Conquest Racing Ltd

Conquest Racing Ltd is a small, active company based in Blandford, UK, founded six years ago in 2018. With two employees and £210,777 in assets, it operates from a real address and is led by two directors and a solo founder. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 130 months of import activity and 24 months of export activity, the latest being June 2024.

The company's website, conquestracingltd.com, showcases a specialist retailer of motorcycle performance parts. It offers a wide range of products, including exhausts, carbon fibre components, CNC parts, and race screens, catering to various motorcycle brands like Aprilia, BMW, Ducati, and Yamaha. The site emphasizes quality, customer service, and secure payment protection, and it even has a rewards program. The website's "About Us" section details the company's evolution from a clothing and accessories shop to a specialist in high-performance motorcycle parts, reflecting a strategic shift in the marketplace.

Financially, Conquest Racing Ltd presents a mixed picture. Creditors decreased by 42%, which is good, but bank borrowings increased significantly, rising by 32%. Cash reserves increased by 5.5% to £78,000, which is a positive sign. However, net assets declined by 110%, dropping to £100,000, which is a concerning trend. Trade debtors increased dramatically, rising by 6000%, suggesting potential issues with 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 sharp decline in equity warrants closer attention. There’s no mention of an auditor, which is likely due to the company’s exemption as a small entity.

The company's increased reliance on bank borrowing and the decline in equity could indicate that it is burning through cash, though the increase in cash reserves suggests it’s managing its finances. The dramatic rise in trade debtors is something to keep an eye on, as it could signal difficulties in collecting payments from customers.

Registered in England/Wales under the registration number 11602704, with a registered address at DT11 7TD, England, Blandford, Dorset, Unit 2b Clump Farm Industrial Estate Tinpot Lane, Shaftesbury Road.

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