rac group (holdings) limited
rac group (holdings) limited Company Information
Company Number
09229561
Next Accounts
Sep 2025
Shareholders
orange bidco limited
sphinx investment pte ltd
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
rac house brockhurst crescent, walsall, west midlands, WS5 4AW
Website
rac.co.ukrac group (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of RAC GROUP (HOLDINGS) LIMITED at £1.8b based on a Turnover of £720m and 2.44x industry multiple (adjusted for size and gross margin).
rac group (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of RAC GROUP (HOLDINGS) LIMITED at £2.7b based on an EBITDA of £265m and a 10.2x industry multiple (adjusted for size and gross margin).
rac group (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of RAC GROUP (HOLDINGS) LIMITED at £0 based on Net Assets of £-69m and 1.31x industry multiple (adjusted for liquidity).
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Rac Group (holdings) Limited Overview
Rac Group (holdings) Limited is a live company located in west midlands, WS5 4AW with a Companies House number of 09229561. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2014, it's largest shareholder is orange bidco limited with a 42.5% stake. Rac Group (holdings) Limited is a established, mega sized company, Pomanda has estimated its turnover at £720m with healthy growth in recent years.
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Rac Group (holdings) Limited Health Check
Pomanda's financial health check has awarded Rac Group (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £720m, make it larger than the average company (£18.9m)
£720m - Rac Group (holdings) Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.5%)
5% - Rac Group (holdings) Limited
10.5% - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)
36.3% - Rac Group (holdings) Limited
36.3% - Industry AVG
Profitability
an operating margin of 27.4% make it more profitable than the average company (4.5%)
27.4% - Rac Group (holdings) Limited
4.5% - Industry AVG
Employees
with 4035 employees, this is above the industry average (104)
4035 - Rac Group (holdings) Limited
104 - Industry AVG
Pay Structure
on an average salary of £46.8k, the company has an equivalent pay structure (£44.7k)
£46.8k - Rac Group (holdings) Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £178.4k, this is equally as efficient (£191k)
£178.4k - Rac Group (holdings) Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (45 days)
7 days - Rac Group (holdings) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (44 days)
97 days - Rac Group (holdings) Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (40 days)
2 days - Rac Group (holdings) Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (14 weeks)
30 weeks - Rac Group (holdings) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.4%, this is a higher level of debt than the average (69.7%)
103.4% - Rac Group (holdings) Limited
69.7% - Industry AVG
RAC GROUP (HOLDINGS) LIMITED financials
Rac Group (Holdings) Limited's latest turnover from December 2023 is £720 million and the company has net assets of -£69 million. According to their latest financial statements, Rac Group (Holdings) Limited has 4,035 employees and maintains cash reserves of £119 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 720,000,000 | 659,000,000 | 632,000,000 | 624,000,000 | 631,000,000 | 592,000,000 | 558,000,000 | 507,000,000 | 501,000,000 | 19,000,000 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 280,000,000 | 295,000,000 | 313,000,000 | 298,000,000 | 279,000,000 | 230,000,000 | 215,000,000 | 8,000,000 | ||
