the race centre (halifax) ltd
the race centre (halifax) ltd Company Information
Company Number
08425564
Next Accounts
Sep 2025
Shareholders
george ioannou
paul anthony ioannou
View AllGroup Structure
View All
Industry
Activities of sport clubs
Registered Address
halifax snooker club, 74 commercial street, halifax, HX1 2JE
Website
www.theracecentre.co.ukthe race centre (halifax) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RACE CENTRE (HALIFAX) LTD at £5.4m based on a Turnover of £4.3m and 1.26x industry multiple (adjusted for size and gross margin).
the race centre (halifax) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RACE CENTRE (HALIFAX) LTD at £994.4k based on an EBITDA of £286k and a 3.48x industry multiple (adjusted for size and gross margin).
the race centre (halifax) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RACE CENTRE (HALIFAX) LTD at £1.1m based on Net Assets of £617.8k and 1.77x industry multiple (adjusted for liquidity).
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The Race Centre (halifax) Ltd Overview
The Race Centre (halifax) Ltd is a live company located in halifax, HX1 2JE with a Companies House number of 08425564. It operates in the activities of sport clubs sector, SIC Code 93120. Founded in March 2013, it's largest shareholder is george ioannou with a 25% stake. The Race Centre (halifax) Ltd is a established, small sized company, Pomanda has estimated its turnover at £4.3m with rapid growth in recent years.
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The Race Centre (halifax) Ltd Health Check
Pomanda's financial health check has awarded The Race Centre (Halifax) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £4.3m, make it larger than the average company (£392.6k)
- The Race Centre (halifax) Ltd
£392.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 68%, show it is growing at a faster rate (11.5%)
- The Race Centre (halifax) Ltd
11.5% - Industry AVG
Production
with a gross margin of 60.7%, this company has a comparable cost of product (60.7%)
- The Race Centre (halifax) Ltd
60.7% - Industry AVG
Profitability
an operating margin of 5.1% make it more profitable than the average company (0.4%)
- The Race Centre (halifax) Ltd
0.4% - Industry AVG
Employees
with 40 employees, this is above the industry average (17)
40 - The Race Centre (halifax) Ltd
17 - Industry AVG
Pay Structure
on an average salary of £22.8k, the company has an equivalent pay structure (£22.8k)
- The Race Centre (halifax) Ltd
£22.8k - Industry AVG
Efficiency
resulting in sales per employee of £108.1k, this is more efficient (£52.5k)
- The Race Centre (halifax) Ltd
£52.5k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (13 days)
- The Race Centre (halifax) Ltd
13 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (41 days)
- The Race Centre (halifax) Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Race Centre (halifax) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (63 weeks)
19 weeks - The Race Centre (halifax) Ltd
63 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.6%, this is a lower level of debt than the average (39.5%)
30.6% - The Race Centre (halifax) Ltd
39.5% - Industry AVG
THE RACE CENTRE (HALIFAX) LTD financials
The Race Centre (Halifax) Ltd's latest turnover from December 2023 is estimated at £4.3 million and the company has net assets of £617.8 thousand. According to their latest financial statements, The Race Centre (Halifax) Ltd has 40 employees and maintains cash reserves of £78.4 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 40 | 40 | 32 | 27 | 7 | 7 | 7 | 7 | 7 | ||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 445,683 | 277,367 | 66,981 | 30,487 | |||||||
| Intangible Assets | 36,956 | 42,820 | 48,684 | 7,250 | |||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 482,639 | 320,187 | 115,665 | 37,737 | |||||||
| Stock & work in progress | |||||||||||
| Trade Debtors | 329,068 | 129,253 | 1,200 | 1,200 | 15,367 | ||||||
| Group Debtors | |||||||||||
| Misc Debtors | 82,793 | 53,101 | 64,842 | 85,204 | 44,873 | 50,038 | 30,100 | ||||
| Cash | 78,436 | 159,499 | 176,828 | 52,078 | 9,740 | 7,378 | 34,732 | 4,670 | 12,911 | 27,012 | 9,024 |
| misc current assets | |||||||||||
