,515,737 |
| Creditors | 70,417 | -50,181 | -1,726,121 | 1,723,456 | -1,978,732 | 360,743 | 223,833 | 1,002,696 | -1,336,280 | 533,067 | 812,058 | 632,545 |
| Accruals and Deferred Income | 471,644 | 128,212 | -51,359 | -178,002 | 194,539 | -66,102 | 43,779 | -725,172 | -1,056,590 | 1,920,217 | 7,500 | |
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | -14,401,637 | -5,370,415 | -10,014,264 | 1,782,465 | -1,248,806 | 15,183,642 | -7,147,166 | -13,064,527 | -5,180,029 | -25,336,872 | -16,703,917 | -19,182,674 |
| Investing Activities | ||||||||||||
| capital expenditure | -63,459 | |||||||||||
| Change in Investments | 75,050 | |||||||||||
| cash flow from investments | -75,050 | -63,459 | ||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 14,115,422 | 6,351,127 | 9,825,598 | -941,626 | 1,004,877 | -8,875,892 | 7,839,913 | 13,281,205 | 5,264,572 | 60,634,903 | -2,269,518 | 3,301,856 |
| Other Short Term Loans | ||||||||||||
| Long term loans | -35,601,020 | 19,601,120 | 15,999,900 | |||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | 13,930,116 | 6,351,127 | 9,825,598 | -941,626 | 1,004,877 | -15,617,563 | 7,839,913 | 13,281,205 | 5,264,572 | 25,033,883 | 17,331,602 | 19,301,856 |
| cash and cash equivalents | ||||||||||||
| cash | -520,667 | 980,712 | -263,716 | 807,899 | -276,336 | -495,832 | 692,747 | 178,246 | 84,543 | -394,322 | 627,685 | 119,182 |
| overdraft | ||||||||||||
| change in cash | -520,667 | 980,712 | -263,716 | 807,899 | -276,336 | -495,832 | 692,747 | 178,246 | 84,543 | -394,322 | 627,685 | 119,182 |
qatar racing limited Credit Report and Business Information
Qatar Racing Limited Competitor Analysis
Perform a competitor analysis for qatar racing limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mid companies, companies in CB8 area or any other competitors across 12 key performance metrics.
qatar racing limited Ownership
QATAR RACING LIMITED group structure
Qatar Racing Limited has no subsidiary companies.
Ultimate parent company
QATAR RACING LIMITED
08004485
qatar racing limited directors
Qatar Racing Limited currently has 3 directors. The longest serving directors include Mr David Redvers (Mar 2012) and Sheikh Fahad Al Thani (May 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Redvers | 54 years | Mar 2012 | - | Director | |
| Sheikh Fahad Al Thani | England | 35 years | May 2012 | - | Director |
| Mr Kareem Altaji | England | 58 years | Sep 2012 | - | Director |
P&L
December 2023turnover
15.1m
+43%
operating profit
-7m
+41%
gross margin
-44%
-11.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-85.8m
+0.09%
total assets
24.6m
+0.44%
cash
1.5m
-0.25%
net assets
Total assets minus all liabilities
qatar racing limited company details
company number
08004485
Type
Private limited with Share Capital
industry
93191 - Activities of racehorse owners
incorporation date
March 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
LOVEWELL BLAKE LLP
address
lushington house, 119 high street, newmarket, suffolk, CB8 9AE
Bank
WEATHERBYS BANK LIMITED
Legal Advisor
-
qatar racing 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 qatar racing limited.
qatar racing limited Capital Raised & Share Issues BETA
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qatar racing limited Companies House Filings - See Documents
| date | description | view/download |
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