omg racing limited
omg racing limited Company Information
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
claydons farm banbury road, stratford-upon-avon, warwickshire, CV37 7NF
Website
omgracing.co.ukomg racing limited Estimated Valuation
Pomanda estimates the enterprise value of OMG RACING LIMITED at £372.9k based on a Turnover of £496.1k and 0.75x industry multiple (adjusted for size and gross margin).
omg racing limited Estimated Valuation
Pomanda estimates the enterprise value of OMG RACING LIMITED at £0 based on an EBITDA of £-975.3k and a 4.48x industry multiple (adjusted for size and gross margin).
omg racing limited Estimated Valuation
Pomanda estimates the enterprise value of OMG RACING LIMITED at £0 based on Net Assets of £-6.8m and 2.41x industry multiple (adjusted for liquidity).
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Omg Racing Limited Overview
Omg Racing Limited is a live company located in warwickshire, CV37 7NF with a Companies House number of 11074788. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in November 2017, it's largest shareholder is alan edwin gardner with a 100% stake. Omg Racing Limited is a young, micro sized company, Pomanda has estimated its turnover at £496.1k with rapid growth in recent years.
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Omg Racing Limited Health Check
Pomanda's financial health check has awarded Omg Racing Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £496.1k, make it smaller than the average company (£1.2m)
- Omg Racing Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (7.9%)
- Omg Racing Limited
7.9% - Industry AVG
Production
with a gross margin of 41.7%, this company has a comparable cost of product (41.7%)
- Omg Racing Limited
41.7% - Industry AVG
Profitability
an operating margin of -279.6% make it less profitable than the average company (6.3%)
- Omg Racing Limited
6.3% - Industry AVG
Employees
with 4 employees, this is below the industry average (15)
4 - Omg Racing Limited
15 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)
- Omg Racing Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £124k, this is more efficient (£104.2k)
- Omg Racing Limited
£104.2k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is later than average (31 days)
- Omg Racing Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (40 days)
- Omg Racing Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 271 days, this is more than average (40 days)
- Omg Racing Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is less cash available to meet short term requirements (38 weeks)
18 weeks - Omg Racing Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 557.4%, this is a higher level of debt than the average (48.1%)
557.4% - Omg Racing Limited
48.1% - Industry AVG
OMG RACING LIMITED financials
Omg Racing Limited's latest turnover from December 2023 is estimated at £496.1 thousand and the company has net assets of -£6.8 million. According to their latest financial statements, Omg Racing Limited has 4 employees and maintains cash reserves of £65 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 4 | 3 | 3 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,010,605 | 899,584 | 448,424 | 448,229 | 208,230 | 155,745 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 1,010,605 | 899,584 | 448,424 | 448,229 | 208,230 | 155,745 |
| Stock & work in progress | 215,000 | 196,000 | 120,000 | 120,000 | 20,000 | 5,000 |
| Trade Debtors | 56,206 | 31,000 | ||||
| Group Debtors | ||||||
| Misc Debtors | 131,428 | 281,684 | 151,297 | 16,793 | 3,498 | |
| Cash | 65,000 | 70,959 | 755 | 24,262 | ||
| misc current assets | ||||||
| total current assets | 467,634 | 579,643 | 271,297 | 136,793 | 20,755 | 32,760 |
| total assets | 1,478,239 | 1,479,227 | 719,721 | 585,022 | 228,985 | 188,505 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 29,026 | 147,814 | 966 | |||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 45,642 | 10,248 | ||||
| other current liabilities | 104,193 | 149,708 | 86,449 | 2,682,651 | 1,604,545 | 875,531 |
| total current liabilities | 178,861 | 307,770 | 87,415 | 2,682,651 | 1,604,545 | 875,531 |
| loans | ||||||
| hp & lease commitments | 29,036 | |||||
| Accruals and Deferred Income | ||||||
| other liabilities | 8,060,748 | 6,520,286 | 4,080,500 | |||
| provisions | ||||||
| total long term liabilities | 8,060,748 | 6,549,322 | 4,080,500 | |||
| total liabilities | 8,239,609 | 6,857,092 | 4,167,915 | 2,682,651 | 1,604,545 | 875,531 |
| net assets | -6,761,370 | -5,377,865 | -3,448,194 | -2,097,629 | -1,375,560 | -687,026 |
| total shareholders funds | -6,761,370 | -5,377,865 | -3,448,194 | -2,097,629 | -1,375,560 | -687,026 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 411,750 | 279,556 | 216,429 | 157,929 | 93,342 | 90,248 |
| Amortisation | ||||||
| Tax | ||||||
| Stock | 19,000 | 76,000 | 100,000 | 15,000 | 5,000 | |
| Debtors | -125,050 | 161,387 | 134,504 | 16,793 | -3,498 | 3,498 |
| Creditors | -118,788 | 146,848 | 966 | |||
| Accruals and Deferred Income | -45,515 | 63,259 | -2,596,202 | 1,078,106 | 729,014 | 875,531 |
| 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 | ||||||
| Hire Purchase and Lease Commitments | 6,358 | 39,284 | ||||
| other long term liabilities | 1,540,462 | 2,439,786 | 4,080,500 | |||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -5,959 | 70,959 | -755 | -23,507 | 24,262 | |
| overdraft | ||||||
| change in cash | -5,959 | 70,959 | -755 | -23,507 | 24,262 |
omg racing limited Credit Report and Business Information
Omg Racing Limited Competitor Analysis
Perform a competitor analysis for omg racing limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in CV37 area or any other competitors across 12 key performance metrics.
omg racing limited Ownership
OMG RACING LIMITED group structure
Omg Racing Limited has no subsidiary companies.
Ultimate parent company
OMG RACING LIMITED
11074788
omg racing limited directors
Omg Racing Limited currently has 1 director, Mr Alan Gardner serving since Jul 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Gardner | England | 56 years | Jul 2024 | - | Director |
P&L
December 2023turnover
496.1k
+9%
operating profit
-1.4m
0%
gross margin
41.8%
+0.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-6.8m
+0.26%
total assets
1.5m
0%
cash
65k
-0.08%
net assets
Total assets minus all liabilities
omg racing limited company details
company number
11074788
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
November 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
rich energy omg racing ltd (December 2021)
rich omg ltd (March 2020)
accountant
-
auditor
-
address
claydons farm banbury road, stratford-upon-avon, warwickshire, CV37 7NF
Bank
-
Legal Advisor
-
omg racing 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 omg racing limited.
omg racing 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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omg racing limited Companies House Filings - See Documents
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