HEREFORD RACECOURSE COMPANY LIMITED
🌳Matureactive
00392872 · ltd · incorporated 1945-01-31
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
£3.53M
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 bankable structure.
Opportunity 73/100 (strong), bankability 77/100. Strong seller-intent signal (68/100, director aged 52). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
9 live charges · 6 lenders · oldest 24.7y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 24.7 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
46 officers (3 active, 46 linked, 41 with DOB)
88
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
206 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 £441,385
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 | £3.53M |
| Gross profit | £1.29M |
| Operating profit | £441.4k |
| Profit before tax | £441.4k |
| Average employees | 700 |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
5
filings
- • 4 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (115 events)Click to expand
- 2025-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-16📄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
- 2018-10-04📄accounts-with-accounts-type-smallaccounts · AA
- 2018-09-29➖O'DRISCOLL, Patrick Colin resigneddirector
- 2018-05-10🔓Charge satisfied #9
- 2018-05-10🔓Charge satisfied #8
- 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 #7
- 2007-08-31🔓Charge satisfied #6
- 2007-08-20🔒Charge registered #9Lender: The Governor and Company of the Bank of Scotland (The Security Trustee)
- 2007-08-20🔒Charge registered #8Lender: 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
- 2007-06-22➖CLARKE, Simon William resigneddirector
- 2007-03-26➖PHILLIPS, Roger James resigneddirector
- 2007-02-14➖KELLY, Anthony Brian resignedsecretary
- 2007-02-14➕NELSON, Rachel Anne appointedsecretary
- 2005-12-17🔓Charge satisfied #5
- 2005-12-17🔓Charge satisfied #4
- 2005-12-17🔓Charge satisfied #3
- 2005-10-14🔒Charge registered #7Lender: Aib Group (UK) PLC
- 2005-10-14🔒Charge registered #6Lender: Aib Group (UK) PLC
Showing most recent 50 of 115 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
⬇
HEREFORD RACECOURSE COMPANY LIMITED
This company · 00392872
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 LKHAYAL TOURISME ET EXPLORATION LIMITED→ 15453700 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AIR FILMS LIMITED→ 15557576 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AJ'S ENTERPRISES (LONDON) LTD→ 09092358 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AKILA POLE STUDIO LTD→ 14599693 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALBAYAA MEDIA LTD→ 17030143 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALBORZ FITNESS LIMITED→ 13562667 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALDER BENNETT LTD→ 16372712 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALLIGATOR TOUR LTD→ 15916449 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALMSBOROUGH LTD→ 04944279 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ALPINE WEEKENDS LIMITED→ 04822363 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ALTURA CREATIONS LTD→ 12818569 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AM BUSINESS GROUP LTD→ 16808624 · est 2025 · 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
Incorporated1945-01-31
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: 2027-06-22
Last: 2026-06-08
Officers (3 active · 43 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 2001-06-30 · resigned 2004-09-03
WILLIAMS, John→
Resignedsecretary · resigned 2001-06-30
ALFORD, Robert Edward Geoffrey→
Resigneddirector · ~101y · appointed 1993-05-19 · resigned 1994-05-18
ANDREWS, Leslie Mervyn Henson→
Resigneddirector · ~82y · appointed 2000-05-31 · resigned 2003-07-11
ANDREWS, Leslie Mervyn Henson→
Resigneddirector · ~82y · appointed 1996-05-15 · resigned 1997-05-15
BENGOUGH, Piers Henry George, Sir→
Resigneddirector · ~97y · resigned 2001-02-23
CLARKE, Simon William→
Resigneddirector · ~61y · appointed 2001-03-08 · resigned 2007-06-22
CLARKE, Stanley William, Sir→
Resigneddirector · ~93y · appointed 2001-03-08 · resigned 2004-09-19
CLOWES, Henry Benjamin Beaufoy→
Resigneddirector · ~70y · appointed 2000-06-05 · resigned 2001-02-23
COTTERELL BARONET, John Henry Geers, Sir→
Resigneddirector · ~91y · resigned 2001-02-23
COURT, Terence Clifford→
Resigneddirector · ~86y · appointed 2000-03-10 · resigned 2001-02-23
DAVIES, Charles Patrick Conroy, The Rightworshipful The Mayor Of Hereford (Council→
Resigneddirector · ~74y · appointed 1992-05-20 · resigned 1993-05-19
DUNNE, Thomas Raymond, Sir→
Resigneddirector · ~93y · resigned 1998-05-25
FLEET, David John→
Resigneddirector · ~82y · appointed 1998-05-01 · resigned 1999-05-20
GALLAGHER, Keiran James→
Resigneddirector · ~52y · appointed 2025-11-21 · resigned 2025-11-21
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
0
Outstanding
0
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| 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 |
Recent filings (206 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-08
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
2025-12-17
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-07
accounts-with-accounts-type-full
accounts · AA
2025-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-09
accounts-with-accounts-type-full
accounts · AA
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-10
accounts-with-accounts-type-full
accounts · AA
2023-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-08
accounts-with-accounts-type-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08
accounts-with-accounts-type-small
accounts · AA
2022-01-07