blades racing team limited
blades racing team limited Company Information
Company Number
10984949
Website
-Registered Address
c/o chesterton house accounting, 2-3 rectory place, loughborough, leicestershire, LE11 1UW
Industry
Other sports activities (not including activities of racehorse owners) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Benjamin Murphy6 Years
Shareholders
2 excel aviation limited 50%
apogee performance limited 50%
blades racing team limited Estimated Valuation
Pomanda estimates the enterprise value of BLADES RACING TEAM LIMITED at £214.4k based on a Turnover of £359.1k and 0.6x industry multiple (adjusted for size and gross margin).
blades racing team limited Estimated Valuation
Pomanda estimates the enterprise value of BLADES RACING TEAM LIMITED at £99.1k based on an EBITDA of £44.3k and a 2.24x industry multiple (adjusted for size and gross margin).
blades racing team limited Estimated Valuation
Pomanda estimates the enterprise value of BLADES RACING TEAM LIMITED at £538.8k based on Net Assets of £268.5k and 2.01x industry multiple (adjusted for liquidity).
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Blades Racing Team Limited Overview
Blades Racing Team Limited is a live company located in loughborough, LE11 1UW with a Companies House number of 10984949. It operates in the other sports activities sector, SIC Code 93199. Founded in September 2017, it's largest shareholder is 2 excel aviation limited with a 50% stake. Blades Racing Team Limited is a young, micro sized company, Pomanda has estimated its turnover at £359.1k with declining growth in recent years.
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Blades Racing Team Limited Health Check
Pomanda's financial health check has awarded Blades Racing Team Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £359.1k, make it smaller than the average company (£566.4k)
- Blades Racing Team Limited
£566.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.7%)
- Blades Racing Team Limited
3.7% - Industry AVG
Production
with a gross margin of 21.9%, this company has a higher cost of product (42.1%)
- Blades Racing Team Limited
42.1% - Industry AVG
Profitability
an operating margin of 12.3% make it more profitable than the average company (3.6%)
- Blades Racing Team Limited
3.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Blades Racing Team Limited
14 - Industry AVG
Pay Structure
on an average salary of £27.1k, the company has an equivalent pay structure (£27.1k)
- Blades Racing Team Limited
£27.1k - Industry AVG
Efficiency
resulting in sales per employee of £179.5k, this is more efficient (£66.9k)
- Blades Racing Team Limited
£66.9k - Industry AVG
Debtor Days
it gets paid by customers after 108 days, this is later than average (15 days)
- Blades Racing Team Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (28 days)
- Blades Racing Team Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Blades Racing Team Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Blades Racing Team Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.1%, this is a lower level of debt than the average (39.8%)
11.1% - Blades Racing Team Limited
39.8% - Industry AVG
BLADES RACING TEAM LIMITED financials
Blades Racing Team Limited's latest turnover from December 2022 is estimated at £359.1 thousand and the company has net assets of £268.5 thousand. According to their latest financial statements, Blades Racing Team Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 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 | 2 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 195,140 | 227,663 | 260,187 | 292,710 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 195,140 | 227,663 | 260,187 | 292,710 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 106,830 | 16,008 | 27,003 | 61,490 | 229,949 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 4,887 | 121 | 249 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 106,830 | 16,008 | 31,890 | 61,611 | 230,198 |
| total assets | 301,970 | 243,671 | 292,077 | 354,321 | 230,198 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,491 | 11,076 | 3,200 | 171,490 | 121,845 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 33,491 | 11,076 | 3,200 | 171,490 | 121,845 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 33,491 | 11,076 | 3,200 | 171,490 | 121,845 |
| net assets | 268,479 | 232,595 | 288,877 | 182,831 | 108,353 |
| total shareholders funds | 268,479 | 232,595 | 288,877 | 182,831 | 108,353 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 32,523 | 32,523 | 0 | ||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 90,822 | -10,995 | -34,487 | -168,459 | 229,949 |
| Creditors | 22,415 | 7,876 | -168,290 | 49,645 | 121,845 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | -4,887 | 4,766 | -128 | 249 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -4,887 | 4,766 | -128 | 249 |
blades racing team limited Credit Report and Business Information
Blades Racing Team Limited Competitor Analysis
Perform a competitor analysis for blades racing team limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
blades racing team limited Ownership
BLADES RACING TEAM LIMITED group structure
Blades Racing Team Limited has no subsidiary companies.
Ultimate parent company
BLADES RACING TEAM LIMITED
10984949
blades racing team limited directors
Blades Racing Team Limited currently has 1 director, Mr Benjamin Murphy serving since Sep 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Murphy | England | 48 years | Sep 2017 | - | Director |
P&L
December 2022turnover
359.1k
+352%
operating profit
44.3k
0%
gross margin
21.9%
+7.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
268.5k
+0.15%
total assets
302k
+0.24%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
blades racing team limited company details
company number
10984949
Type
Private limited with Share Capital
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
September 2017
age
7
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o chesterton house accounting, 2-3 rectory place, loughborough, leicestershire, LE11 1UW
last accounts submitted
December 2022
blades racing team 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 blades racing team limited.
blades racing team limited Companies House Filings - See Documents
| date | description | view/download |
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