CHEPSTOW RACES LIMITED
🌳Matureactive
02020650 · ltd · incorporated 1986-05-16
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
£8.34M
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 36.4y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 36.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
34 officers (3 active, 34 linked, 26 with DOB)
85
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
168 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
75/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £155,023
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 | £8.34M |
| Gross profit | £2.41M |
| Operating profit | £-155.0k |
| Profit before tax | £-155.0k |
| Average employees | 1700 |
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
0
filings
Last 180 days
4
filings
- • 4 officers
Counts from Companies House filing history.
Corporate timeline (81 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
- 2022-03-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-28➖ROBERTSON, Kevin Stuart resigneddirector
- 2022-02-28➕SPINCER, Mark appointeddirector
- 2022-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-26📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-20📄accounts-with-accounts-type-fullaccounts · AA
- 2020-01-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-10-08📄accounts-with-accounts-type-fullaccounts · AA
- 2018-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2018-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-09-29➖O'DRISCOLL, Patrick Colin resigneddirector
- 2018-05-10🔓Charge satisfied #3
- 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 #2
- 2007-08-20🔒Charge registered #3Lender: 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
- 2007-06-22➖JONES, Stephen Rhys resigneddirector
- 2007-02-14➖KELLY, Anthony Brian resignedsecretary
- 2007-02-14➕NELSON, Rachel Anne appointedsecretary
- 2006-12-31➖CLARE, Stephen Melvyn resigneddirector
- 2005-10-14🔒Charge registered #2Lender: Aib Group (UK) PLC
- 2004-12-31➖GRODZINSKI, Peter Gregory resigneddirector
- 2004-09-19➖CLARKE, Stanley William, Sir resigneddirector
- 2004-09-10➕KELLY, Anthony Brian appointedsecretary
- 2004-09-10➕KELLY, Anthony Brian appointeddirector
Showing most recent 50 of 81 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
1 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
Group structure
Northern Racing Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Northern Racing Limited
Corporate parent · holds 75-100% shares · board control
⬇
CHEPSTOW RACES LIMITED
This company · 02020650
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 Racing 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
Active · Leisure & entertainment · SW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 10IS ACADEMY LIMITED→ 10018703 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 12 ROUNDS BOXING LTD→ 08553301 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 17FILMS LTD→ 05704252 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| 1936MGMT LTD→ 14391155 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 19TH STREET PRODUCTIONS LTD→ 09780564 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 1UP EVENTS LTD→ 16238326 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 24 HOUR ENTERTAINMENT LIMITED→ 14080823 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 28&2 PRODUCTIONS LTD→ 15663455 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 2ND TEAM CASTING LTD→ 15614261 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 2PADEL LIMITED→ 16819578 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 324 ACTIVITIES LIMITED→ 15487408 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 345 GOLF LIMITED→ 11184798 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1986-05-16
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: 2026-05-21
Last: 2025-05-07
Officers (3 active · 31 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 →
BRAMBELL, John Andrew Patrick→
Resignedsecretary · appointed 1998-06-24 · resigned 1999-02-28
FRANCIS, George Carwardine→
Resignedsecretary · resigned 1998-06-24
HORLESTON, Peter George→
Resignedsecretary · appointed 1999-03-09 · resigned 2001-04-30
JONES, Stephen Rhys→
Resignedsecretary · appointed 2001-04-30 · resigned 2003-12-17
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 2003-12-17 · resigned 2004-09-03
ABRAHAMS, Michael David→
Resigneddirector · ~89y · resigned 1991-08-01
CLARE, Stephen Melvyn→
Resigneddirector · ~72y · appointed 2002-12-15 · resigned 2006-12-31
CLARKE, Simon William→
Resigneddirector · ~61y · appointed 2003-12-17 · resigned 2007-06-22
CLARKE, Stanley William, Sir→
Resigneddirector · ~93y · appointed 2002-07-19 · resigned 2004-09-19
CLAY, Glynne Herbert Charles→
Resigneddirector · ~95y · resigned 2000-04-13
DEER, Daniel John→
Resigneddirector · ~88y · appointed 1997-10-01 · resigned 2003-12-17
FRANCIS, George Carwardine→
Resigneddirector · ~97y · resigned 1999-12-31
GALLAGHER, Keiran James→
Resigneddirector · ~52y · appointed 2025-11-21 · resigned 2025-11-21
GRODZINSKI, Peter Gregory→
Resigneddirector · ~79y · appointed 2002-07-19 · resigned 2004-12-31
HARRINGTON, Julie Anne→
Resigneddirector · ~57y · appointed 2008-01-31 · resigned 2012-03-16
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| 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 | Homerace Betting Levy Board. | Legal charge | 1 property | 17/11/1989 | 25/05/2000 |
Recent filings (168 total)
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
2025-05-07
accounts-with-accounts-type-full
accounts · AA
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-full
accounts · AA
2023-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
termination-director-company-with-name-termination-date
officers · TM01
2022-03-22
appoint-person-director-company-with-name-date
officers · AP01
2022-03-22