Peter Hickman Racing Limited

Peter Hickman Racing Limited, based in Long Bennington, UK, is a small, active company founded seven years ago. With three employees and £1,241,125 in assets, it's a solo founder operation led by a single director. The company boasts a perfect 5.0 Google rating based on three reviews. It regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 34 months of import activity and 5 months of export activity. The address is probably virtual as 107 companies registered at the same address.

The company operates in the other sports activities industries and its website, Peter Hickman Official, seems to focus on the same. It appears to be a motorsport shop, likely selling racing gear and related products. It’s not clear if the website is used for e-commerce, but it does feature a blog and contact information.

Financially, Peter Hickman Racing Limited shows some interesting trends. Cash bank on hand increased dramatically by 490% to £130,000, a positive sign. However, net assets grew by only 12% to £680,000, suggesting that growth isn’t translating into substantial equity building. Bank borrowings decreased slightly, but creditors increased by 12% to £730,000, which could indicate increased reliance on credit. 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 stay nimble, but the increase in creditors is something to keep an eye on. The average number of employees increased by 67%, which could be a result of increased workload. The company's trade debtors increased by 170%, which could mean that customers are taking longer to pay. The unaudited financial statements were prepared by Buchanan & Associates Limited. It’s a bit concerning that the company’s net losses deepened, though it's likely a result of increased expenses.

Registered in England/Wales under the registration number 10832774, with a registered address at NG23 5DJ, England, Long Bennington, Nottinghamshire, Suite 2 Mayden House Long Bennington Business Park, Main Road.

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