How much does Northern Races Limited make?

Northern Races Limited reported revenue of £16.1m and £1.7m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Northern Races Limited have?

Northern Races Limited reported an average of 62 employees in the year to 31 Dec 2025.

Is Northern Races Limited profitable?

Yes — Northern Races Limited reported a profit of £1.7m in the year to 31 Dec 2025.

Company No. 02928971 · Incorporated 13 May 1994

Northern Races Limited

Registered name: NORTHERN RACES LIMITED

Part of NR Acquisitions Topco Limited group

Northern Races Limited made £16.1m revenue and £1.7m profit in the year to 31 Dec 2025.

Northern Races Limited’s revenue grew 95% to £16.1m in the year to 31 Dec 2025, with £1.7m profit and 62 employees. The company is classified under “operation of sports facilities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 93110Operation of sports facilities

Status: Active
Location: London, London
Age: 32 yrs · since 1994
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£16.1m

Growth ▲94.8%

Profit

£1.7m

Growth —

Profit margin

10.8%

Gross 100%

Employees

Change 0%

Profit / employee

£28.2k

Revenue/employee £260k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£5.9m	£8.3m	£16.1m
Gross profit	£5.9m	£8.3m	£16.1m
Operating profit	£531k	−£6.1m	£1.7m
Profit before tax	£531k	−£6.1m	£1.7m
Profit after tax	£536k	−£6.1m	£1.7m
Profit (best available)	£536k	−£6.1m	£1.7m
Employees (average)	76	62	62
Ratios
Profit margin	9%	−73.9%	10.8%
Gross margin	100%	100%	100%
Revenue per employee	£78.3k	£133k	£260k
Profit per employee	£7.1k	−£98.4k	£28.2k
Growth (year on year)
Revenue growth	—	▲38.9%	▲94.8%
Profit growth	—	▼1239%	—
Headcount growth	—	▼18.4%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£143k	£678k	£416k
Net assets	£16.5m	£10.4m	£12.2m
Fixed assets	£20.4m	£20.5m	£20.8m
Current assets	£123m	£158m	£198m
Debtors	£0	£23.4k	£201k
Deferred income	£0	£348k	£347k
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 10.8%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £260k; Revenue ÷ average employees.
Profit per employee: £28.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 129%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.3%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲17%; Now £12.2m
Cash at bank: ▼39%; Now £416k
Headcount: 0%; Now 62
Deferred income: ▼0%; Now £347k
Fixed assets: ▲1%; Now £20.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

NR Acquisitions Topco Limitedultimate parent75–100%
NR Acquisitions Midco Limited75–100%
NR Acquisitions Limited75–100%
Northern Racing Ltd50–75%
Northern Races Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (8)

High Gosforth Park LimitedRev. £24.9m · Profit £1.2m
Bath Racecourse Company,limitedRev. — · Profit £126k
Brighton Racecourse Company LimitedRev. — · Profit £521k
Fontwell Park Steeplechase Limited (The)Rev. — · Profit −£183k
Great Yarmouth Racecourse LimitedRev. — · Profit −£96.7k
Hereford Racecourse Company LimitedRev. — · Profit £167k
Sedgefield Steeplechase Company (1927) LimitedFigures not disclosed
Uttoxeter Leisure and Development Company LimitedRev. — · Profit £1.3m

Sister companies (2)

Chepstow Markets LimitedFigures not disclosed
Chepstow Races LimitedRev. — · Profit £333k

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.7m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.