BATH RACECOURSE COMPANY,LIMITED
🌳Matureactive
00159562 · ltd · incorporated 1919-10-14
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
£5.63M
year to Dec 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
PursueStrong opportunity: conservative operator with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 62/100. Strong seller-intent signal (60/100, director aged 52). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (62/100).
🏦
Refinance opportunity
11 live charges · 8 lenders · oldest 29.6y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 29.6 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
35 officers (3 active, 35 linked, 29 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
207 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £107,489
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Turnover | £5.63M |
| Gross profit | £2.03M |
| Operating profit | £107.5k |
| Profit before tax | £107.5k |
| Average employees | 1300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
5
filings
- • 4 officers
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (101 events)Click to expand
- 2026-04-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-31🔒Charge registered #11Lender: Horserace Betting Levy Board
- 2025-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-21➕GALLAGHER, Kieran James appointeddirector
- 2025-11-21➕GALLAGHER, Keiran James appointeddirector
- 2025-11-21➖GALLAGHER, Keiran James resigneddirector
- 2025-11-21➖SPINCER, Mark resigneddirector
- 2025-10-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-04📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-12📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2022-01-07📄accounts-with-accounts-type-smallaccounts · AA
- 2021-04-26📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 2020-01-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-10-08📄accounts-with-accounts-type-smallaccounts · AA
- 2019-07-04➖ROBERTSON, Kevin Stuart resigneddirector
- 2019-07-04➕SPINCER, Mark appointeddirector
- 2019-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-07-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2018-09-29➖O'DRISCOLL, Patrick Colin resigneddirector
- 2018-05-10🔓Charge satisfied #10
- 2018-05-10🔓Charge satisfied #9
- 2015-07-23➖KELLY, Anthony Brian resigneddirector
- 2014-06-30➕ROBERTSON, Kevin Stuart appointeddirector
- 2012-08-31➖RENTON, Robert Ian resigneddirector
- 2012-05-30➕RENTON, Robert Ian appointeddirector
- 2012-05-14➕HILL, Megan Joy appointedsecretary
- 2012-05-14➖NELSON, Rachel Anne resignedsecretary
- 2012-03-16➖HARRINGTON, Julie Anne resigneddirector
- 2008-06-30➖STREET, Rodney Grant resigneddirector
- 2008-01-31➕HARRINGTON, Julie Anne appointeddirector
- 2007-08-31🔓Charge satisfied #8
- 2007-08-31🔓Charge satisfied #7
- 2007-08-20🔒Charge registered #10Lender: The Governor and Company of the Bank of Scotland (The Security Trustee)
- 2007-08-20🔒Charge registered #9Lender: The Governor and Company of the Bank of Scotland as Security Trustee for the Secured Parties(The Security Trustee)
- 2007-08-01➕NAHUM, Stephane Abraham Joseph appointeddirector
- 2007-08-01➕O'DRISCOLL, Patrick Colin appointeddirector
- 2007-07-31➖MOORSOM, Christopher John Leon resigneddirector
- 2007-06-22➖CLARKE, Simon William resigneddirector
- 2007-02-14➖KELLY, Anthony Brian resignedsecretary
- 2007-02-14➕NELSON, Rachel Anne appointedsecretary
- 2005-12-17🔓Charge satisfied #6
- 2005-12-17🔓Charge satisfied #5
- 2005-12-17🔓Charge satisfied #4
Showing most recent 50 of 101 events
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GALLAGHER, Keiran James resigned 2025-11-21; SPINCER, Mark resigned 2025-11-21
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Northern Races Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Northern Races Limited
Corporate parent · holds 75-100% shares · board control
⬇
BATH RACECOURSE COMPANY,LIMITED
This company · 00159562
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Northern Races Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| A FLY ON THE WALL LTD→ 16249046 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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| ABSTRCT STUDIO LIMITED→ 16063092 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACADEMY CONDITIONING LTD→ 08926580 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ACADEMY MUSIC GROUP LIMITED→ 03463738 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| ACLB PRINTS LTD→ 15385135 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACS GOLF LIMITED→ 16561080 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACTIVE HEALTH REVIVAL LIMITED→ 11781039 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ACTIVE LIVING SUPPORT C.I.C.→ 10156441 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ACTONIANS WOMENS AND GIRLS FOOTBALL CLUB LTD→ 17047218 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1919-10-14
