af corse uk ltd
af corse uk ltd Company Information
Company Number
11627605
Next Accounts
Sep 2025
Shareholders
amato ferrari
paolo giacchero
Group Structure
View All
Industry
Other sports activities (not including activities of racehorse owners) n.e.c.
Registered Address
5th floor, north side, 7/10 chandos street, london, W1G 9DQ
Website
-af corse uk ltd Estimated Valuation
Pomanda estimates the enterprise value of AF CORSE UK LTD at £57.7m based on a Turnover of £43.8m and 1.32x industry multiple (adjusted for size and gross margin).
af corse uk ltd Estimated Valuation
Pomanda estimates the enterprise value of AF CORSE UK LTD at £12.8m based on an EBITDA of £2.2m and a 5.9x industry multiple (adjusted for size and gross margin).
af corse uk ltd Estimated Valuation
Pomanda estimates the enterprise value of AF CORSE UK LTD at £2.6m based on Net Assets of £1.3m and 2.04x industry multiple (adjusted for liquidity).
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Af Corse Uk Ltd Overview
Af Corse Uk Ltd is a live company located in london, W1G 9DQ with a Companies House number of 11627605. It operates in the other sports activities sector, SIC Code 93199. Founded in October 2018, it's largest shareholder is amato ferrari with a 80% stake. Af Corse Uk Ltd is a young, large sized company, Pomanda has estimated its turnover at £43.8m with high growth in recent years.
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Af Corse Uk Ltd Health Check
Pomanda's financial health check has awarded Af Corse Uk Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £43.8m, make it larger than the average company (£624.5k)
£43.8m - Af Corse Uk Ltd
£624.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (8.9%)
24% - Af Corse Uk Ltd
8.9% - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (41.2%)
13.1% - Af Corse Uk Ltd
41.2% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (1.5%)
1.2% - Af Corse Uk Ltd
1.5% - Industry AVG
Employees
with 54 employees, this is above the industry average (15)
54 - Af Corse Uk Ltd
15 - Industry AVG
Pay Structure
on an average salary of £37.7k, the company has a higher pay structure (£28.8k)
£37.7k - Af Corse Uk Ltd
£28.8k - Industry AVG
Efficiency
resulting in sales per employee of £810.4k, this is more efficient (£70.5k)
£810.4k - Af Corse Uk Ltd
£70.5k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is later than average (16 days)
30 days - Af Corse Uk Ltd
16 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (30 days)
41 days - Af Corse Uk Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (16 days)
0 days - Af Corse Uk Ltd
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is less cash available to meet short term requirements (65 weeks)
29 weeks - Af Corse Uk Ltd
65 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.9%, this is a higher level of debt than the average (37.9%)
90.9% - Af Corse Uk Ltd
37.9% - Industry AVG
AF CORSE UK LTD financials
Af Corse Uk Ltd's latest turnover from December 2023 is £43.8 million and the company has net assets of £1.3 million. According to their latest financial statements, Af Corse Uk Ltd has 54 employees and maintains cash reserves of £6.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 43,761,574 | 42,774,458 | 34,125,997 | 22,694,360 | 20,838,461 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 38,034,258 | 35,738,206 | 27,752,200 | 18,098,553 | 17,103,863 |
| Gross Profit | 5,727,315 | 7,036,251 | 6,373,797 | 4,595,807 | 3,734,598 |
| Admin Expenses | 5,218,875 | 5,980,768 | 5,962,679 | 4,020,718 | 2,985,178 |
| Operating Profit | 508,440 | 1,055,483 | 411,118 | 575,089 | 749,420 |
| Interest Payable | 283,637 | 196,221 | 167,834 | 158,397 | 98,776 |
| Interest Receivable | 712 | 15 | 19 | 66 | 73 |
| Pre-Tax Profit | 218,242 | 859,277 | 243,304 | 416,759 | 710,185 |
| Tax | -92,571 | -136,308 | -140,085 | 26,140 | -195,377 |
| Profit After Tax | 125,672 | 722,969 | 103,219 | 442,898 | 514,809 |
| Dividends Paid | 0 | 0 | 203,828 | 0 | 0 |
| Retained Profit | 60,925 | 666,998 | -151,896 | 407,149 | 496,224 |
| Employee Costs | 2,035,452 | 1,943,345 | 1,750,556 | 1,251,007 | 818,701 |
| Number Of Employees | 54 | 48 | 49 | 43 | 40 |
| EBITDA* | 2,169,823 | 2,959,971 | 3,187,038 | 1,943,561 | 1,625,680 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 7,067,871 | 7,835,089 | 3,792,228 | 3,574,494 | 4,676,483 |
| Intangible Assets | 248,939 | 176,406 | 227,357 | 241,225 | 197,684 |
| Investments & Other | 1 | 1 | 1 | 0 | 0 |
| Debtors (Due After 1 year) | 113,135 | 112,973 | 197,035 | 215,386 | 90,836 |
| Total Fixed Assets | 7,429,946 | 8,124,470 | 4,216,621 | 4,031,106 | 4,965,004 |
| Stock & work in progress | 31,934 | 65,928 | 43,492 | 27,210 | 33,870 |
