Inverness Kart Raceway Ltd

Inverness Kart Raceway Ltd from Inverness UK is a small holding company with an active status, established fifteen years ago in 2010. Employing twenty people, the company holds £136,332 in assets and operates from a virtual address – forty-two other companies are registered at the same location. It's led by three directors and has one owner, boasting a stellar 5.0 Google rating from 392 reviews. The company irregularly imports vehicles, parts, and accessories (excluding trains and trams), with the latest import activity occurring two months ago.

The business operates in the amusement and recreation industry, offering go-karting experiences. While a website isn’t available, the company’s presence suggests a focus on providing recreational activities for individuals and groups. It’s likely that bookings and payments are handled offline or through a third-party platform.

Financially, Inverness Kart Raceway Ltd’s report reveals a mixed picture. Current assets have decreased by 27%, dropping to £140,000, while net assets have fallen 40%, reaching £35,000. Bank borrowings have decreased by 22%, settling at £110,000, and cash reserves have plummeted 30%, down to £95,000. Creditors have decreased by 7.5%, suggesting improved debt management. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the decline in equity raises questions. The company’s financial statements are unaudited, as it’s exempt due to its size.

The decrease in cash reserves, combined with a rise in net losses, could indicate that the business is burning through cash faster than it’s generating revenue. However, the decrease in bank borrowings suggests an effort to manage debt. The company’s strong Google rating suggests customer satisfaction, which could help offset the financial challenges.

Registered in Scotland under the registration number SC375740, with a registered address at IV3 5PR, United Kingdom, Inverness, Forbes House, 36 Huntly Street.

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