Apex Racing Uk Ltd

Apex Racing Uk Ltd, based in Corby, UK, is a small, active company founded eight years ago. With nine employees and £36,357 in assets, it’s a modest operation led by a single director and owner, Simpson Alex. The company boasts a stellar 5.0 Google rating from 16 reviews, indicating high customer satisfaction. Apex Racing Uk Ltd is an irregular importer, primarily dealing in toys, games, and sports equipment, with the last import activity occurring in October 2023.

The company’s website reveals a multifaceted business centered around sim racing. It operates as an esports racing team, runs a competitive sim racing centre, develops software for sim racers, broadcasts sim racing esports, manages sim racing esports leagues, and offers driver development coaching through its Apex Racing Academy. The website emphasizes premium hardware, live timing software, and a commitment to producing skilled drivers—a clear focus on quality and expertise.

Financially, Apex Racing Uk Ltd presents a mixed picture. While cash bank on hand increased by 12% to £18,000, accrued liabilities deferred income rose by 6.7% to £800. More significantly, retained earnings accumulated losses jumped by an impressive 4400% to £90,000, a positive sign of growing equity. However, net current assets liabilities decreased by 64%, and trade debtors increased by 15%, suggesting a need to manage cash flow. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. As a small company, it’s exempt from a formal audit, relying on unaudited financial statements.

Overall, Apex Racing Uk Ltd appears to be a dynamic, albeit small, company with a strong online presence and a clear focus on the growing sim racing market. The substantial increase in retained earnings is encouraging, but the company should monitor its cash flow and manage trade debtors effectively.

Registered in England/Wales under the registration number 10473989, with a registered address at NN18 9NF, England, Corby, 35 Medlicott Close.

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