skegness raceway ltd
skegness raceway ltd Company Information
Company Number
10439198
Website
www.skegway.infoRegistered Address
alex house 260-268, chapel street, salford, M3 5JZ
Industry
Other amusement and recreation activities
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Directors
Robert Speak8 Years
Shareholders
robert lee speak 100%
skegness raceway ltd Estimated Valuation
Pomanda estimates the enterprise value of SKEGNESS RACEWAY LTD at £140.9k based on a Turnover of £152k and 0.93x industry multiple (adjusted for size and gross margin).
skegness raceway ltd Estimated Valuation
Pomanda estimates the enterprise value of SKEGNESS RACEWAY LTD at £1.2m based on an EBITDA of £332.7k and a 3.59x industry multiple (adjusted for size and gross margin).
skegness raceway ltd Estimated Valuation
Pomanda estimates the enterprise value of SKEGNESS RACEWAY LTD at £2.7m based on Net Assets of £1.4m and 1.89x industry multiple (adjusted for liquidity).
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Skegness Raceway Ltd Overview
Skegness Raceway Ltd is a live company located in salford, M3 5JZ with a Companies House number of 10439198. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in October 2016, it's largest shareholder is robert lee speak with a 100% stake. Skegness Raceway Ltd is a young, micro sized company, Pomanda has estimated its turnover at £152k with high growth in recent years.
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Skegness Raceway Ltd Health Check
Pomanda's financial health check has awarded Skegness Raceway Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £152k, make it smaller than the average company (£356.2k)
- Skegness Raceway Ltd
£356.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.3%)
- Skegness Raceway Ltd
8.3% - Industry AVG
Production
with a gross margin of 61.7%, this company has a comparable cost of product (61.7%)
- Skegness Raceway Ltd
61.7% - Industry AVG
Profitability
an operating margin of 124.9% make it more profitable than the average company (11.5%)
- Skegness Raceway Ltd
11.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (10)
3 - Skegness Raceway Ltd
10 - Industry AVG
Pay Structure
on an average salary of £17.4k, the company has an equivalent pay structure (£17.4k)
- Skegness Raceway Ltd
£17.4k - Industry AVG
Efficiency
resulting in sales per employee of £50.7k, this is equally as efficient (£50.7k)
- Skegness Raceway Ltd
£50.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Skegness Raceway Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Skegness Raceway Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Skegness Raceway Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is less cash available to meet short term requirements (103 weeks)
44 weeks - Skegness Raceway Ltd
103 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.1%, this is a lower level of debt than the average (29.7%)
20.1% - Skegness Raceway Ltd
29.7% - Industry AVG
SKEGNESS RACEWAY LTD financials
Skegness Raceway Ltd's latest turnover from November 2023 is estimated at £152 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Skegness Raceway Ltd has 3 employees and maintains cash reserves of £114.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,273,999 | 973,584 | 477,200 | 486,000 | 485,225 | 496,500 | 256,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,273,999 | 973,584 | 477,200 | 486,000 | 485,225 | 496,500 | 256,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 364,463 | 364,463 | 299,463 | 244,463 | 194,463 | 114,463 | 0 |
| Misc Debtors | 27,590 | 0 | 0 | 0 | 0 | 0 | 21,677 |
| Cash | 114,538 | 251,191 | 567,465 | 173,618 | 152,224 | 72,040 | 156,053 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 506,591 | 615,654 | 866,928 | 418,081 | 346,687 | 186,503 | 177,730 |
| total assets | 1,780,590 | 1,589,238 | 1,344,128 | 904,081 | 831,912 | 683,003 | 433,730 |
| Bank overdraft | 48,583 | 48,585 | 48,585 | 48,584 | 48,584 | 71,233 | 79,853 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 5,537 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 85,035 | 64,061 | 142,029 | 58,134 | 63,109 | 70,631 | 45,102 |
| total current liabilities | 133,618 | 112,646 | 190,614 | 106,718 | 111,693 | 141,864 | 130,492 |
| loans | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 124,968 | 91,535 | 34,062 | 33,009 | 28,313 | 25,111 | 4,561 |
| total long term liabilities | 224,968 | 191,535 | 134,062 | 133,009 | 128,313 | 125,111 | 104,561 |
| total liabilities | 358,586 | 304,181 | 324,676 | 239,727 | 240,006 | 266,975 | 235,053 |
| net assets | 1,422,004 | 1,285,057 | 1,019,452 | 664,354 | 591,906 | 416,028 | 198,677 |
| total shareholders funds | 1,422,004 | 1,285,057 | 1,019,452 | 664,354 | 591,906 | 416,028 | 198,677 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 142,903 | 121,787 | 53,239 | 52,198 | 52,108 | 50,127 | 18,995 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 27,590 | 65,000 | 55,000 | 50,000 | 80,000 | 92,786 | 21,677 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 20,974 | -77,968 | 83,895 | -4,975 | -7,522 | 25,529 | 45,102 |
| Deferred Taxes & Provisions | 33,433 | 57,473 | 1,053 | 4,696 | 3,202 | 20,550 | 4,561 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -5,537 | 5,537 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -136,653 | -316,274 | 393,847 | 21,394 | 80,184 | -84,013 | 156,053 |
| overdraft | -2 | 0 | 1 | 0 | -22,649 | -8,620 | 79,853 |
| change in cash | -136,651 | -316,274 | 393,846 | 21,394 | 102,833 | -75,393 | 76,200 |
skegness raceway ltd Credit Report and Business Information
Skegness Raceway Ltd Competitor Analysis
Perform a competitor analysis for skegness raceway ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in M 3 area or any other competitors across 12 key performance metrics.
skegness raceway ltd Ownership
SKEGNESS RACEWAY LTD group structure
Skegness Raceway Ltd has no subsidiary companies.
Ultimate parent company
SKEGNESS RACEWAY LTD
10439198
skegness raceway ltd directors
Skegness Raceway Ltd currently has 1 director, Mr Robert Speak serving since Oct 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Speak | United Kingdom | 52 years | Oct 2016 | - | Director |
P&L
November 2023turnover
152k
+4%
operating profit
189.8k
0%
gross margin
61.7%
-0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
1.4m
+0.11%
total assets
1.8m
+0.12%
cash
114.5k
-0.54%
net assets
Total assets minus all liabilities
skegness raceway ltd company details
company number
10439198
Type
Private limited with Share Capital
industry
93290 - Other amusement and recreation activities
incorporation date
October 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
alex house 260-268, chapel street, salford, M3 5JZ
Bank
-
Legal Advisor
-
skegness raceway 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 did not find charges/mortgages relating to skegness raceway ltd.
skegness raceway ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
