Motorsport Games Limited

Motorsport Games Ltd, based in Silverstone, UK, is a small holding company with an active status, founded five years ago. Employing 28 people and holding £165,822 in assets, it operates from a real address and is overseen by two directors and one owner. The company irregularly imports toys, games, and sports equipment (just one month of imports recorded in 2022), while regularly exporting electrical machinery and equipment (three months of exports as of June 2024).

The company's website showcases a focus on racing simulation games, including *Le Mans Ultimate*, *rFactor 2*, and *KartKraft*. It appears to be primarily a digital distribution platform, offering games for purchase and promoting esports competitions. The site also features a press section with recent financial reports and announcements, indicating a desire to maintain investor transparency. There's a clear emphasis on digital content and online engagement, with a blog and social media links prominently displayed.

Financially, Motorsport Games Ltd presents a mixed picture. Accumulated depreciation has increased by 29%, suggesting investment in fixed assets, but cash bank on hand has halved to £14,000. Net current assets and liabilities have both increased by 10%, reflecting a growing business, but also potentially increased financial risk. The number of employees has dramatically fallen by 75%, from 28 to just 7, which could be a result of restructuring or a shift towards automation. Trade debtors have increased significantly, by 160%, which might be a sign of extended credit terms or delayed payments. Despite these challenges, the company’s equity has also increased by 11%, which could be a positive sign. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

In short, Motorsport Games Ltd seems to be navigating a period of change. While the gaming sector remains robust, the company’s financial performance suggests it’s facing some headwinds. The reduction in staff, combined with increased debt, warrants close monitoring, but the company’s focus on digital distribution and esports could provide a path to future growth.

Registered in England/Wales under the registration number 12445844, with a registered address at NN12 8GX, England, Silverstone, Silverstone Innovation Centre, Silverstone Park.

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