Pandamonium Racing Limited

Pandamonium Racing Ltd, based in Hawick, UK, is a small, active company founded 15 years ago. With £41,836 in assets and a real address, it’s a tight-knit operation managed by two directors and a solo founder. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating from 12 reviews. It’s an irregular importer, primarily dealing in headgear and accessories, with just one month of import activity recorded as of June 2022.

The company’s website, Pandamonium Racing, describes itself as a Motorsports shop in Hawick, Scotland, operating in the retail trade of motor vehicle parts and accessories. It’s a private limited company registered in Scotland, and the site even highlights its connection to a director, Brandon Hamish Elliot, and a secretary, Whitelaw Wells. The site also mentions a showroom in Harrods, London, which is a little surprising for a small company.

Financially, Pandamonium Racing Ltd presents a mixed picture. Cash bank on hand has decreased by 36%, falling to £2,000, while debtors have skyrocketed by 840%, reaching £3,200. Creditors remain relatively stable, but equity has declined by 1.5%, settling at -£270,000. The company meets two of the three criteria for being classified as small, with turnover under £10.2m, assets under £5.1m, and less than 50 employees. There’s no mention of an auditor, which is common for small companies.

The sharp increase in debtors suggests the company may be struggling to collect payments, or perhaps it’s extending credit to customers. The decrease in cash reserves is concerning, but it’s also possible that the company is reinvesting in its business. Overall, Pandamonium Racing Ltd appears to be navigating a challenging period, but its strong online presence and niche market could help it weather the storm.

Registered in Scotland under the registration number SC371554, with a registered address at TD9 9BJ, Hawick, Scottish Borders, 15-17 Oliver Crescent.

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