Motorsport Direct Ltd

Motorsport Direct Ltd is a small holding company based in Co Durham, UK. Founded three years ago in April 2022, the company has one employee and holds £53,350 in assets. Operating from a virtual address, it’s led by one director and owned by two individuals. The company boasts a perfect 5.0 Google rating based on one review, and regularly imports headgear and accessories—four months of import activity were recorded, with the latest being April 2024.

The company’s website, Motorsport Direct, is a comprehensive online retailer specializing in motorsport equipment. It offers a vast selection, from race suits and helmets to car preparation tools and fire safety equipment. The site is well-organized, with clear categories and detailed product descriptions, and even offers customization options for race suits. It seems to be primarily an e-commerce operation, with no physical store mentioned.

Financially, Motorsport Direct Ltd shows some concerning trends. Cash bank on hand has decreased significantly by 69%, dropping to just £9,900. Current assets have also fallen by 20%, reaching £53,000. Equity has seen a substantial decline, plummeting 92% to -£25,000. While creditors have decreased slightly by 5.7%, the drop in cash and equity is a cause for concern. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the decrease in equity suggests it’s burning through money. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data.

Despite these challenges, the company maintains a strong online presence and a high Google rating, indicating customer satisfaction. Whether it can overcome its financial pressures and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 14048539, with a registered address at DL1 1GL, United Kingdom, Co Durham, Business Central 2 Union Square, Darlington.

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