George Scott Racing Limited

George Scott Racing Ltd, based in Newbury, UK, is a small, active company founded seven years ago. With 23 employees and £663,112 in assets, it’s a solo-founded operation run by a single director and owner. The company operates from a virtual address, registered at a location shared by 296 other companies. It’s an irregular importer, bringing in animal feed and food waste, with the last import occurring one month ago in October 2023.

The company’s website showcases George Scott as a racehorse trainer, with a focus on owner involvement. The site highlights the benefits of racehorse ownership, features testimonials, and details the facilities available. It's clear the business is centered around training racehorses and providing opportunities for owners, with a particular emphasis on the quality of Newmarket's training grounds and the expertise of the team. The website also advertises horses for sale and syndicate options, and provides regular news and winner updates.

Financially, George Scott Racing Ltd shows a mixed picture. While cash reserves increased significantly by 16,000%, to £10,000, net current assets decreased sharply by 360%, landing at -£160,000. Trade debtors increased by 170%, reaching £550,000, which could indicate a reliance on customer payments or expansion of credit terms. Creditors also rose substantially, increasing by 200% to £370,000. Borrowings decreased by 98%, falling to just £660, and the company’s net assets increased by 33% to £160,000. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it's exempt from an audit, so the figures are unaudited.

The company’s reliance on customer payments and the increase in creditors suggest it's managing its finances carefully, but the decrease in net current assets could be a concern. The increase in cash reserves is a positive sign, but it remains to be seen whether this is a temporary boost or a sustainable trend.

Registered in England/Wales under the registration number 11187614, with a registered address at RG14 1QL, England, Newbury, Berkshire, 2 Old Bath Road.

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