optimum racing ltd
optimum racing ltd Company Information
Company Number
09658005
Next Accounts
Mar 2026
Directors
Shareholders
shaun david goff
fiona goff
Group Structure
View All
Industry
Maintenance and repair of motor vehicles
+1Registered Address
12b high line house forge lane, horbury, wakefield, west yorkshire, WF4 5EH
Website
https://optimumracing.co.ukoptimum racing ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM RACING LTD at £1.9m based on a Turnover of £4.7m and 0.4x industry multiple (adjusted for size and gross margin).
optimum racing ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM RACING LTD at £6.1m based on an EBITDA of £1.5m and a 4.06x industry multiple (adjusted for size and gross margin).
optimum racing ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM RACING LTD at £5.3m based on Net Assets of £2.1m and 2.5x industry multiple (adjusted for liquidity).
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Optimum Racing Ltd Overview
Optimum Racing Ltd is a live company located in wakefield, WF4 5EH with a Companies House number of 09658005. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in June 2015, it's largest shareholder is shaun david goff with a 50% stake. Optimum Racing Ltd is a established, small sized company, Pomanda has estimated its turnover at £4.7m with rapid growth in recent years.
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Optimum Racing Ltd Health Check
Pomanda's financial health check has awarded Optimum Racing Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £4.7m, make it in line with the average company (£5.5m)
- Optimum Racing Ltd
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (13.3%)
- Optimum Racing Ltd
13.3% - Industry AVG
Production
with a gross margin of 31.1%, this company has a comparable cost of product (31.1%)
- Optimum Racing Ltd
31.1% - Industry AVG
Profitability
an operating margin of 14.4% make it more profitable than the average company (5.7%)
- Optimum Racing Ltd
5.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (25)
15 - Optimum Racing Ltd
25 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£39.2k)
- Optimum Racing Ltd
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £312k, this is more efficient (£168.3k)
- Optimum Racing Ltd
£168.3k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (39 days)
- Optimum Racing Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (38 days)
- Optimum Racing Ltd
38 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is in line with average (14 days)
- Optimum Racing Ltd
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Optimum Racing Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.1%, this is a lower level of debt than the average (62.9%)
46.1% - Optimum Racing Ltd
62.9% - Industry AVG
OPTIMUM RACING LTD financials
Optimum Racing Ltd's latest turnover from June 2024 is estimated at £4.7 million and the company has net assets of £2.1 million. According to their latest financial statements, Optimum Racing Ltd has 15 employees and maintains cash reserves of £96.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 15 | 15 | 6 | 6 | 6 | 3 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,887,075 | 2,573,242 | 549,142 | 428,909 | 371,751 | 275,213 | 203,341 | 200,974 | 160,183 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 2,887,075 | 2,573,242 | 549,142 | 428,909 | 371,751 | 275,213 | 203,341 | 200,974 | 160,183 |
| Stock & work in progress | 136,000 | 28,500 | 41,020 | 38,040 | 38,040 | 21,000 | 8,000 | ||
| Trade Debtors | 800,027 | 877,875 | 383,490 | 229,609 | 495,192 | 17,617 | 148,980 | 60,518 | |
| Group Debtors | |||||||||
| Misc Debtors | 821,701 | 705,206 | 1,314 | 182,416 | 13,985 | 25,169 | 2,338 | ||
| Cash | 96,183 | 40,739 | 60,530 | 167,463 | 155,832 | 10,384 | 53,244 | 30,914 | 113,181 |
| misc current assets | 1 | ||||||||
| total current assets | 1,032,211 | 947,114 | 1,306,741 | 1,140,318 | 652,338 | 230,840 | 105,846 | 213,063 | 176,037 |
| total assets | 3,919,286 | 3,520,356 | 1,855,883 | 1,569,227 | 1,024,089 | 506,053 | 309,187 | 414,037 | 336,220 |
