Jrm Racing Ltd

Jrm Racing Ltd from Daventry UK: small company, active status, founded 15 years ago, real address, 2 directors, 1 owner, solo founder. Irregular importer of vehicles, parts, and accessories (not for trains or trams) (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the other sports activities industries. Officially, it has one owner or PSCs, two directors and no number of employees published. The company is a irregular importer, with its top import category being Vehicles, parts, and accessories (not for trains or trams), totaling 1 months of imports. The last import operation was conducted on January 01, 2017.

Jrm Racing Ltd’s website, while not fully detailed, hints at a focus on motorsport activities. It’s unclear if the company operates an e-commerce site or primarily functions as a supplier to racing teams. The site’s presence suggests a business that caters to the high-performance automotive sector, possibly providing parts, accessories, or technical services. Further investigation is needed to determine the extent of its online activities and customer base.

Financially, Jrm Racing Ltd presents a concerning picture. Current assets have plummeted by a staggering 73%, leaving the company with just £16,000. Equity has also suffered a significant drop, falling to -£1.1 million. Bank borrowings have increased by 14%, reaching £110,000, and cash reserves have dwindled to a mere £4,100. Creditors remain stable at £110,000. The company’s small size helps it stay agile, but the sharp equity decline and reliance on bank borrowings raise serious questions about its financial health. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit. The accounts are unaudited, so the numbers are director-reported.

In conclusion, Jrm Racing Ltd appears to be struggling financially. While it maintains a presence in the motorsport sector, its declining equity and reliance on bank borrowings suggest a business facing significant pressures. Whether the company can turn things around remains to be seen, but its current trajectory is far from reassuring.

Registered in England/Wales under the registration number 07121949, with a registered address at TN37 7FE, England, St. Leonards-On-Sea, East Sussex, 2 Brookdale.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.