Pomanda estimates the enterprise value of T CLOVER RACING LIMITED at £748k based on a Turnover of £2m and 0.37x industry multiple (adjusted for size and gross margin).
t clover racing limitedEstimated Valuation
£258.8k
Pomanda estimates the enterprise value of T CLOVER RACING LIMITED at £258.8k based on an EBITDA of £96.5k and a 2.68x industry multiple (adjusted for size and gross margin).
t clover racing limitedEstimated Valuation
£186.3k
Pomanda estimates the enterprise value of T CLOVER RACING LIMITED at £186.3k based on Net Assets of £127k and 1.47x industry multiple (adjusted for liquidity).
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T Clover Racing LimitedOverview
T Clover Racing Limited is a live company located in newmarket, CB8 7AQ with a Companies House number of 12516026. It operates in the raising of horses and other equines sector, SIC Code 01430. Founded in March 2020, it's largest shareholder is
jacqueline gweneth clover
with a 33.3% stake. T Clover Racing Limited is a young,
small sized company, Pomanda has estimated its turnover at
£2m with
high
growth in recent years.
Pomanda's financial health check has awarded T Clover Racing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
3 Regular
2 Weak
Size
annual sales of £2m, make it larger than the average company (£246.7k)
£2m - T Clover Racing Limited
£246.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.7%)
19% - T Clover Racing Limited
4.7% - Industry AVG
Production
with a gross margin of 13.2%, this company has a comparable cost of product (13.2%)
13.2% - T Clover Racing Limited
13.2% - Industry AVG
Profitability
an operating margin of 3.1% make it more profitable than the average company (-18.3%)
3.1% - T Clover Racing Limited
-18.3% - Industry AVG
Employees
with 23 employees, this is above the industry average (6)
23 - T Clover Racing Limited
6 - Industry AVG
Pay Structure
on an average salary of £30.5k, the company has an equivalent pay structure (£30.5k)
£30.5k - T Clover Racing Limited
£30.5k - Industry AVG
Efficiency
resulting in sales per employee of £87.5k, this is more efficient (£55.7k)
£87.5k - T Clover Racing Limited
£55.7k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (45 days)
45 days - T Clover Racing Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (17 days)
38 days - T Clover Racing Limited
17 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (257 days)
10 days - T Clover Racing Limited
257 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is less cash available to meet short term requirements (34 weeks)
7 weeks - T Clover Racing Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.2%, this is a higher level of debt than the average (34.2%)
73.2% - T Clover Racing Limited
34.2% - Industry AVG
T CLOVER RACING LIMITED financials
EXPORT
T Clover Racing Limited's latest turnover from March 2024 is estimated at £2 million and the company has net assets of £127 thousand. According to their latest financial statements, T Clover Racing Limited has 23 employees and maintains cash reserves of £47.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Turnover
2,012,240
1,594,413
1,536,646
1,207,066
Other Income Or Grants
Cost Of Sales
1,746,164
1,174,651
1,196,074
940,080
Gross Profit
266,076
419,761
340,571
266,986
Admin Expenses
203,497
451,350
291,489
180,607
Operating Profit
62,579
-31,589
49,082
86,379
Interest Payable
254
232
Interest Receivable
1,448
951
218
11
Pre-Tax Profit
63,772
-30,870
49,300
86,390
Tax
-15,943
-9,367
-16,414
Profit After Tax
47,829
-30,870
39,933
69,976
Dividends Paid
Retained Profit
47,829
-30,870
39,933
69,976
Employee Costs
701,544
490,687
448,140
356,725
Number Of Employees
23
20
22
15
EBITDA*
96,469
-6,361
71,064
96,882
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Tangible Assets
83,984
98,874
65,757
86,202
Intangible Assets
Investments & Other
20,000
20,000
20,000
20,000
Debtors (Due After 1 year)
Total Fixed Assets
103,984
118,874
85,757
106,202
Stock & work in progress
50,794
22,093
31,596
31,815
Trade Debtors
249,877
240,571
190,600
179,432
Group Debtors
Misc Debtors
21,293
15,926
8,524
17,190
Cash
47,185
7,963
36,774
21,392
misc current assets
total current assets
369,149
286,553
267,494
249,829
total assets
473,133
405,427
353,251
356,031
Bank overdraft
4,519
Bank loan
Trade Creditors
185,794
143,815
83,493
68,864
Group/Directors Accounts
other short term finances
hp & lease commitments
26,543
17,745
other current liabilities
99,471
91,324
134,796
166,713
total current liabilities
311,808
257,403
218,289
235,577
loans
hp & lease commitments
28,283
54,828
48,487
Accruals and Deferred Income
other liabilities
21,018
provisions
6,024
14,007
3,885
1,841
total long term liabilities
34,307
68,835
24,903
50,328
total liabilities
346,115
326,238
243,192
285,905
net assets
127,018
79,189
110,059
70,126
total shareholders funds
127,018
79,189
110,059
70,126
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Operating Activities
Operating Profit
62,579
-31,589
49,082
86,379
Depreciation
33,890
25,228
21,982
10,503
Amortisation
Tax
-15,943
-9,367
-16,414
Stock
28,701
-9,503
-219
31,815
Debtors
14,673
57,373
2,502
196,622
Creditors
41,979
60,322
14,629
68,864
Accruals and Deferred Income
8,147
-43,472
-31,917
166,713
Deferred Taxes & Provisions
-7,983
10,122
2,044
1,841
Cash flow from operations
79,295
-27,259
44,170
89,449
Investing Activities
capital expenditure
-19,000
-58,345
-1,537
-96,705
Change in Investments
20,000
cash flow from investments
-19,000
-58,345
-1,537
-116,705
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-17,747
72,573
-48,487
48,487
other long term liabilities
-21,018
21,018
share issue
150
interest
1,194
719
218
11
cash flow from financing
-16,553
52,274
-27,251
48,648
cash and cash equivalents
cash
39,222
-28,811
15,382
21,392
overdraft
-4,519
4,519
change in cash
43,741
-33,330
15,382
21,392
t clover 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 t clover racing limited. Get real-time insights into t clover racing limited's credit score, group structure and payment trends.
Perform a competitor analysis for t clover racing limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in CB8 area or any other competitors across 12 key performance metrics.
t clover racing limited Ownership
T CLOVER RACING LIMITED group structure
T Clover Racing Limited has no subsidiary companies.
Ultimate parent company
T CLOVER RACING LIMITED
12516026
T CLOVER RACING LIMITED Shareholders
The largest shareholders in T Clover Racing Limited include Jacqueline Gweneth Clover and Gabrielle Amy Stephanie Jarvis.
jacqueline gweneth clover
33.33%
gabrielle amy stephanie jarvis
33.33%
thomas paul william clover
33.33%
t clover racing limited directors
T Clover Racing Limited currently has 3 directors.
The longest serving directors include
Mrs Jaclyn Clover (Mar 2020) and
Mr Thomas Clover (Mar 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
127k
+0.6%
total assets
473.1k
+0.17%
cash
47.2k
+4.93%
net assets
Total assets minus all liabilities
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t clover racing limited company details
company number
12516026
Type
Private limited with Share Capital
industry
01430 - Raising of horses and other equines
incorporation date
March 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
tom clover racing stables limited (May 2020)
accountant
-
auditor
-
address
kremlin house stables, fordham road, newmarket, suffolk, CB8 7AQ
Bank
-
Legal Advisor
-
t clover 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 t clover racing limited.
t clover racing limited Capital Raised & Share Issues BETA
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t clover racing limitedCompanies House Filings - See Documents