| Bank overdraft | 15,925 | 14,114 | |||||||
| Bank loan | |||||||||
| Trade Creditors | 736,650 | 478,709 | 366,728 | 424,002 | 41,243 | 195,341 | 54,225 | 108,387 | 39,471 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | 16,623 | 25,553 | 68,466 | 52,500 | 114,604 | 63,988 | |||
| other current liabilities | 79,695 | 124,625 | 281,771 | 214,068 | 351,352 | 33,377 | 21,443 | 123,903 | 86,508 |
| total current liabilities | 848,893 | 643,001 | 716,965 | 690,570 | 507,199 | 292,706 | 75,668 | 232,290 | 125,979 |
| loans | 801,620 | 505,799 | |||||||
| hp & lease commitments | 62,685 | ||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 155,555 | 708,889 | 52,500 | 195,565 | 87,607 | 188,520 | |||
| provisions | |||||||||
| total long term liabilities | 957,175 | 1,214,688 | 52,500 | 195,565 | 62,685 | 87,607 | 188,520 | ||
| total liabilities | 1,806,068 | 1,857,689 | 716,965 | 743,070 | 702,764 | 355,391 | 75,668 | 319,897 | 314,499 |
| net assets | 2,113,218 | 1,662,667 | 1,138,918 | 826,157 | 321,325 | 150,662 | 233,519 | 94,140 | 21,721 |
| total shareholders funds | 2,113,218 | 1,662,667 | 1,138,918 | 826,157 | 321,325 | 150,662 | 233,519 | 94,140 | 21,721 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 833,555 | 441,262 | 157,458 | 161,436 | 438,778 | 270,948 | 166,776 | 118,209 | 66,642 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | 107,500 | -12,520 | 2,980 | 38,040 | -38,040 | 17,040 | 13,000 | 8,000 | |
| Debtors | -77,848 | -327,316 | 270,376 | 438,309 | 314,090 | 150,814 | -142,547 | 111,293 | 62,856 |
| Creditors | 257,941 | 111,981 | -57,274 | 382,759 | -154,098 | 141,116 | -54,162 | 68,916 | 39,471 |
| Accruals and Deferred Income | -44,930 | -157,146 | 67,703 | -137,284 | 317,975 | 11,934 | -102,460 | 37,395 | 86,508 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | 295,821 | 505,799 | |||||||
| Hire Purchase and Lease Commitments | -8,930 | -42,913 | 15,966 | -62,104 | -12,069 | 126,673 | |||
| other long term liabilities | -553,334 | 708,889 | -52,500 | -143,065 | 195,565 | -87,607 | -100,913 | 188,520 | |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 55,444 | -19,791 | -106,933 | 11,631 | 145,448 | -42,860 | 22,330 | -82,267 | 113,181 |
| overdraft | 1,811 | 14,114 | |||||||
| change in cash | 53,633 | -33,905 | -106,933 | 11,631 | 145,448 | -42,860 | 22,330 | -82,267 | 113,181 |
optimum racing ltd Credit Report and Business Information
Optimum Racing Ltd Competitor Analysis
Perform a competitor analysis for optimum racing ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WF4 area or any other competitors across 12 key performance metrics.
optimum racing ltd Ownership
OPTIMUM RACING LTD group structure
Optimum Racing Ltd has no subsidiary companies.
Ultimate parent company
OPTIMUM RACING LTD
09658005
optimum racing ltd directors
Optimum Racing Ltd currently has 1 director, Mr Shaun Goff serving since Jun 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shaun Goff | United Kingdom | 45 years | Jun 2015 | - | Director |
P&L
June 2024turnover
4.7m
+13%
operating profit
672.4k
0%
gross margin
31.1%
+9.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
2.1m
+0.27%
total assets
3.9m
+0.11%
cash
96.2k
+1.36%
net assets
Total assets minus all liabilities
optimum racing ltd company details
company number
09658005
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
52290 - Other transportation support activities
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
-
address
12b high line house forge lane, horbury, wakefield, west yorkshire, WF4 5EH
Bank
-
Legal Advisor
-
optimum racing 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 optimum racing ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
optimum racing 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.
Click to start generating capital raising & share issue transactions for OPTIMUM RACING LTD. This can take several minutes, an email will notify you when this has completed.
optimum racing ltd Companies House Filings - See Documents
| date | description | view/download |
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