| Gross Profit | 352,000,000 | 329,000,000 | 318,000,000 | 294,000,000 | 279,000,000 | 277,000,000 | 286,000,000 | 11,000,000 | ||
| Admin Expenses | 217,000,000 | 203,000,000 | 217,000,000 | 214,000,000 | 248,000,000 | 210,000,000 | 292,000,000 | 24,000,000 | ||
| Operating Profit | 197,000,000 | -55,000,000 | 135,000,000 | 126,000,000 | 101,000,000 | 80,000,000 | 31,000,000 | 67,000,000 | -6,000,000 | -13,000,000 |
| Interest Payable | 89,000,000 | 112,000,000 | 196,000,000 | 183,000,000 | 174,000,000 | 180,000,000 | 246,000,000 | 187,000,000 | 8,000,000 | |
| Interest Receivable | 3,000,000 | 1,000,000 | 2,000,000 | |||||||
| Pre-Tax Profit | 111,000,000 | -167,000,000 | -61,000,000 | -64,000,000 | -81,000,000 | -94,000,000 | -147,000,000 | -179,000,000 | -193,000,000 | -21,000,000 |
| Tax | -25,000,000 | -4,000,000 | -61,000,000 | -32,000,000 | 3,000,000 | -3,000,000 | 28,000,000 | 45,000,000 | 1,000,000 | |
| Profit After Tax | 86,000,000 | -171,000,000 | -122,000,000 | -96,000,000 | -78,000,000 | -97,000,000 | -147,000,000 | -151,000,000 | -148,000,000 | -20,000,000 |
| Dividends Paid | ||||||||||
| Retained Profit | 86,000,000 | -171,000,000 | -122,000,000 | -96,000,000 | -78,000,000 | -97,000,000 | -147,000,000 | -151,000,000 | -148,000,000 | -20,000,000 |
| Employee Costs | 189,000,000 | 174,000,000 | 166,000,000 | 166,000,000 | 171,000,000 | 160,000,000 | 152,000,000 | 148,000,000 | 145,000,000 | 6,000,000 |
| Number Of Employees | 4,035 | 3,968 | 3,831 | 3,745 | 3,620 | 3,658 | 3,699 | 3,466 | 3,438 | 3,417 |
| EBITDA* | 265,000,000 | 62,000,000 | 249,000,000 | 240,000,000 | 212,000,000 | 189,000,000 | 138,000,000 | 171,000,000 | 179,000,000 | -2,000,000 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 104,000,000 | 108,000,000 | 116,000,000 | 151,000,000 | 155,000,000 | 134,000,000 | 33,000,000 | 26,000,000 | 24,000,000 | 22,000,000 |
| Intangible Assets | 1,726,000,000 | 1,704,000,000 | 1,892,000,000 | 1,914,000,000 | 1,974,000,000 | 2,046,000,000 | 2,139,000,000 | 2,247,000,000 | 2,300,000,000 | 2,453,000,000 |
| Investments & Other | 15,000,000 | 26,000,000 | 29,000,000 | |||||||
| Debtors (Due After 1 year) | 59,000,000 | 50,000,000 | 15,000,000 | 12,000,000 | 17,000,000 | |||||
| Total Fixed Assets | 1,830,000,000 | 1,812,000,000 | 1,998,000,000 | 2,053,000,000 | 2,112,000,000 | 2,180,000,000 | 2,172,000,000 | 2,273,000,000 | 2,324,000,000 | 2,475,000,000 |
| Stock & work in progress | 3,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 |
| Trade Debtors | 14,000,000 | 10,000,000 | 26,000,000 | 14,000,000 | 13,000,000 | 17,000,000 | 50,000,000 | 42,000,000 | 37,000,000 | 32,000,000 |
| Group Debtors | 11,000,000 | 6,000,000 | ||||||||
| Misc Debtors | 30,000,000 | 22,000,000 | 23,000,000 | 26,000,000 | 35,000,000 | 29,000,000 | 28,000,000 | 22,000,000 | 21,000,000 | 24,000,000 |
| Cash | 119,000,000 | 138,000,000 | 459,000,000 | 107,000,000 | 98,000,000 | 96,000,000 | 91,000,000 | 85,000,000 | 88,000,000 | 54,000,000 |
| misc current assets | ||||||||||
| total current assets | 177,000,000 | 179,000,000 | 511,000,000 | 151,000,000 | 148,000,000 | 144,000,000 | 171,000,000 | 151,000,000 | 149,000,000 | 112,000,000 |
| total assets | 2,007,000,000 | 1,991,000,000 | 2,509,000,000 | 2,204,000,000 | 2,260,000,000 | 2,324,000,000 | 2,343,000,000 | 2,424,000,000 | 2,473,000,000 | 2,587,000,000 |
