O'neill Racing Ltd

O’Neill Racing Ltd, based in Abingdon, UK, is a small, family-run business with an active status, celebrating 35 years since its founding in 1989. Employing 40 people, the company holds £1,574,695 in assets, though its registered address is a virtual one, shared by 59 other companies. With three directors and two owners, the business operates with a Google rating of 5.0 from 43 reviews, a testament to its reputation. It’s a regular importer of live animals, with nine months of import activity recorded, the latest being October 2024.

The company’s website showcases a dual purpose: racehorse training and ownership. Jonjo and AJ O’Neill hold a dual-purpose license, training horses from their base at Jackdaws Castle in the Cotswolds, boasting an exceptional team and state-of-the-art facilities. The site highlights over 2,700 total winners, including 31 Grade 1 victories and 27 Cheltenham Festival wins, emphasizing the company’s success. It also offers services for aspiring racehorse owners, guiding them through the process of ownership and even offering racehorses for sale. The site’s facilities section details the yard’s investment in technology, including gallops, a swimming pool, and an equine solarium.

Financially, O’Neill Racing Ltd shows some concerning trends. Cash and cash equivalents have plummeted 72%, falling to £76,000, while bank borrowings have increased significantly. Creditors have remained relatively stable, but trade debtors have ballooned by 35%, suggesting potential issues with customer payments. Despite these challenges, net assets have increased by 11% to £2,400,000, and current assets have grown by 14%, indicating some underlying strength. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the drop in cash reserves is a cause for concern. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

Overall, O’Neill Racing Ltd appears to be navigating a period of financial pressure, though its strong reputation and successful racing operations provide a solid foundation. The company’s ability to manage its debts and maintain its competitive edge will be crucial for its long-term success.

Registered in England/Wales under the registration number 02439100, with a registered address at OX13 5HR, Abingdon, Oxfordshire, 2 Michaels Court Hanney Road, Southmoor.

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