Harry Derham Racing Ltd

Harry Derham Racing Ltd is a small, active company based in Newbury, UK, founded four years ago in 2021. It employs eight people and holds £1,900,000 in assets. The company is run by three directors, including solo founder Derham Harry William. It’s an irregular importer, with its top import category being Iron or Steel Products, totaling one month of imports, the last operation conducted on May 01, 2024.

The company operates as a National Hunt trainer, based at Upper Farm Stables, a new purpose-built yard nestled among 90 acres of Berkshire countryside. Harry Derham, a former assistant trainer to Paul Nicholls, has made an impressive start under his own name, boasting a consistent 25 win strike rate. The website highlights the peaceful location, happy team, and offers information about the yard, including a racing club and gallery. The racing club provides exclusive behind-the-scenes access to the yard and the chance to follow the progress of club horses.

Financially, Harry Derham Racing Ltd shows a mixed picture. Accumulated depreciation increased by 150%, while the number of average employees jumped 140%. Bank borrowings surged by 2400%, reaching £9,200, and cash reserves fell 91% to £95,000. Creditors decreased by 38%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company is exempt from an audit, so the figures are unaudited.

The increase in bank borrowings and decrease in cash reserves could be due to investments in the new yard or increased operating expenses. It’s possible the racing club is a new initiative to generate additional revenue, but the financial data doesn’t yet reflect its impact.

Registered in England/Wales under the registration number 13392981, with a registered address at RG20 8BR, England, Newbury, Upper Farm House High Street, Boxford.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.