Pankl Racing Systems Uk Limited

Pankl Racing Systems Uk Limited, based in Wigston, UK, is a large company with an active status, holding company designation, and a 27-year history. Employing 53 people and boasting assets of £6,602,438, it operates from a real address and is overseen by two directors and one owner. Its Google rating stands at a perfect 5.0 based on a single review. The company regularly imports machinery, boilers, and mechanical appliances (parts, with 22 months of import activity), and exports iron or steel products (112 months of export activity).

Pankl Racing Systems Uk Limited is a key component of the larger Pankl AG, an Austrian holding company. The website highlights a dual focus: Pankl Racing Systems, specializing in high-tech components for motorsport, luxury automotive, and aerospace industries, and SHW, producing pumps, sintered parts, and high-performance brake discs. The company emphasizes innovation, quality, and speed across both divisions, with a particular focus on customized solutions and advanced technologies. It’s clear the business is heavily invested in precision engineering and caters to a high-end market.

Financially, the company’s numbers paint a mixed picture. While assets remain strong at £6,602,438, several key metrics have shifted. Cash and cash equivalents have decreased by 12%, and net assets have fallen by 5.8% to £7,200,000. Bank borrowings have increased significantly, by 670%, reaching £220,000, and trade debtors have dropped by 33%, suggesting potential issues with customer payments. On a more positive note, creditors have decreased by 25%, which could indicate improved debt management. The company meets two of three criteria to be classified as a medium-sized company, suggesting it’s not a small operation. The lack of a named auditor suggests the accounts are unaudited.

Overall, Pankl Racing Systems Uk Limited appears to be navigating a period of change. While its parent company, Pankl AG, demonstrates impressive revenue and employee numbers, the UK subsidiary’s financials indicate some challenges. The company’s reliance on its high-end markets and technological expertise will be crucial for sustaining its performance in the coming years.

Registered in England/Wales under the registration number 03497831, with a registered address at LE18 2BL, England, Wigston, Unit 16 Viking Road.

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