Double R Racing Limited

Double R Racing Ltd from Woking, UK, is a small, active company founded 20 years ago. With 14 employees and £1,373,193 in assets, it's a well-established business. The company has a real address, is run by one director and one owner, and maintains a respectable Google rating of 4.0 based on four reviews. Regular importer of vehicles, parts, and accessories (not for trains or trams) with three months of import activity recorded.

The company operates in the other sports activities industries, with a website that appears to be non-functional. This suggests the business primarily functions offline, perhaps through a showroom or mail order. While no e-commerce presence is apparent, it’s likely Double R Racing caters to motorsport enthusiasts, supplying parts and accessories for various racing disciplines.

Financially, Double R Racing Ltd presents a mixed picture. While net assets increased by 15%, reaching £1,200,000, several key indicators show signs of pressure. Cash reserves grew by 84%, to £85,000, which is a positive sign of liquidity. However, bank borrowings increased by 38%, to £16,000, and creditors jumped 24%, to £540,000—suggesting the company is relying more on credit to manage its operations. Fixed assets increased by 71%, to £570,000, which could be due to investment in new equipment or inventory. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increase in creditors warrants close monitoring. As a small company, it’s likely exempt from an external audit, so the financial data relies on internal reporting.

The company’s future depends on maintaining its customer base and managing its credit effectively. The increase in creditors could be a short-term issue, or it could indicate underlying challenges.

Registered in England/Wales under the registration number 05172008, with a registered address at GU21 5JY, England, Woking, Surrey, Unit 16 Woking Business Park, Albert Drive.

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