24-7 Motorsport Limited

24-7 Motorsport Limited, based in Norwich, UK, is a small, active company founded six years ago. With two employees and £106,483 in assets, it’s a lean operation led by one director and two owners, enjoying a stellar 5.0 Google rating from 15 reviews. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded three months ago.

The company’s website highlights its focus on motorsport preparation and support. From race car prep and circuit support to servicing, geo setup, body work, and paint, 24-7 Motorsport caters to a range of needs for motorsport enthusiasts. They also offer storage, tyre fitting, and balancing, and even specialize in Zenos Cars. The website emphasizes a “pit lane to podium” approach, promising unbeatable customer service at competitive prices. They boast over 25 years of experience in the industry and offer services like engine and gearbox building, fabrication, and loom design.

Financially, 24-7 Motorsport Limited presents a mixed picture. While cash bank on hand remained steady at £41,000, current assets dropped by 5.9% to £110,000. Bank borrowings decreased significantly, falling 60% to £11,000, which is good news. However, net assets took a hit, declining 5.7% to £62,000. Creditors increased by 100% within the last year, reaching £63,000, which might indicate a reliance on short-term financing. 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 flexibility, but the increase in creditors warrants attention. The accounts are unaudited, and no auditor is mentioned.

Overall, 24-7 Motorsport Limited appears to be navigating a period of change. While the company’s services are well-regarded, the financial data suggests a need to manage short-term liabilities.

Registered in England/Wales under the registration number 11614049, with a registered address at NR16 1NF, England, Norwich, Unit 5 Oaks Farm Besthorpe Road, Carleton Rode.

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