| Bank overdraft | 8,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 7,000,000 | 13,000,000 | 10,000,000 | |||
| Bank loan | ||||||||||
| Trade Creditors | 123,000,000 | 112,000,000 | 43,000,000 | 52,000,000 | 62,000,000 | 53,000,000 | 228,000,000 | 50,000,000 | 49,000,000 | |
| Group/Directors Accounts | ||||||||||
| other short term finances | 12,000,000 | 310,000,000 | 10,000,000 | |||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 70,000,000 | 76,000,000 | 214,000,000 | 200,000,000 | 191,000,000 | 252,000,000 | 230,000,000 | 29,000,000 | 212,000,000 | 226,000,000 |
| total current liabilities | 205,000,000 | 498,000,000 | 267,000,000 | 260,000,000 | 262,000,000 | 261,000,000 | 292,000,000 | 264,000,000 | 275,000,000 | 285,000,000 |
| loans | 3,178,000,000 | 2,716,000,000 | 5,590,000,000 | 4,827,000,000 | 4,741,000,000 | 4,670,000,000 | 4,556,000,000 | 4,451,000,000 | 4,204,000,000 | 4,009,000,000 |
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 72,000,000 | 66,000,000 | 60,000,000 | 60,000,000 | 65,000,000 | 73,000,000 | 3,000,000 | 11,000,000 | 3,000,000 | 4,000,000 |
| provisions | 420,000,000 | 432,000,000 | 438,000,000 | 374,000,000 | 360,000,000 | 386,000,000 | 416,000,000 | 446,000,000 | 500,000,000 | 614,000,000 |
| total long term liabilities | 1,871,000,000 | 1,640,000,000 | 3,076,000,000 | 2,663,000,000 | 2,618,000,000 | 2,604,000,000 | 2,494,000,000 | 2,467,000,000 | 2,360,000,000 | 2,320,000,000 |
| total liabilities | 2,076,000,000 | 2,138,000,000 | 3,343,000,000 | 2,923,000,000 | 2,880,000,000 | 2,865,000,000 | 2,786,000,000 | 2,731,000,000 | 2,635,000,000 | 2,605,000,000 |
| net assets | -69,000,000 | -147,000,000 | -834,000,000 | -719,000,000 | -620,000,000 | -541,000,000 | -443,000,000 | -307,000,000 | -162,000,000 | -18,000,000 |
| total shareholders funds | -69,000,000 | -147,000,000 | -834,000,000 | -719,000,000 | -620,000,000 | -541,000,000 | -443,000,000 | -307,000,000 | -162,000,000 | -18,000,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 197,000,000 | -55,000,000 | 135,000,000 | 126,000,000 | 101,000,000 | 80,000,000 | 31,000,000 | 67,000,000 | -6,000,000 | -13,000,000 |
| Depreciation | 10,000,000 | 7,000,000 | 19,000,000 | 19,000,000 | 18,000,000 | 5,000,000 | 5,000,000 | 2,000,000 | 4,000,000 | |
| Amortisation | 58,000,000 | 110,000,000 | 95,000,000 | 95,000,000 | 93,000,000 | 104,000,000 | 102,000,000 | 102,000,000 | 181,000,000 | 11,000,000 |
| Tax | -25,000,000 | -4,000,000 | -61,000,000 | -32,000,000 | 3,000,000 | -3,000,000 | 28,000,000 | 45,000,000 | 1,000,000 | |
| Stock | 1,000,000 | -1,000,000 | -1,000,000 | 2,000,000 | -1,000,000 | 1,000,000 | 2,000,000 | |||
| Debtors | 26,000,000 | 24,000,000 | 12,000,000 | -13,000,000 | 19,000,000 | -32,000,000 | 14,000,000 | 6,000,000 | 2,000,000 | 56,000,000 |
| Creditors | 11,000,000 | 69,000,000 | -9,000,000 | -10,000,000 | 62,000,000 | -53,000,000 | -175,000,000 | 178,000,000 | 1,000,000 | 49,000,000 |
| Accruals and Deferred Income | -6,000,000 | -138,000,000 | 14,000,000 | 9,000,000 | -61,000,000 | 22,000,000 | 201,000,000 | -183,000,000 | -14,000,000 | 226,000,000 |
| Deferred Taxes & Provisions | -12,000,000 | -6,000,000 | 64,000,000 | 14,000,000 | -26,000,000 | -30,000,000 | -30,000,000 | -54,000,000 | -114,000,000 | 614,000,000 |
| Cash flow from operations | 206,000,000 | -40,000,000 | 246,000,000 | 232,000,000 | 171,000,000 | 157,000,000 | 120,000,000 | 135,000,000 | 94,000,000 | 830,000,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -11,000,000 | 26,000,000 | -29,000,000 | 29,000,000 | ||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | -298,000,000 | 300,000,000 | 10,000,000 | |||||||
