Af Corse Uk Ltd

Af Corse UK Ltd, based in London, is a holding company with an active status, established six years ago in October 2018. The company employs four people and boasts assets of £9,653,633. While it has a registered address, it’s likely a virtual one, as 133 companies share the same location. Five directors and a solo founder lead the organization, which currently holds a perfect 5.0 Google rating from two reviews.

The company’s primary activity is racing, partnering with Ferrari in the Hypercar Program, and achieving victories in the 24 Hours of Le Mans in both 2023 and 2024. It's a racing partner for Ferrari in the FIA WEC GTE, winning eight of the ten events. The company operates from Italy, with headquarters in Piacenza. The website highlights its expertise in racing, particularly its partnership with Ferrari, and offers a shop for merchandise.

Financially, Af Corse UK Ltd shows a mixed picture. Current assets increased by 30% to £13,000,000, while net assets increased by 7.7% to £1,000,000. Bank borrowings rose by a substantial 34%, reaching £7,800,000, and cash reserves increased by 360% to £6,300,000. Creditors increased by 1.9% to £7,000,000. The company’s net loss deepened from £440,000 to -£360,000. The lack of an auditor mentioned suggests the company is exempt from having its accounts audited. The company's financial data is unaudited.

The company’s substantial increase in bank borrowings, combined with a deeper net loss, suggests it may be investing heavily in its racing activities. The increase in cash reserves, however, indicates a degree of financial stability. It's likely that the company is burning through cash, but also generating enough revenue to sustain its operations.

Registered in England/Wales under the registration number 11627605, with a registered address at W1G 9DQ, United Kingdom, London, 5th Floor North Side, 7/10 Chandos Street, Cavendish Square.

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