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Which Speedway Clubs Are Making A Profit.


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What difference will it make to us? Unless someone is thinking about going into speedway promotion.....

 

All we really want is for our clubs to be run well, for the fans and riders and staff to feel valued. For our promotions to seemingly be doing all they can to make our clubs a success. We all know whether they are or not, in our opinions, but the reasons we may think they are or more importantly are not, aren't all the same. That is the frustrating part but I guess there's only one answer to that.

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........not just time but obviously people as resourceful as MrMungo and miadfa8 who could surely just have a little dig for us?

 

:)

I did look by directors' names as well. If you search for Chris Van Straaten it shows he is a director of Cradley, Redcar and what appears to be his families Steel stockholding business. Absolutely no mention of Wolves. So Wolves may trade a sole trader or partnership (both highly unlikely) and therefore do not have to file accounts at Companies House. Alternatively as MrMungo says they could trade as ABC Limited and have directors not known to speedway circles. This makes it very difficult to trace.

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I did look by directors' names as well. If you search for Chris Van Straaten it shows he is a director of Cradley, Redcar and what appears to be his families Steel stockholding business. Absolutely no mention of Wolves. So Wolves may trade a sole trader or partnership (both highly unlikely) and therefore do not have to file accounts at Companies House. Alternatively as MrMungo says they could trade as ABC Limited and have directors not known to speedway circles. This makes it very difficult to trace.

Try Powar ltd Wolverhampton

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I did look by directors' names as well. If you search for Chris Van Straaten it shows he is a director of Cradley, Redcar and what appears to be his families Steel stockholding business. Absolutely no mention of Wolves. So Wolves may trade a sole trader or partnership (both highly unlikely) and therefore do not have to file accounts at Companies House. Alternatively as MrMungo says they could trade as ABC Limited and have directors not known to speedway circles. This makes it very difficult to trace.

The aforementioned "Families Steel stockholding business" has "93199 - Other Sport Activities" listed as the nature of the business, which is interesting....

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All clubs will have to file Accounts, but their trading name is not always obvious.

Plymouth, for example, trade(d) as Peninsula Promotions Ltd, which isn't exaclty the first name you would expect.

Others may form a similar pattern.

The information is out there though, just may take a bit of time to find it in some cases.

Only if a LTD Company

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You can probably say the same about most clubs tbh.

 

But for me the biggest winner of our successful season is undoubtedly Dave Parry.Without his funds propping the club up,hate to think where we would be now.

 

I know lots of sponsors that would have given up long ago,given our dismal performances of the last few seasons.

But he stuck by us,and our title triumph is a just and worthly reward for his outstanding loyalty.

I've been meaning to ask for a while, and your post have given me the opportunity, but is the sponsor, Dave Parry, the same guy who rode for Wolves in the 60s?
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I missed that. Balance sheet has "Intangible assets" - £10000. Rider contracts possibly?

Possibly the nominal value of the rider assets if they were sold. They're often not included in balance sheets as human resources don't have a tangible value, but transferring riders would presumably raise some money.

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I've been meaning to ask for a while, and your post have given me the opportunity, but is the sponsor, Dave Parry, the same guy who rode for Wolves in the 60s?

Yep.

 

Not quite sure but think he scored around 15 points from half a dozen matches in 1967/68.

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IOW just announced they are in profit this season!!

How much profit has been made?

 

Are you the tax man?

 

Has Jelly Corbyn sent you to make sure that all those dirty capitalistic profiteering enterprises pay their taxes? Even those based in off-shore tax havens?

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Are you the tax man?

 

Has Jelly Corbyn sent you to make sure that all those dirty capitalistic profiteering enterprises pay their taxes? Even those based in off-shore tax havens?

 

Fair cop, Gov.

Yes I am from HMRC and I shall be knocking on some doors in Perry Barr very soon, as we have received a tip off that a Big Knob is operating in the area.

 

Nuff said.

:rolleyes:

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Fair cop, Gov.

Yes I am from HMRC and I shall be knocking on some doors in Perry Barr very soon, as we have received a tip off that a Big Knob is operating in the area.

 

Nuff said.

:rolleyes:

 

You should put out an advert in the small-ads column of the local paper..."Little Thumper looking for a Big Knob" - You might get more than you are bargaining for. :rofl: :rofl: :rofl:

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You should put out an advert in the small-ads column of the local paper..."Little Thumper looking for a Big Knob" - You might get more than you are bargaining for. :rofl: :rofl: :rofl:

 

uk martin, you are so very helpful!

And of course, yet again, I bow to your superior knowledge in these matters.

 

Just between the two of us, you might perhaps like to have a quick look at some advice that I gave to another tortured soul:-

 

http://www.speedway-forum.co.uk/forums/index.php?showtopic=76007

 

Hope it helps!

 

And don't forget, dear uk martin, you are among friends here, so don't feel inhibited and don't be scared about letting it all pour out.

 

Always remember, a problem shared is a problem doubled.

 

Be careful out there.

:t:

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Tbh everything on there is self explanatory, but tells you very little. Appears to have solvency issues, but in the absence of cash flow,p&l or statement of movements in equity you can't come to any meaningful conclusion.

For example, the poor current ratio could theoretically be the result of payment of a significant cash dividend to the shareholders. Unlikely, but a balance sheet on its own is very little use to get meaningful understanding.

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Tbh everything on there is self explanatory, but tells you very little. Appears to have solvency issues, but in the absence of cash flow,p&l or statement of movements in equity you can't come to any meaningful conclusion.

For example, the poor current ratio could theoretically be the result of payment of a significant cash dividend to the shareholders. Unlikely, but a balance sheet on its own is very little use to get meaningful understanding.

 

Thanks for that.

 

So the abbreviated accounts for Stoke Speedway (Crewsline Ltd) will be equally uninformative?

 

https://beta.companieshouse.gov.uk/company/03549190

 

There don't seem to be any great stashes of money anywhere...........argh!

:unsure:

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Thanks for that.

 

So the abbreviated accounts for Stoke Speedway (Crewsline Ltd) will be equally uninformative?

 

https://beta.companieshouse.gov.uk/company/03549190

 

There don't seem to be any great stashes of money anywhere...........argh!

:unsure:

 

Stashes of money in regards to clubs or as a sport as a whole?

 

There is money in the sport, just not a lot in running a speedway club!

 

https://beta.companieshouse.gov.uk/company/04703061/filing-history

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