Dwindling Funds

Trained by Jim Goldie out of Uplawmoor in Lanarkshire, the five-year-old sits in a yard that has been firing on all cylinders — 88 winners already this season is the kind of output that tells you the team knows exactly what it is doing. Goldie has clearly found the right races for this horse, placing it mostly at Class 5 level, which is mid-to-lower tier competition, and letting it build a record of 6 wins and 12 places from 24 races overall. That is a win rate of 25%, or roughly one win in every four races — genuinely good for a horse operating at this level.

The partnership with jockey Paul Mulrennan is worth noting. In ten races together, they have won three, which works out at 30% — better than one in three. That is a strong conversion rate for any horse-and-jockey combination and suggests the two have built up a real understanding over time.

The distance question is interesting too. Dwindling Funds has won 2 of its 4 races over seven furlongs to a mile, a 50% win rate that stands out sharply against its record at shorter trips. When the race is run at a pace that suits a horse with a bit more stamina to call on, this one clearly moves up a gear.

The one caveat is that the last win came at Ayr back in October 2025 — nine months ago now — and the recent form figures of 2-2-4-12-11-2 tell a slightly mixed story. The pair of runner-up finishes either side of two poor runs suggests a horse that is threatening to return to form rather than one that has fully found it again. It raced just yesterday, so it is very much in the thick of a current campaign. Whether it can rediscover the winning thread, almost certainly it will need Ayr on the racecard when it does.