Alan King Racing Limited

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SOLUTIONS

alan king racing limited Company Information

Live

MatureSmallDeclining

Company Number

03888606

Website

www.alankingracing.co.uk

Registered Address

barbury castle stables, wroughton, swindon, wiltshire, SN4 0QZ

Industry

Activities of racehorse owners

Telephone

01793815009

Next Accounts Due

January 2025

Group Structure

View All

Directors

Alan King24 Years

Rachel King23 Years

Shareholders

alan king 60%

rachel june king 40%

alan king racing limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of ALAN KING RACING LIMITED at £3.3m based on Net Assets of £1.2m and 2.67x industry multiple (adjusted for liquidity).

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Alan King Racing Limited is a live company located in swindon, SN4 0QZ with a Companies House number of 03888606. It operates in the activities of racehorse owners sector, SIC Code 93191. Founded in December 1999, it's largest shareholder is alan king with a 60% stake. Alan King Racing Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Alan King Racing Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

0 Regular

5 Weak

Size

annual sales of £1.1m, make it larger than the average company (£272.9k)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (17.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALAN KING RACING LIMITED group structure

Alan King Racing Limited has no subsidiary companies.

Ultimate parent company

ALAN KING RACING LIMITED

03888606

ALAN KING RACING LIMITED Shareholders

alan king	60%
rachel june king	40%

Alan King Racing Limited currently has 2 directors. The longest serving directors include Mr Alan King (Dec 1999) and Ms Rachel King (Nov 2000).

officer	country	age	start	end	role
Mr Alan King	England	57 years	Dec 1999	-	Director
Ms Rachel King		51 years	Nov 2000	-	Director

EXPORT

Alan King Racing Limited's latest turnover from April 2023 is estimated at £1.1 million and the company has net assets of £1.2 million. According to their latest financial statements, Alan King Racing Limited has 39 employees and maintains cash reserves of £728 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,137,940	2,145,907	1,091,155	1,523,932	1,728,410	2,051,466	2,942,038	2,752,583	1,079,658	1,414,084	1,217,969	1,605,009	3,206,582	2,120,906
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,341,069	6,411,356	1,074,865	3,457,962	6,454,590	4,788,531	1,793,689	1,696,283	1,733,830	2,309,857	1,306,369	1,412,835	2,710,670	1,648,874
Gross Profit	-3,203,129	-4,265,449	16,289	-1,934,030	-4,726,180	-2,737,066	1,148,349	1,056,300	-654,172	-895,773	-88,400	192,174	495,912	472,032
Admin Expenses	-3,149,156	-4,087,632	-34,006	-1,880,527	-4,730,024	-2,688,358	760,876	739,746	-770,786	-1,080,122	-175,835	146,487	275,475	-495,326
Operating Profit	-53,973	-177,817	50,295	-53,503	3,844	-48,708	387,473	316,554	116,614	184,349	87,435	45,687	220,437	967,358
Interest Payable	0	0	4	56	57	0	1,199	1,785	0	0	0	0	0	0
Interest Receivable	37,498	7,785	1,011	928	7,083	5,213	5,499	4,800	3,927	3,123	2,948	2,773	2,478	1,143
Pre-Tax Profit	-16,475	-170,032	51,301	-52,631	10,870	-43,495	391,773	319,569	120,541	187,472	90,383	48,461	222,915	968,501
Tax	0	0	-9,747	0	-2,065	0	-85,023	-72,945	-24,108	-39,369	-20,788	-11,631	-57,958	-271,180
Profit After Tax	-16,475	-170,032	41,554	-52,631	8,805	-43,495	306,750	246,624	96,433	148,103	69,595	36,830	164,957	697,321
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-16,475	-170,032	41,554	-52,631	8,805	-43,495	306,750	246,624	96,433	148,103	69,595	36,830	164,957	697,321
Employee Costs	0	382,184	273,074	170,015	146,301	205,083	214,000	190,666	26,853	0	0	0	0	0
Number Of Employees	39	43	48	49	46	46	48	60	6	1	6	0	0	0
EBITDA*	4,688	-108,322	132,605	28,649	65,550	7,694	442,885	361,997	156,239	225,089	129,446	91,358	265,701	1,012,751

