CELTIC DEVELOPMENT POOLS LIMITED
Company number SC045636 · Monitor this company
Executive summary
Celtic Development Pools Limited presents a paradox: a business with strong operational health (82% revenue growth, healthy cash reserves, positive operating profit) that is being systematically drained by excessive interest charges exceeding its operating earnings. The interest coverage ratio of 0.95x means the company cannot service its debt from operations alone — it survives only by drawing down its cash reserves. Without restructuring the financing arrangements to reduce the £268,737 annual interest burden, the company will continue to hemorrhage equity, with net assets declining by approximately £15,000-£20,000 annually. The underlying business is sound; the capital structure is the disease.
Shareholders' funds
£216,983
Balance sheet as at 2022-07-31
What it does
The principal activity of the company during the year continued to be that of running lotteries, football pools competitions and prize draws.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1968-05-01
- Employees
- 9 (2022 accounts · was 7 in 2021)
- Registered office
- 20 Davaar Street, Glasgow, G40 3RB
- Postcode
- G40 3RB
- Capital
- 5 GBP
- Accounts category
- Small
Accounts
- Last made up to
- 2025-07-31
- Next due by
- 2027-04-30
- Financial year end
- 31 July
Confirmation statement
- Last statement dated
- 2026-07-31
- Next due by
- 2027-08-14
Nature of business (SIC)
- 92000 Gambling and betting activities
Officers 7 current · 29 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — Z5618590 (Tier 1), registered since 2001.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous registered addresses 5
| Address | Changed on |
|---|---|
| CELTIC PARK, GLASGOW, G40 3RE | 1997-10-29 |
| 20 KERRYDALE STREET, GLASGOW, G40 3RE | 1997-08-27 |
| CELTIC PARK, 95 KERRYDALE STREET, GLASGOW, G40 3RE | 1994-07-21 |
| 28 BATH STREET, GLASGOW, G2 1HE | 1994-06-14 |
| 20 KERRYDALE STREET, GLASGOW G40 3RW | 1992-12-21 |
Among its peers
Top 25%
by shareholders' funds, of 19 similar companies in G
Among the oldest 25% of its local peers, trading since 1968.
Competitors
This company ranks 4 among similar companies in G.