Judging purely on sales results, it looks to observers like the point-to-point sector is in a strong place. How would you sum up the 2024/’25 season between the flags?

Colin Bowe: “It’s good trade, but there’s a lot of money that needs to be lined up at the start in order to get those one or two horses at the big prices. If you get there, it is good money, though. If you don’t have the top one, maybe it’s a money-back type of job.”