Michael Madgwick

The most intriguing thread running through Madgwick's record is his partnership with Fravanco. Two wins from 33 races together doesn't sound like much on paper, but the sheer volume of those runs tells you something — this is clearly a horse the yard keeps coming back to, a stable companion of sorts. Whether those wins came at the right moments or not, it represents the bulk of what Madgwick has built so far.

Where Madgwick does show a flicker of something more promising is on normal ground conditions. From 19 races on a standard surface, he has managed 1 winner — a win rate of 5%, or 1 in every 19. That might not sound dramatic, but it's notably stronger than his overall figures and suggests his horses show up best when conditions are straightforward rather than testing.

Perhaps the most surprising line in the record is his partnership with jockey William Carson. Twelve rides together and no wins at all — a blank sheet. Carson is one of the more experienced and well-regarded jockeys operating in Britain, so getting nothing from a dozen attempts is the kind of statistic that raises an eyebrow. It doesn't necessarily mean the combination is wrong, but it's a run that both trainer and jockey will want to break sooner rather than later.

At four years in, Madgwick is still in the early chapters of what could be a long story. The numbers are modest for now, but most trainers will tell you the first few years are about building — learning which horses suit which races, which jockeys suit which horses, and how to get the best from a small squad. The foundations are there. The wins will need to follow.