spar distribution centre, bowland view, preston, PR2 5QT
Website
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challenge offshore racing limitedEstimated Valuation
£41.8k
Pomanda estimates the enterprise value of CHALLENGE OFFSHORE RACING LIMITED at £41.8k based on a Turnover of £93.9k and 0.44x industry multiple (adjusted for size and gross margin).
challenge offshore racing limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of CHALLENGE OFFSHORE RACING LIMITED at £0 based on an EBITDA of £-349.6k and a 1.98x industry multiple (adjusted for size and gross margin).
challenge offshore racing limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of CHALLENGE OFFSHORE RACING LIMITED at £0 based on Net Assets of £-840.6k and 1.49x industry multiple (adjusted for liquidity).
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Challenge Offshore Racing LimitedOverview
Challenge Offshore Racing Limited is a live company located in preston, PR2 5QT with a Companies House number of 12171754. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in August 2019, it's largest shareholder is
samuel james stuart hall
with a 100% stake. Challenge Offshore Racing Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£93.9k with
declining
growth in recent years.
Pomanda's financial health check has awarded Challenge Offshore Racing Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
1 Regular
7 Weak
Size
annual sales of £93.9k, make it smaller than the average company (£4m)
£93.9k - Challenge Offshore Racing Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (10.6%)
-31% - Challenge Offshore Racing Limited
10.6% - Industry AVG
Production
with a gross margin of 7.3%, this company has a higher cost of product (20.1%)
7.3% - Challenge Offshore Racing Limited
20.1% - Industry AVG
Profitability
an operating margin of -372.2% make it less profitable than the average company (5.1%)
-372.2% - Challenge Offshore Racing Limited
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (35)
2 - Challenge Offshore Racing Limited
35 - Industry AVG
Pay Structure
on an average salary of £49.7k, the company has an equivalent pay structure (£49.7k)
£49.7k - Challenge Offshore Racing Limited
£49.7k - Industry AVG
Efficiency
resulting in sales per employee of £47k, this is less efficient (£145.2k)
£47k - Challenge Offshore Racing Limited
£145.2k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (13 days)
3 days - Challenge Offshore Racing Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (17 days)
40 days - Challenge Offshore Racing Limited
17 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Challenge Offshore Racing Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Challenge Offshore Racing Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 287.8%, this is a higher level of debt than the average (60.1%)
287.8% - Challenge Offshore Racing Limited
60.1% - Industry AVG
CHALLENGE OFFSHORE RACING LIMITED financials
EXPORT
Challenge Offshore Racing Limited's latest turnover from March 2024 is estimated at £93.9 thousand and the company has net assets of -£840.6 thousand. According to their latest financial statements, Challenge Offshore Racing Limited has 2 employees 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
Turnover
93,945
144,382
81,289
291,182
85,996
Other Income Or Grants
Cost Of Sales
87,076
134,831
79,568
299,083
81,380
Gross Profit
6,869
9,551
1,721
-7,902
4,616
Admin Expenses
356,505
263,983
176,981
53,364
4,615
Operating Profit
-349,636
-254,432
-175,260
-61,266
1
Interest Payable
Interest Receivable
Pre-Tax Profit
-349,636
-254,432
-175,260
-61,266
1
Tax
Profit After Tax
-349,636
-254,432
-175,260
-61,266
1
Dividends Paid
Retained Profit
-349,636
-254,432
-175,260
-61,266
1
Employee Costs
99,404
92,315
88,509
84,129
81,950
Number Of Employees
2
2
2
2
2
EBITDA*
-349,636
-254,432
-175,260
-61,266
1
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
446,625
463,157
479,689
528,680
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
446,625
463,157
479,689
528,680
Stock & work in progress
Trade Debtors
873
9,130
4,504
21,506
1
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
873
9,130
4,504
21,506
1
total assets
447,498
472,287
484,193
550,186
1
Bank overdraft
Bank loan
Trade Creditors
9,660
9,660
9,660
46,471
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
9,660
9,660
9,660
46,471
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,278,431
953,584
711,058
564,980
provisions
total long term liabilities
1,278,431
953,584
711,058
564,980
total liabilities
1,288,091
963,244
720,718
611,451
net assets
-840,593
-490,957
-236,525
-61,265
1
total shareholders funds
-840,593
-490,957
-236,525
-61,265
1
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
-349,636
-254,432
-175,260
-61,266
1
Depreciation
Amortisation
Tax
Stock
Debtors
-8,257
4,626
-17,002
21,505
1
Creditors
-36,811
46,471
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-341,379
-259,058
-195,069
-36,300
Investing Activities
capital expenditure
16,532
16,532
48,991
-528,680
Change in Investments
cash flow from investments
16,532
16,532
48,991
-528,680
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
324,847
242,526
146,078
564,980
share issue
interest
cash flow from financing
324,847
242,526
146,078
564,980
cash and cash equivalents
cash
overdraft
change in cash
challenge offshore racing limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for challenge offshore racing limited. Get real-time insights into challenge offshore racing limited's credit score, group structure and payment trends.
Challenge Offshore Racing Limited Competitor Analysis
Perform a competitor analysis for challenge offshore racing limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in PR2 area or any other competitors across 12 key performance metrics.
challenge offshore racing limited Ownership
CHALLENGE OFFSHORE RACING LIMITED group structure
Challenge Offshore Racing Limited has no subsidiary companies.
Ultimate parent company
CHALLENGE OFFSHORE RACING LIMITED
12171754
CHALLENGE OFFSHORE RACING LIMITED Shareholders
The sole shareholder of Challenge Offshore Racing Limited is Samuel James Stuart Hall.
samuel james stuart hall
100%
challenge offshore racing limited directors
Challenge Offshore Racing Limited currently has 2 directors.
The longest serving directors include
Mr Samuel Hall (Jul 2020) and
Mr Andrew Hall (Oct 2020).
spar distribution centre, bowland view, preston, PR2 5QT
Bank
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Legal Advisor
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challenge offshore 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 challenge offshore racing limited.
challenge offshore 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.
Click to start generating capital raising & share issue transactions for CHALLENGE OFFSHORE RACING LIMITED. This can take several minutes, an email will notify you when this has completed.
challenge offshore racing limitedCompanies House Filings - See Documents
