far racing ltd
far racing ltd Company Information
Company Number
10676987
Next Accounts
Dec 2025
Directors
Shareholders
anita hatch
billy richmond
Group Structure
View All
Industry
Other telecommunications activities
+2Registered Address
156 norwich road, ipswich, IP1 2PT
Website
ifibre.net.aufar racing ltd Estimated Valuation
Pomanda estimates the enterprise value of FAR RACING LTD at £54.1k based on a Turnover of £77.3k and 0.7x industry multiple (adjusted for size and gross margin).
far racing ltd Estimated Valuation
Pomanda estimates the enterprise value of FAR RACING LTD at £0 based on an EBITDA of £-4.2k and a 2.68x industry multiple (adjusted for size and gross margin).
far racing ltd Estimated Valuation
Pomanda estimates the enterprise value of FAR RACING LTD at £0 based on Net Assets of £-324 and 2.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Far Racing Ltd Overview
Far Racing Ltd is a live company located in ipswich, IP1 2PT with a Companies House number of 10676987. It operates in the other sports activities sector, SIC Code 93199. Founded in March 2017, it's largest shareholder is anita hatch with a 50% stake. Far Racing Ltd is a young, micro sized company, Pomanda has estimated its turnover at £77.3k with unknown growth in recent years.
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Far Racing Ltd Health Check
Pomanda's financial health check has awarded Far Racing Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £77.3k, make it smaller than the average company (£7.2m)
- Far Racing Ltd
£7.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Far Racing Ltd
- - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (39%)
- Far Racing Ltd
39% - Industry AVG
Profitability
an operating margin of -5.4% make it less profitable than the average company (3.5%)
- Far Racing Ltd
3.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (31)
- Far Racing Ltd
31 - Industry AVG
Pay Structure
on an average salary of £52.2k, the company has an equivalent pay structure (£52.2k)
- Far Racing Ltd
£52.2k - Industry AVG
Efficiency
resulting in sales per employee of £77.3k, this is less efficient (£197.2k)
- Far Racing Ltd
£197.2k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (36 days)
- Far Racing Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (41 days)
- Far Racing Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Far Racing Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Far Racing Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.9%, this is a higher level of debt than the average (54.2%)
101.9% - Far Racing Ltd
54.2% - Industry AVG
FAR RACING LTD financials
Far Racing Ltd's latest turnover from March 2024 is estimated at £77.3 thousand and the company has net assets of -£324. According to their latest financial statements, we estimate that Far Racing Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | 100 | 100 | 100 | 100 | 100 | ||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 100 | 100 | 100 | 100 | 100 | ||
| Stock & work in progress | |||||||
| Trade Debtors | 17,410 | 3,783 | |||||
| Group Debtors | |||||||
| Misc Debtors | 1 | ||||||
| Cash | |||||||
| misc current assets | |||||||
| total current assets | 17,411 | 3,783 | |||||
| total assets | 17,411 | 3,883 | 100 | 100 | 100 | 100 | |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 17,735 | ||||||
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | |||||||
| total current liabilities | 17,735 | ||||||
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 17,735 | ||||||
| net assets | -324 | 3,883 | 100 | 100 | 100 | 100 | |
| total shareholders funds | -324 | 3,883 | 100 | 100 | 100 | 100 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 13,628 | 3,783 | |||||
| Creditors | 17,735 | ||||||
| Accruals and Deferred Income | |||||||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -100 | 100 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | |||||||
| overdraft | |||||||
| change in cash |
far racing ltd Credit Report and Business Information
Far Racing Ltd Competitor Analysis
Perform a competitor analysis for far racing ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in IP1 area or any other competitors across 12 key performance metrics.
far racing ltd Ownership
FAR RACING LTD group structure
Far Racing Ltd has no subsidiary companies.
Ultimate parent company
FAR RACING LTD
10676987
far racing ltd directors
Far Racing Ltd currently has 1 director, Mr Billy Richmond serving since Mar 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Billy Richmond | 58 years | Mar 2017 | - | Director |
P&L
March 2024turnover
77.3k
+255%
operating profit
-4.2k
0%
gross margin
19.9%
+4.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-324
-1.08%
total assets
17.4k
+3.48%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
far racing ltd company details
company number
10676987
Type
Private limited with Share Capital
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
61900 - Other telecommunications activities
61300 - Satellite telecommunications activities
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
ifibre limited (March 2020)
accountant
-
auditor
-
address
156 norwich road, ipswich, IP1 2PT
Bank
-
Legal Advisor
-
far 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 did not find charges/mortgages relating to far racing ltd.
far 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.
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far racing ltd Companies House Filings - See Documents
| date | description | view/download |
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