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	224,371	276,925	319,782	326,809	356,496	213,675	247,777	262,789	181,345	123,827	119,637	144,814	155,295	183,394
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	224,371	276,925	319,782	326,809	356,496	213,675	247,777	262,789	181,345	123,827	119,637	144,814	155,295	183,394
Stock & work in progress	351,310	349,484	173,972	173,378	279,957	300,040	222,705	274,374	207,612	327,009	207,124	137,833	138,629	94,217
Trade Debtors	562,329	481,841	504,653	439,898	529,047	533,958	471,975	387,501	477,945	492,667	456,466	495,499	611,057	508,723
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	109,777	0	0	0	0	0	0
Cash	728,030	1,036,573	1,039,430	981,891	874,548	1,014,333	1,071,062	749,123	925,596	645,256	603,869	575,515	533,805	457,288
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,641,669	1,867,898	1,718,055	1,595,167	1,683,552	1,848,331	1,765,742	1,520,775	1,611,153	1,464,932	1,267,459	1,208,847	1,283,491	1,060,228
total assets	1,866,040	2,144,823	2,037,837	1,921,976	2,040,048	2,062,006	2,013,519	1,783,564	1,792,498	1,588,759	1,387,096	1,353,661	1,438,786	1,243,622
Bank overdraft	0	0	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	0	0
Trade Creditors	246,005	836,275	530,344	438,940	474,693	618,554	507,912	152,995	519,327	450,240	395,606	422,770	525,147	478,294
Group/Directors Accounts	0	0	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	0	0
hp & lease commitments	18,611	0	0	0	0	0	0	10,043	0	0	0	0	0	0
other current liabilities	336,942	0	0	0	0	0	0	360,424	0	0	0	0	0	0
total current liabilities	601,558	836,275	530,344	438,940	474,693	618,554	507,912	523,462	519,327	450,240	395,606	422,770	525,147	478,294
loans	0	0	0	140	1,693	0	0	98	0	0	0	0	0	0
hp & lease commitments	496	0	0	59,982	82,039	0	0	14,366	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	18,839	41,979	0	0	175	14,815	0	26,821	2,981	6,240	6,094	26,427	37,479
provisions	39,545	48,793	54,566	53,520	59,598	30,057	34,077	35,675	33,011	18,632	16,447	25,589	24,834	30,428
total long term liabilities	40,041	67,632	96,545	113,642	143,330	30,232	48,892	50,139	59,832	21,613	22,687	31,683	51,261	67,907
total liabilities	641,599	903,907	626,889	552,582	618,023	648,786	556,804	573,601	579,159	471,853	418,293	454,453	576,408	546,201
net assets	1,224,441	1,240,916	1,410,948	1,369,394	1,422,025	1,413,220	1,456,715	1,209,963	1,213,339	1,116,906	968,803	899,208	862,378	697,421
total shareholders funds	1,224,441	1,240,916	1,410,948	1,369,394	1,422,025	1,413,220	1,456,715	1,209,963	1,213,339	1,116,906	968,803	899,208	862,378	697,421

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-53,973	-177,817	50,295	-53,503	3,844	-48,708	387,473	316,554	116,614	184,349	87,435	45,687	220,437	967,358
Depreciation	58,661	69,495	82,310	82,152	61,706	56,402	55,412	45,443	39,625	40,740	42,011	45,671	45,264	45,393
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-9,747	0	-2,065	0	-85,023	-72,945	-24,108	-39,369	-20,788	-11,631	-57,958	-271,180
Stock	1,826	175,512	594	-106,579	-20,083	77,335	-51,669	66,762	-119,397	119,885	69,291	-796	44,412	94,217
Debtors	80,488	-22,812	64,755	-89,149	-4,911	61,983	-25,303	19,333	-14,722	36,201	-39,033	-115,558	102,334	508,723
Creditors	-590,270	305,931	91,404	-35,753	-143,861	110,642	354,917	-366,332	69,087	54,634	-27,164	-102,377	46,853	478,294
Accruals and Deferred Income	336,942	0	0	0	0	0	-360,424	360,424	0	0	0	0	0	0
Deferred Taxes & Provisions	-9,248	-5,773	1,046	-6,078	29,541	-4,020	-1,598	2,664	14,379	2,185	-9,142	755	-5,594	30,428
Cash flow from operations	-340,202	39,136	149,959	182,546	-25,841	-25,002	427,729	199,713	349,716	86,453	42,094	94,459	102,256	647,353
Investing Activities
capital expenditure	-6,107	-26,638	-75,283	-52,465	-204,527	-22,300	-40,400	-126,887	-97,143	-44,930	-16,834	-35,190	-17,165	-228,787
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,107	-26,638	-75,283	-52,465	-204,527	-22,300	-40,400	-126,887	-97,143	-44,930	-16,834	-35,190	-17,165	-228,787
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	-140	-1,553	1,693	0	-98	98	0	0	0	0	0	0
Hire Purchase and Lease Commitments	19,107	0	-59,982	-22,057	82,039	0	-24,409	24,409	0	0	0	0	0	0
other long term liabilities	-18,839	-23,140	41,979	0	-175	-14,640	14,815	-26,821	23,840	-3,259	146	-20,333	-11,052	37,479
share issue	0	0	0	0	0	0	-59,998	-250,000	0	0	0	0	0	100
interest	37,498	7,785	1,007	872	7,026	5,213	4,300	3,015	3,927	3,123	2,948	2,773	2,478	1,143
cash flow from financing	37,766	-15,355	-17,136	-22,738	90,583	-9,427	-65,390	-249,299	27,767	-136	3,094	-17,560	-8,574	38,722
cash and cash equivalents
cash	-308,543	-2,857	57,539	107,343	-139,785	-56,729	321,939	-176,473	280,340	41,387	28,354	41,710	76,517	457,288
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-308,543	-2,857	57,539	107,343	-139,785	-56,729	321,939	-176,473	280,340	41,387	28,354	41,710	76,517	457,288

P&L

April 2023

turnover

1.1m

-47%

operating profit

-54k

gross margin

-281.4%

+41.61%

turnover

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

Balance Sheet

April 2023

net assets

1.2m

-0.01%

total assets

1.9m

-0.13%

cash

728k

-0.3%

net assets

Total assets minus all liabilities

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company number

03888606

Type

Private limited with Share Capital

industry

93191 - Activities of racehorse owners

incorporation date

December 1999

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

barbury castle stables, wroughton, swindon, wiltshire, SN4 0QZ

last accounts submitted

April 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 2 charges/mortgages relating to alan king racing limited. Currently there are 2 open charges and 0 have been satisfied in the past.

alan king racing limited Company Information

alan king racing limited Estimated Valuation

alan king racing limited Estimated Valuation

alan king racing limited Estimated Valuation

Alan King Racing Limited AI Business Plan

Alan King Racing Limited Overview

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alan king racing limited Ownership

alan king racing limited directors

ALAN KING RACING LIMITED financials

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