| Long term loans | 462,000,000 | -2,874,000,000 | 763,000,000 | 86,000,000 | 71,000,000 | 114,000,000 | 105,000,000 | 247,000,000 | 195,000,000 | 4,009,000,000 |
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | 6,000,000 | 6,000,000 | -5,000,000 | -8,000,000 | 70,000,000 | -8,000,000 | 8,000,000 | -1,000,000 | 4,000,000 | |
| share issue | ||||||||||
| interest | -86,000,000 | -112,000,000 | -196,000,000 | -182,000,000 | -174,000,000 | -178,000,000 | -246,000,000 | -187,000,000 | -8,000,000 | |
| cash flow from financing | 76,000,000 | -1,822,000,000 | 584,000,000 | 78,000,000 | -120,000,000 | 9,000,000 | -70,000,000 | 15,000,000 | 11,000,000 | 4,007,000,000 |
| cash and cash equivalents | ||||||||||
| cash | -19,000,000 | -321,000,000 | 352,000,000 | 9,000,000 | 2,000,000 | 5,000,000 | 6,000,000 | -3,000,000 | 34,000,000 | 54,000,000 |
| overdraft | -8,000,000 | -1,000,000 | 2,000,000 | -6,000,000 | 3,000,000 | 10,000,000 | ||||
| change in cash | -19,000,000 | -321,000,000 | 360,000,000 | 10,000,000 | 2,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 31,000,000 | 44,000,000 |
rac group (holdings) limited Credit Report and Business Information
Rac Group (holdings) Limited Competitor Analysis
Perform a competitor analysis for rac group (holdings) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in WS5 area or any other competitors across 12 key performance metrics.
rac group (holdings) limited Ownership
RAC GROUP (HOLDINGS) LIMITED group structure
Rac Group (Holdings) Limited has 1 subsidiary company.
rac group (holdings) limited directors
Rac Group (Holdings) Limited currently has 16 directors. The longest serving directors include Mr Paul Newcombe (Sep 2014) and Mr Gregory Wood (Dec 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Newcombe | United Kingdom | 59 years | Sep 2014 | - | Director |
| Mr Gregory Wood | England | 71 years | Dec 2014 | - | Director |
| Mr Robert Templeman | 67 years | Dec 2014 | - | Director | |
| Mr Robin Hooper | United Kingdom | 51 years | Apr 2016 | - | Director |
| Mr Timothy Gallico | United Kingdom | 46 years | Apr 2016 | - | Director |
| Mr David Hobday | 56 years | Mar 2017 | - | Director | |
| Ms Joanna Baker | 51 years | Jul 2018 | - | Director | |
| Mr Simon Fox | 64 years | Nov 2019 | - | Director | |
| Mr Simon Fox | England | 64 years | Nov 2019 | - | Director |
| Mr Patrick Gale | United Kingdom | 65 years | Dec 2020 | - | Director |
P&L
December 2023turnover
720m
+9%
operating profit
197m
-458%
gross margin
36.4%
+0.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-69m
-0.53%
total assets
2b
+0.01%
cash
119m
-0.14%
net assets
Total assets minus all liabilities
rac group (holdings) limited company details
company number
09229561
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
September 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
nelson topco limited (December 2014)
accountant
-
auditor
DELOITTE LLP
address
rac house brockhurst crescent, walsall, west midlands, WS5 4AW
Bank
-
Legal Advisor
-
rac 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 rac group (holdings) limited.
rac group (holdings) limited 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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rac group (holdings) limited Companies House Filings - See Documents
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