Init Racing Ltd

Init Racing Ltd, based in Towcester, UK, is a small, holding company with an active status. Founded four years ago in April 2021, it employs just one person and holds £101,929 in assets. The company operates from a virtual address – 558 other companies are registered at the same location – and is overseen by one director and two owners. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with its last import operation recorded in January 2025. The company operates in the manufacture of motor vehicles industries.

The company’s website is not available, so it’s difficult to determine its exact online presence. However, the import activity suggests a focus on sourcing components or vehicles for resale or integration into other products.

Financially, Init Racing Ltd presents a mixed picture. While cash reserves have increased significantly, jumping from £100 to a robust £38,000, net assets have declined to £11,000. Bank borrowings have risen sharply, reaching £94,000, and creditors have also increased to £100,000. The company’s single employee count has increased to three, which is a positive sign. Despite these changes, the company remains classified as small, meeting two of three conditions: turnover below £10.2 million, balance sheet total below £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely reflects its status as a small, exempt company. It’s unclear what caused the large increase in bank borrowings, but it may be related to the import activity.

Registered in England/Wales under the registration number 13364637, with a registered address at NN12 7LS, England, Towcester, Northamptonshire, Henge Barn Pury Hill Business Park, Alderton Road.

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