Hype Motorsport Limited

Hype Motorsport Ltd from Leeds UK: a small, active company founded nine years ago, employs just two people, and holds £66,231 in assets. It’s a real address with three directors and three owners, operates an e-commerce site, and enjoys a stellar 5.0 Google rating from eight reviews. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity recorded one month ago in June 2023.

The company’s website, hypemotorsport.com, focuses on track car rental, motorsport experiences, and corporate events. It offers a fleet of high-performance track cars at various circuits across the UK and Europe, alongside ice driving experiences and specialist event options like Ice Driving in Sweden. The site emphasizes a toptier, personalised service and boasts a 100 five-star rating. It’s clear the business is focused on providing premium experiences for car enthusiasts and corporate clients.

Financially, Hype Motorsport Ltd presents a mixed picture. While current assets increased by 56% to £66,000, net assets decreased by 120% to -£130,000. Cash bank on hand jumped significantly by 290% to £44,000, which is a positive sign. However, the substantial decrease in retained earnings and accumulated losses is concerning. Bank borrowings were reduced by 100% to zero, and trade debtors fell by 29%. The company’s small size (meeting two of three conditions for being considered small) helps it remain flexible, but the decline in equity suggests it's burning through cash. With no auditor mentioned, the figures are unaudited.

Overall, Hype Motorsport Ltd appears to be navigating a challenging period. While its core business of track car rental and events seems to be thriving, the financial data indicates a need for careful management and potentially, a shift in strategy to ensure long-term sustainability.

Registered in England/Wales under the registration number 09815196, with a registered address at LS25 6JE, England, Leeds, The Motorist New Lennerton Lane, Sherburn In Elmet.

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