2 Seas Motorsport Ltd

2 Seas Motorsport Ltd is a small, active company from Croydon, UK, established five years ago in 2019. With nine employees and £1,055,012 in assets, it operates from a real address and is managed by three directors and two owners. The company is a regular importer and exporter, specializing in vehicles, parts, and accessories (excluding trains and trams), with 91 months of import activity and 8 months of export activity recorded.

The company's website paints a picture of a high-performance GT3 racing team competing at the highest levels across the UK, Europe, and the Middle East. They’re involved in British GT Championship, Gulf 12 Hours, and International GT Open events, showcasing a commitment to racing and a track record of success. The website details their partnerships with MercedesAMG Motorsport Customer Racing, highlighting their drivers, and showcasing their involvement in various racing series. It’s clear that 2 Seas Motorsport isn’t just a supplier; it’s a team actively participating in motorsport.

Financially, 2 Seas Motorsport Ltd shows some interesting trends. Creditors have decreased by 25%, which could indicate improved debt management, while bank borrowings have increased by 2400%, reaching a substantial £290,000. Cash reserves have fallen 30% to £35,000, and net assets have decreased by 4.3% to -£5.4 million. Trade debtors have increased by 27%, which might suggest a delay in customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant equity decline and increased borrowings raise questions about the company's financial health. No auditor is mentioned, which is likely due to its status as a small company.

Overall, 2 Seas Motorsport Ltd appears to be a dynamic racing team facing financial pressures. The increased borrowings and declining equity suggest a need for careful financial management, but the team's racing success and partnerships demonstrate a strong foundation for future growth.

Registered in England/Wales under the registration number 12256049, with a registered address at CR0 0YN, United Kingdom, Croydon, 3rd Floor Suffolk House, George Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.