Live Lap Timing Ltd

Live Lap Timing Ltd is a small, active company based in Kettering, UK, founded six years ago in 2019. With £21,295 in assets and a real registered address, it’s a family business employing just one person. The company operates an e-commerce site, selling products and services related to timing and motorsport, and also provides retail sales via mail order and internet. It has three directors and three owners, all members of the Tomalin family.

The company’s website, LiveLapTiming.co.uk, showcases a range of products and services aimed at motorsport enthusiasts, including timing equipment, transponders, and data logging solutions. It also offers track day timing services and data analysis, catering to both amateur and professional racers. The site’s design is simple and functional, prioritizing product information and ease of navigation. While it’s not clear how extensive the online sales are, the site suggests a focus on specialist timing equipment and related services.

Financially, Live Lap Timing Ltd presents a mixed picture. Current assets decreased by 5.4% to £21,000, while net assets fell 40% to -£20,000—a significant drop into negative territory. Bank borrowings decreased by 26% to £2,900, and cash reserves declined by 29% to £1,800. Trade debtors increased by 2400%, suggesting a possible issue with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the negative equity is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Live Lap Timing Ltd is facing challenges. Its niche market and family ownership offer potential for stability, but the financial trends suggest a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 11913720, with a registered address at NN15 7HH, England, Kettering, Northamptonshire, Portland House, 11-13 Station Road.

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