Niu Racing Ltd

POWER SEARCH PRICING

SOLUTIONS

niu racing ltd Company Information

Live

MatureSmallDeclining

Company Number

NI027984

Website

Registered Address

new central buildings, 37a church place, lurgan, co. armagh, BT66 6EU

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

Telephone

Next Accounts Due

March 2025

Group Structure

View All

Directors

Henry Daly30 Years

Jerry Scullion30 Years

Shareholders

trustees of owens family trust 77.7%

martin mcknight 12%

View All

niu racing ltd Estimated Valuation

£954.6k

Pomanda estimates the enterprise value of NIU RACING LTD at £954.6k based on a Turnover of £1.7m and 0.56x industry multiple (adjusted for size and gross margin).

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Niu Racing Ltd is a live company located in lurgan, BT66 6EU with a Companies House number of NI027984. It operates in the other sports activities sector, SIC Code 93199. Founded in December 1993, it's largest shareholder is trustees of owens family trust with a 77.7% stake. Niu Racing Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Niu Racing Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

3 Weak

Size

annual sales of £1.7m, make it larger than the average company (£556.6k)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NIU RACING LTD group structure

Niu Racing Ltd has no subsidiary companies.

Ultimate parent company

NIU RACING LTD

NI027984

NIU RACING LTD Shareholders

trustees of owens family trust	77.67%
martin mcknight	11.96%
henry daly & philip mccartan	6.64%
john mcroberts	1.33%
j. wallace & gerry scullion & paul malone & d. gibson & michael o'hanlon & john rodgers & d. dunne & sean rooney & william thompson & s. thresfall	0.66%
james mccartan & james johnston	0.66%
vincent toner	0.66%
john hagan & ernest courtney & michael atchesa & h. kinnen & robert wallace & james peake	0.4%

Niu Racing Ltd currently has 2 directors. The longest serving directors include Mr Henry Daly (Dec 1993) and Mr Jerry Scullion (Dec 1993).

officer	country	age	start	end	role
Mr Henry Daly	Northern Ireland	78 years	Dec 1993	-	Director
Mr Jerry Scullion		70 years	Dec 1993	-	Director

EXPORT

Niu Racing Ltd's latest turnover from June 2023 is estimated at £1.7 million and the company has net assets of £211.5 thousand. According to their latest financial statements, we estimate that Niu Racing Ltd has 13 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Turnover	1,701,314	1,857,158	2,002,547	2,123,709	1,615,894	1,718,466	1,838,736	2,065,401	2,073,466	2,282,089	2,132,575	0	2,212,745
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,386,775	1,438,075	1,668,420	1,703,194	1,276,096	1,339,982	1,376,962	1,576,972	1,598,694	1,803,226	1,704,363	0	1,789,162
Gross Profit	314,539	419,083	334,127	420,515	339,798	378,484	461,775	488,428	474,772	478,863	428,212	0	423,583
Admin Expenses	314,539	419,083	334,127	420,515	339,798	378,484	275,973	488,428	474,772	478,863	349,028	61,432	340,567
Operating Profit	0	0	0	0	0	0	185,802	0	0	0	79,184	-61,432	83,016
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	0	0	0	0	0	0	185,802	0	0	0	79,184	-61,432	83,016
Tax	0	0	0	0	0	0	-35,302	0	0	0	-18,212	0	-21,584
Profit After Tax	0	0	0	0	0	0	150,500	0	0	0	60,972	-61,432	61,432
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	0	0	0	0	150,500	0	0	0	60,972	-61,432	61,432
Employee Costs	334,927	394,874	0	380,525	322,986	303,853	347,060	347,957	372,253	335,900	348,717	0	345,721
Number Of Employees	13	15	19	17	14	14	16	16	15	14	14	0	15
EBITDA*	0	0	0	0	0	0	185,802	0	0	0	79,184	-61,432	83,016

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2011
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,932
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,932
total assets	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,932
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	0	0	0	0	0	0	0	0	0	0	0	0
net assets	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,932
total shareholders funds	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,472	211,932

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	0	0	0	0	0	0	185,802	0	0	0	79,184	-61,432	83,016	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	-35,302	0	0	0	-18,212	0	-21,584	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	0	0	0	0	0	0	0	211,472	-211,932	211,932	0
Creditors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	0	150,500	0	0	0	-150,500	150,500	-150,500	0
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-150,500	0	0	0	150,500	-150,500	150,500	0
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	0	0	0	0	0	0	-150,500	0	0	0	150,500	-150,500	150,500	0
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	0	0	0	0	0	0

P&L

June 2023

turnover

1.7m

-8%

operating profit

gross margin

18.5%

-18.07%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

211.5k

total assets

211.5k

cash

net assets

Total assets minus all liabilities

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company number

NI027984

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

December 1993

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

new central buildings, 37a church place, lurgan, co. armagh, BT66 6EU

last accounts submitted

June 2023

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 found 1 charges/mortgages relating to niu racing ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

niu racing ltd Company Information

niu racing ltd Estimated Valuation

niu racing ltd Estimated Valuation

niu racing ltd Estimated Valuation

Niu Racing Ltd AI Business Plan

Niu Racing Ltd Overview

Niu Racing Ltd Health Check

niu racing ltd Credit Report and Business Information

Niu Racing Ltd Competitor Analysis

niu racing ltd Ownership

niu racing ltd directors

NIU RACING LTD financials

niu racing ltd company details

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