RACEWAY GLOBAL HOLDINGS LTD
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Cash
£4.6m
-62.2% lowest in 3 filed years
Net assets
-£9.4m
-133.6% lowest in 3 filed years
Employees
698
+52.7% highest in 3 filed years
Profit before tax
-£38m
-134.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-28
| Metric | Trend | 2023-12-31 | 2024-12-29 | 2025-12-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £13,857,645 | £31,870,135 | £47,211,043 | +48.1% | |
| Operating profit | -£7,003,418 | -£11,329,413 | -£21,744,222 | -91.9% | |
| Profit before tax | -£7,484,418 | -£16,249,056 | -£38,155,514 | -134.8% | |
| Net profit | -£7,484,418 | -£16,234,463 | -£38,091,004 | -134.6% | |
| Cash | £23,769,649 | £12,136,747 | £4,588,559 | -62.2% | |
| Total assets less current liabilities | £57,560,279 | £82,628,500 | — | — | |
| Net assets | £38,580,615 | £27,918,406 | -£9,369,819 | -133.6% | |
| Equity | £38,580,615 | £27,918,406 | -£9,369,819 | -133.6% | |
| Average employees | 171 | 457 | 698 | +52.7% | |
| Wages | £6,595,006 | £13,508,168 | £22,828,390 | +69% | |
| Directors' remuneration | £1,340,159 | £1,295,954 | £1,522,895 | +17.5% | |
| Directors' pension contributions | £53,356 | £35,041 | — | — | |
| Highest paid director | £582,689 | £257,575 | £269,104 | +4.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-29 | 2025-12-28 |
|---|---|---|---|---|
| Operating margin | -50.5% | -35.5% | -46.1% | |
| Net margin | -54.0% | -50.9% | -80.7% | |
| Return on capital employed | -12.2% | -13.7% | — | |
| Gearing (liabilities / total assets) | 40.3% | 70.2% | 105.3% | |
| Current ratio | 3.66x | 1.47x | — | |
| Interest cover | -10.05x | -2.22x | -1.32x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- RACEWAY GLOBAL HOLDINGS LTD 2025-01-22 → present
- KINDRED CONCEPTS LIMITED 2020-08-16 → 2025-01-22
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 28 December 2025, the Group had net liabilities of £9.4m with a cash balance of £4.6m. The funding position of the wider Group and the current forecasts prepared by the Directors provide assurance as to the ability of the Group to continue as a Going Concern.”
Group structure
- RACEWAY GLOBAL HOLDINGS LTD · parent
- Raceway Global Ltd 100%
- Raceway Capital Ltd 100%
- Raceway International Ltd 100%
- Raceway Mobile Ltd 100%
- Raceway Trading Ltd 100%
- Raceway Birmingham Ltd 100%
- Raceway ONC Ltd 100%
- Raceway Box London Limited 100%
- Raceway US, Inc. 100%
- Raceway Boston LLC 100%
- Raceway Washington DC LLC 100%
- Raceway Philadelphia LLC 100%
- Raceway Denver LLC 100%
- Raceway Las Vegas LLC 100%
- Raceway Atlanta LLC 100%
- Raceway Chicago LLC 100%
- Raceway Nashville LLC 100%
- Raceway Services LLC 100%
Significant events
- “Atlanta opened to the public on the 6 February 2026.”
- “The Group's first franchise site opened in Madrid on 15 April 2026.”
- “Chicago will open to the public on the 14 August 2026, and Nashville will open to the public in Q4 2027.”
- “On 15 May 2026, Jonathan Peters stepped down as CEO and was replaced by Mat Horvath at the start of June 2026.”
- “The Group drew down a further $24m in respect of the available loan facility to fund working capital of the new sites opening in 2026.”
- “In April 2026, the Group entered into an amendment of its existing facilities agreement with its lending syndicate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREEDEN, Adam Miles | Director | 2020-08-16 | Nov 1975 | British |
| CONNELL, Darrel John | Director | 2022-01-07 | Mar 1981 | Irish |
| HOELSCHER, Josef Roland | Director | 2023-06-02 | Jul 1982 | American |
| JERVIS, Diane | Director | 2021-09-08 | May 1977 | British |
| MURPHY, Stephen Thomas | Director | 2020-10-21 | Aug 1956 | British |
| O'BRIEN, Andrew Vincent | Director | 2021-12-06 | Oct 1985 | Irish |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PETERS, Jonathan Steven | Director | 2021-05-28 | 2026-05-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Adam Miles Breeden | Individual | Shares 25–50%, Voting 25–50% | 2020-08-16 | Ceased 2023-07-21 |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-22 CERTNM Certificate change of name company PDF
- 2024-07-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type group | |
| 2026-08-17 | CH01 | officers | Change person director company with change date | |
| 2026-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-10 | CH01 | officers | Change person director company with change date | |
| 2025-10-10 | CH01 | officers | Change person director company with change date | |
| 2025-09-25 | AA | accounts | Accounts with accounts type group | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-22 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-01-07 | SH08 | capital | Capital name of class of shares | |
| 2024-12-04 | CH01 | officers | Change person director company with change date | |
| 2024-11-28 | SH08 | capital | Capital name of class of shares | |
| 2024-11-28 | SH08 | capital | Capital name of class of shares | |
| 2024-11-28 | SH08 | capital | Capital name of class of shares | |
| 2024-10-04 | AA | accounts | Accounts with accounts type group | |
| 2024-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-02 | CH01 | officers | Change person director company with change date | |
| 2024-02-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-02-07 | SH08 | capital | Capital name of class of shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.