| Trade Debtors | 3,689,100 | 9,665,484 | 4,896,207 | 3,757,955 | 4,607,767 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,242,630 | 2,569,296 | 2,743,743 | 2,446,882 | 2,718,711 |
| Cash | 6,839,985 | 2,102,384 | 5,646,415 | 4,962,843 | 2,116,291 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,803,650 | 14,403,092 | 13,329,858 | 11,194,891 | 9,476,640 |
| total assets | 22,233,597 | 22,527,562 | 17,546,479 | 15,225,997 | 14,441,644 |
| Bank overdraft | 0 | 0 | 1 | 1 | 1 |
| Bank loan | 1,738,323 | 1,979,762 | 572,483 | 592,982 | 910,478 |
| Trade Creditors | 4,303,242 | 4,724,265 | 3,443,013 | 3,435,556 | 3,808,185 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 155,171 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,832,835 | 6,298,149 | 5,588,449 | 4,325,894 | 3,355,550 |
| total current liabilities | 12,029,573 | 13,002,176 | 9,603,946 | 8,354,433 | 8,074,215 |
| loans | 8,112,395 | 7,450,054 | 6,525,175 | 5,338,605 | 5,263,632 |
| hp & lease commitments | 71,421 | 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 | 8,183,817 | 7,450,054 | 6,525,176 | 5,338,605 | 5,263,633 |
| total liabilities | 20,213,390 | 20,452,230 | 16,129,122 | 13,693,038 | 13,337,847 |
| net assets | 1,255,252 | 1,342,495 | 745,429 | 917,231 | 516,469 |
| total shareholders funds | 1,255,252 | 1,342,495 | 745,429 | 917,231 | 516,469 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 508,440 | 1,055,483 | 411,118 | 575,089 | 749,420 |
| Depreciation | 1,563,011 | 1,851,867 | 2,747,311 | 1,342,457 | 859,011 |
| Amortisation | 98,372 | 52,621 | 28,609 | 26,015 | 17,249 |
| Tax | -92,571 | -136,308 | -140,085 | 26,140 | -195,377 |
| Stock | -33,994 | 22,436 | 16,282 | -6,661 | 33,870 |
| Debtors | -4,302,886 | 4,510,767 | 1,416,762 | -997,091 | 7,417,314 |
| Creditors | -421,023 | 1,281,252 | 7,457 | -372,629 | 3,808,185 |
| Accruals and Deferred Income | -465,314 | 709,700 | 1,262,555 | 970,344 | 3,355,550 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,527,795 | 281,412 | 2,883,921 | 3,571,168 | 1,142,854 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 1 | 0 | 0 |
| cash flow from investments | 0 | 0 | -1 | 0 | 0 |
| Financing Activities | |||||
| Bank loans | -241,439 | 1,407,279 | -20,499 | -317,496 | 910,478 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 662,341 | 924,879 | 1,186,570 | 74,973 | 5,263,632 |
| Hire Purchase and Lease Commitments | 226,592 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -282,925 | -196,206 | -167,815 | -158,331 | -98,703 |
| cash flow from financing | 216,401 | 2,066,020 | 978,350 | -407,241 | 6,095,652 |
| cash and cash equivalents | |||||
| cash | 4,737,601 | -3,544,031 | 683,572 | 2,846,552 | 2,116,291 |
| overdraft | 0 | -1 | 0 | 0 | 1 |
| change in cash | 4,737,601 | -3,544,030 | 683,572 | 2,846,552 | 2,116,290 |
af corse uk ltd Credit Report and Business Information
Af Corse Uk Ltd Competitor Analysis
Perform a competitor analysis for af corse uk ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other large companies, companies in W1G area or any other competitors across 12 key performance metrics.
af corse uk ltd Ownership
AF CORSE UK LTD group structure
Af Corse Uk Ltd has no subsidiary companies.
Ultimate parent company
AF CORSE UK LTD
11627605
af corse uk ltd directors
Af Corse Uk Ltd currently has 4 directors. The longest serving directors include Mr Edoardo Daffonchio (Oct 2018) and Mr Paolo Giacchero (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edoardo Daffonchio | United Kingdom | 33 years | Oct 2018 | - | Director |
| Mr Paolo Giacchero | United Kingdom | 62 years | Oct 2018 | - | Director |
| Mr Amato Ferrari | United Kingdom | 58 years | Oct 2018 | - | Director |
| Miss Anca Vieriu | 38 years | Jan 2023 | - | Director |
P&L
December 2023turnover
43.8m
+2%
operating profit
508.4k
-52%
gross margin
13.1%
-20.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.3m
-0.06%
total assets
22.2m
-0.01%
cash
6.8m
+2.25%
net assets
Total assets minus all liabilities
af corse uk ltd company details
company number
11627605
Type
Private limited with Share Capital
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
October 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SUMER AUDITCO LIMITED
address
5th floor, north side, 7/10 chandos street, london, W1G 9DQ
Bank
-
Legal Advisor
-
af corse uk 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 af corse uk ltd.
af corse uk 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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af corse uk ltd Companies House Filings - See Documents
| date | description | view/download |
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