As1 Racing Ltd

As1 Racing Ltd is a small, active company based in Birmingham, UK, founded seven years ago in January 2018. It’s a private limited company with £9,473 in assets, a real registered address, and a single director and owner, Suleman Asif. The company operates in the retail sale via mail order houses or via internet industries.

The company's website, FAT Karting League, focuses on providing a unique karting experience aimed at discovering and accelerating young racing talent. It’s a league designed by Formula 1 engineer Rob Smedley and FAT International founder Ferdi Porsche, offering electric karts designed by F1 engineers, elite coaches, and the potential to win a funded Formula 4 seat. The league runs events across the UK and US, offering various categories for drivers aged 5-17, with a championship prize of a fully funded F4 seat. The website heavily promotes its unique approach to karting, emphasizing arrive-and-drive convenience, fixed costs, and a focus on talent discovery.

Financially, As1 Racing Ltd shows a mixed picture. Current assets decreased by 22% to £9,500, while net assets also fell slightly to £6,400. Bank cash dropped 17% to £8,400, and trade debtors are now a negative £930—an unusual situation suggesting potential issues with payments. Creditors, however, decreased by 46%, which is a positive sign. The company meets two of the three conditions to be classified as small, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 10 employees. As a small company, it’s exempt from an audit, and the figures are unaudited.

While the karting league appears to be attracting attention and offering a unique proposition, the financial data suggests the company is facing some challenges. The decline in cash and the negative debtors could indicate a need for better financial management—although, it’s possible these are temporary fluctuations.

Registered in England/Wales under the registration number 11146550, with a registered address at B13 0EY, United Kingdom, Birmingham, 60 Colebourne Road.

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