Eagle Racing Limited

Eagle Racing Ltd, based in Sevenoaks, UK, is a small, active company founded 36 years ago in 1988. Despite its long history, it operates with a lean team of just one employee and holds assets totaling £33,264,728. The company is directed by three individuals, with one owner – the solo founder – at the helm. Eagle Racing uses a virtual address, which is a bit unusual, as 100 companies are registered at the same location.

The company primarily imports art and antiques regularly, with three months of import activity recorded, the latest in April 2024. It also exports vehicles, parts, and accessories irregularly, with two months of export activity as of March 2023. Eagle Racing operates in the sale of used cars and light motor vehicles industries.

Looking at the financial picture, Eagle Racing shows some interesting trends. Bank borrowings have increased significantly, jumping by 310% to £1.2 million, while cash reserves have plummeted to a mere £590. Creditors have also risen by 20%, reaching £12 million. On a positive note, trade debtors have increased by a substantial 240%, suggesting potentially delayed customer payments or expanded credit terms. Despite the small size—meeting two of three criteria for a small company—the decrease in equity and cash reserves raises concerns. The company’s net assets liabilities are £17 million. The company’s auditor is Greenaway Chartered Accountants.

The company’s website, Arena Racing, highlights a broader entertainment and hospitality group. It showcases racecourses, music events, and venue hire options, indicating a diversified business model beyond just racing. While the website doesn't directly mention Eagle Racing, it suggests a larger corporate structure that the smaller company may be a part of. The company's financial data suggests it’s facing some challenges, but the Arena Racing group’s broader operations could provide a buffer or opportunities for growth.

Registered in England/Wales under the registration number 02324890, with a registered address at TN13 1DA, United Kingdom, Sevenoaks, Kent, 1 Bligh's Road.

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