| total current assets | 407,504 | 288,752 | 259,621 | 105,179 | 74,582 | 93,782 | 80,805 | 54,708 | 43,011 | 42,379 | 9,024 |
| total assets | 890,143 | 608,939 | 375,286 | 142,916 | 74,582 | 93,782 | 80,805 | 54,708 | 43,011 | 42,379 | 9,024 |
| Bank overdraft | 4,644 | ||||||||||
| Bank loan | 2,792 | ||||||||||
| Trade Creditors | 204,374 | 122,921 | 17,441 | 6,319 | 771 | 1,320 | 240 | 10,297 | 5,325 | ||
| Group/Directors Accounts | |||||||||||
| other short term finances | 18,250 | 18,250 | |||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 104,377 | 13,280 | 3,175 | 7,570 | 8,215 | 2,551 | 2,138 | ||||
| total current liabilities | 204,374 | 122,921 | 142,860 | 37,849 | 3,946 | 12,214 | 8,215 | 3,871 | 2,378 | 10,297 | 5,325 |
| loans | 67,932 | 34,973 | 55,761 | 78,394 | |||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 67,932 | 34,973 | 55,761 | 78,394 | |||||||
| total liabilities | 272,306 | 157,894 | 198,621 | 116,243 | 3,946 | 12,214 | 8,215 | 3,871 | 2,378 | 10,297 | 5,325 |
| net assets | 617,837 | 451,045 | 176,665 | 26,673 | 70,636 | 81,568 | 72,590 | 50,837 | 40,633 | 32,082 | 3,699 |
| total shareholders funds | 617,837 | 451,045 | 176,665 | 26,673 | 70,636 | 81,568 | 72,590 | 50,837 | 40,633 | 32,082 | 3,699 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 58,156 | 35,072 | 8,700 | 1,900 | |||||||
| Amortisation | 5,864 | 5,864 | 9,242 | 250 | |||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | 199,815 | 46,460 | 29,692 | -11,741 | -21,562 | 40,331 | -3,965 | 19,938 | 14,733 | 15,367 | |
| Creditors | 81,453 | 105,480 | 11,122 | 5,548 | 771 | -1,320 | 1,080 | -10,057 | 4,972 | 5,325 | |
| Accruals and Deferred Income | -104,377 | 91,097 | 10,105 | -4,395 | -645 | 5,664 | 413 | 2,138 | |||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | -2,792 | 2,792 | |||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | -18,250 | 18,250 | |||||||||
| Long term loans | 32,959 | -20,788 | -22,633 | 78,394 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -81,063 | -17,329 | 124,750 | 42,338 | 2,362 | -27,354 | 30,062 | -8,241 | -14,101 | 17,988 | 9,024 |
| overdraft | -4,644 | 4,644 | |||||||||
| change in cash | -81,063 | -17,329 | 124,750 | 42,338 | 7,006 | -31,998 | 30,062 | -8,241 | -14,101 | 17,988 | 9,024 |
the race centre (halifax) ltd Credit Report and Business Information
The Race Centre (halifax) Ltd Competitor Analysis
Perform a competitor analysis for the race centre (halifax) ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in HX1 area or any other competitors across 12 key performance metrics.
the race centre (halifax) ltd Ownership
THE RACE CENTRE (HALIFAX) LTD group structure
The Race Centre (Halifax) Ltd has no subsidiary companies.
Ultimate parent company
THE RACE CENTRE (HALIFAX) LTD
08425564
the race centre (halifax) ltd directors
The Race Centre (Halifax) Ltd currently has 4 directors. The longest serving directors include Mr George Ioannou (Mar 2013) and Mr Paul Ioannou (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Ioannou | England | 64 years | Mar 2013 | - | Director |
| Mr Paul Ioannou | England | 68 years | Mar 2013 | - | Director |
| Mr Michael Ioannou | England | 66 years | Mar 2013 | - | Director |
| Mr Anthony Ioannou | England | 62 years | Mar 2013 | - | Director |
P&L
December 2023turnover
4.3m
+79%
operating profit
221.9k
0%
gross margin
60.8%
-1.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
617.8k
+0.37%
total assets
890.1k
+0.46%
cash
78.4k
-0.51%
net assets
Total assets minus all liabilities
the race centre (halifax) ltd company details
company number
08425564
Type
Private limited with Share Capital
industry
93120 - Activities of sport clubs
incorporation date
March 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
halifax snooker club, 74 commercial street, halifax, HX1 2JE
Bank
-
Legal Advisor
-
the race centre (halifax) ltd 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 the race centre (halifax) ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
the race centre (halifax) ltd 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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the race centre (halifax) ltd Companies House Filings - See Documents
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