Gt Omega Racing Ltd.

Gt Omega Racing Ltd, a small, active company based in Paisley, UK, has been operating for fifteen years. Founded in 9 August 2009, it employs twelve people and holds assets worth £3,215,654. While it has a real registered address, 113 companies are registered there, suggesting a virtual address. The company is run by two directors and one owner, and it operates an e-commerce site with a solid Google rating of 4.0 based on 24 reviews.

The company specializes in the retail sale via mail order houses or via internet, regularly importing and exporting furniture, lighting, and prefabricated buildings—128 months of imports and five months of exports. Its website showcases a wide range of sim racing cockpits, gaming chairs, and accessories, alongside a selection of home office furniture and gaming merchandise. It even has a MOZA Racing partnership, highlighting its focus on high-performance sim racing gear.

Financially, Gt Omega Racing Ltd shows some concerning trends. Cash bank on hand dropped by 43% to £710,000, while net assets only increased slightly to £1.3 million. Bank borrowings remained stable at £120,000, but finished goods decreased by 30% to £2.2 million. Creditors also decreased by 39% to £2.1 million. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The increase in other debtors by 1200% to £180,000 is quite significant and warrants further investigation. The company's average number of employees increased by 25% to fifteen, which could be a sign of growth, but it also means increased wage expenses. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data. Overall, while Gt Omega Racing Ltd appears to be a thriving e-commerce business with a strong online presence, the financial data suggests it’s facing some challenges, and it's important to monitor these trends closely.

Registered in Scotland under the registration number SC363688, with a registered address at PA4 8WF, Scotland, Renfrew, Titanium 1 King's Inch Place.

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