Jurisdictionengland-wales
Primary SIC93110 — Operation of sports facilities
Registered office
4th Floor Millbank Tower
21-24 Millbank
London
England
SW1P 4QP
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-18
Last: 2025-10-04
Officers (3 active · 32 resigned)
Active
GALLAGHER, Kieran James→
Activedirector · ~52y · appointed 2025-11-21
View their other companies + combined net worth →
NAHUM, Stephane Abraham Joseph→
Activedirector · ~51y · appointed 2007-08-01
View their other companies + combined net worth →
KELLY, Anthony Brian→
Resignedsecretary · appointed 2004-09-10 · resigned 2007-02-14
NELSON, Rachel Anne→
Resignedsecretary · appointed 2007-02-14 · resigned 2012-05-14
STOKES, Mark Bryan→
Resignedsecretary · appointed 2001-05-31 · resigned 2004-09-03
TOLLER, Charles Bolton, Captain→
Resignedsecretary · resigned 1996-12-12
WILCOX, Sylvia June→
Resignedsecretary · appointed 1996-12-12 · resigned 2001-05-31
BARTON, Desmond Harold→
Resigneddirector · ~105y · resigned 1996-08-28
CHARLTON, Roger John→
Resigneddirector · ~76y · appointed 1994-08-31 · resigned 2001-10-08
CLARKE, Simon William→
Resigneddirector · ~61y · appointed 2000-10-23 · resigned 2007-06-22
CLARKE, Stanley William, Sir→
Resigneddirector · ~93y · appointed 2000-10-23 · resigned 2004-09-19
FARRANT, Rodger David→
Resigneddirector · ~85y · appointed 1996-12-12 · resigned 2001-01-26
FROGGATT, Richard Lindsay→
Resigneddirector · ~77y · appointed 2000-10-23 · resigned 2001-01-26
GALLAGHER, Keiran James→
Resigneddirector · ~52y · appointed 2025-11-21 · resigned 2025-11-21
GERARD PEARSE, Jane Louise→
Resigneddirector · ~63y · appointed 2000-10-23 · resigned 2001-08-01
GLOSSOP, Charles Compton Anthony→
Resigneddirector · ~85y · appointed 2000-10-23 · resigned 2001-08-01
GRODZINSKI, Peter Gregory→
Resigneddirector · ~79y · appointed 2004-01-20 · resigned 2004-12-31
HARRINGTON, Julie Anne→
Resigneddirector · ~57y · appointed 2008-01-31 · resigned 2012-03-16
HORNE, Mark John Fraser→
Resigneddirector · ~78y · appointed 1993-09-01 · resigned 2001-01-26
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
1
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Horserace Betting Levy Board | A registered charge | 2 properties | 31/03/2026 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland (The Security Trustee) | Legal charge | 1 property | 20/08/2007 | 10/05/2018 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Security Trustee for the Secured Parties(The Security Trustee) | Debenture | 1 property | 20/08/2007 | 10/05/2018 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage debenture | 1 property | 14/10/2005 | 31/08/2007 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 1 property | 14/10/2005 | 31/08/2007 | |
| satisfied | Aib Group (UK) as Agent and Trustee for the Lenders Aib Group (UK) PLC as Agent and Trustee for the Lenders | Amendment agreement relating to a mortgage debenture dated 20 december 2002 and | 1 property | 28/02/2003 | 17/12/2005 | |
| satisfied | Aib Group (UK) as Agent and Trustee for the Lenders Aib Group (UK) PLC as Agent and Trustee for the Lenders | Legal mortgage | 2 properties | 28/02/2003 | 17/12/2005 | |
| satisfied | Aib Group (UK) P.L.C. | Mortgage debenture | 1 property | 20/12/2002 | 17/12/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 29/11/2001 | 13/03/2003 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 11/10/2001 | 13/03/2003 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 22/10/1996 | 13/03/2003 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (207 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-01
appoint-person-director-company-with-name-date
officers · AP01
2025-12-19
termination-director-company-with-name-termination-date
officers · TM01
2025-12-19
appoint-person-director-company-with-name-date
officers · AP01
2025-12-16
termination-director-company-with-name-termination-date
officers · TM01
2025-12-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-06
accounts-with-accounts-type-full
accounts · AA
2025-09-04
accounts-with-accounts-type-full
accounts · AA
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
accounts-with-accounts-type-full
accounts · AA
2023-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
accounts-with-accounts-type-small
accounts · AA
2022-01-07