Fp Racing Ltd
- Active
- Small
- 21 years
- 3 employees
- £156,490 (cur assets)
- 0-1m
- Regular importer
- Regular exporter
- Real address
- 2 directors
- 1 owner
- Solo founder
- Glasgow
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
FP Racing Ltd, based in Glasgow, UK, is a small, active company founded 21 years ago. With three employees and £127,968 in assets, it’s a solo-founded operation managed by two directors. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 312 months of import activity and 13 months of export activity recorded.
The company’s website, FPRacing.co.uk, focuses on supplying high-performance brake lines for UTVs and ATVs. It positions itself as a specialist, offering custom hard brake line upgrades and emphasizing improved braking performance through PTFE-lined hoses and stainless steel braiding. The site highlights the company’s in-house manufacturing process, DOT and NHTSA approvals, and commitment to quality—a clear indication of a business targeting a niche market.
Financially, FP Racing Ltd presents a mixed picture. While current assets increased by 9.7% to £130,000, net assets decreased by 19% to £15,000, which is a notable drop. Bank borrowings increased significantly by 290%, reaching £21,000, and cash reserves only increased slightly by 5.5% to £4,300. Creditors increased by 44%, and trade debtors decreased by 66%, suggesting some challenges in collecting 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 decline in equity warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited.
Overall, FP Racing Ltd seems to be navigating a period of change. The company’s focus on a specialized product and its commitment to quality are positives, but the financial data suggests a need to carefully manage costs and improve cash flow.
Registered in Scotland under the registration number SC265486, with a registered address at G77 6WP, Glasgow, 8 Mey Court, Newton Mearns.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 2
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 21 years
-
Resident of United Kingdom
-
Individual
- 21 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
-
Total exemption full accounts made up to 2025-03-31Download 8 pages pdf report
-
Confirmation statement made on 2025-03-25 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2024-03-31Download 8 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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