Corbett Bookmakers Limited

Corbett Bookmakers Limited: A Legacy in UK Betting Excellence

Corbett Bookmakers Limited, trading as Corbett Sports, is a well-established family-owned enterprise in the UK’s gambling and betting industry. Founded in 1947, the company has grown from a single betting shop to a network of retail outlets and racecourse betting pitches, primarily across Wales and the North West of England.

Company Overview

• Incorporation Date: 4 January 1971
• Company Number: 00998813
• Registered Office: 74-78 Welsh Road, Garden City Sealand, Deeside, Flintshire, CH5 2HU
• Nature of Business: Gambling and betting activities (SIC Code: 92000)

Corbett Bookmakers Limited operates under the trading name Corbett Sports, offering a range of betting services through its retail outlets and online platforms. The company is known for its presence at prominent UK racecourses, including events like Royal Ascot and Cheltenham.

Historical Background

Established in 1947 by the Corbett family, the company has maintained its family-owned status, with current directors Nicky and Michael Corbett overseeing operations. Over the decades, Corbett Sports has expanded its footprint, operating betting offices situated between Aberystwyth and York, and hosting prominent betting pitches on racecourses throughout the UK.

Financial Performance

Corbett Bookmakers Limited has demonstrated consistent financial growth:

• Year Ending 31 March 2023:
  • Revenue: £93.3 million (up from £87.7 million in the previous year)
  • Pre-Tax Profit: £584,616 (slightly increased from £577,365)

Despite economic uncertainties, the company has managed to increase revenues while maintaining stable profitability.

• Year Ending 31 March 2019:
  • Turnover: £171 million

This substantial turnover reflects the company’s significant presence in the betting industry.

Leadership and Governance

The Corbett family continues to lead the company, with directors Nicky and Michael Corbett at the helm. Their leadership has been instrumental in navigating the company through industry changes and economic challenges, ensuring sustained growth and adherence to regulatory standards.

Services and Operations

Corbett Sports offers a comprehensive range of betting services:

• Retail Betting Shops: A network of betting offices located between Aberystwyth and York, providing customers with access to various betting markets.
• Racecourse Betting Pitches: Presence at major UK racecourses, including prestigious events like Royal Ascot and Cheltenham, offering on-course betting services.
• Online Betting Platform: An online platform that complements their retail operations, providing customers with the convenience of online betting.

This multi-channel approach allows Corbett Sports to cater to a diverse customer base, offering both traditional and digital betting experiences.

Market Presence

With a strong presence in Wales and the North West of England, Corbett Sports has established itself as a reputable bookmaker in these regions. Their strategic locations and participation in major racing events have enhanced their visibility and customer engagement.

Regulatory Compliance

Operating under the Standard Industrial Classification (SIC) code 92000 for gambling and betting activities, Corbett Bookmakers Limited complies with industry regulations to ensure fair and responsible betting practices.

Community Engagement

As a family-owned business with deep roots in the local community, Corbett Sports is committed to responsible gambling and community involvement. Their longstanding presence reflects a dedication to customer service and community relations.

Future Outlook

Corbett Bookmakers Limited aims to continue its growth trajectory by adapting to industry trends and technological advancements. The company plans to enhance its online platform to meet the evolving preferences of customers, ensuring a seamless and engaging betting experience.

Conclusion

Corbett Bookmakers Limited, trading as Corbett Sports, exemplifies a successful family-owned business in the UK’s betting industry. With a rich history, robust financial performance, and a commitment to customer service, the company is well-positioned to navigate future challenges and opportunities in the dynamic gambling sector.