John Danby Racing Limited

John Danby Racing Ltd, based in Suffolk, UK, is a small, active company founded 23 years ago. With six employees and £594,233 in assets, it’s a well-established player in the historic motorsport scene. The company operates from a virtual address – 40 other companies registered at the same location – and is led by three directors and a single owner, who is also the solo founder. It holds a respectable 4.0-star Google rating based on six reviews. The company regularly imports vehicles, parts, and accessories, with its last import operation recorded three months ago in May 2019.

The company’s website highlights its expertise in preparing, running, and winning with iconic race cars from the 20th century, including Group C cars, Formula 1 cars, and sportscars. John Danby Racing offers a range of services, from race car preparation and trackside support to restoration, machining, and even electronics programming. It caters to both classic and modern vehicles, providing bespoke engineering projects and driver management programs. The business also has a showroom in Harrods, London.

Financially, John Danby Racing Ltd shows a mixed picture. Current assets increased by a healthy 29% to £590,000, while net assets rose by 35% to £450,000. Bank borrowings decreased significantly by 68% to £10,000, suggesting improved cashflow management. However, trade debtors increased by a substantial 74% to £270,000, which could indicate challenges in collecting payments. Creditors also decreased by 27% to £98,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in debtors warrants closer monitoring. The accounts are unaudited, likely due to the small company exemption. It’s clear that John Danby Racing Ltd is a thriving business with a strong reputation, but it’s important to keep an eye on its debtor levels to ensure continued financial health.

Registered in England/Wales under the registration number 04374453, with a registered address at CO10 2AA, Suffolk, 22 Friars Street, Sudbury.

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