Race Concepts Uk Limited

Race Concepts Uk Limited, based in Herts, UK, is a small, active company founded five years ago. With a Google rating of 5.0 from eight reviews, it’s a well-regarded e-commerce site specializing in precision motorsport fabrication. The company, employing just one person, holds £494,768 in assets and operates from a real address shared by a small number of other businesses. It's a solo-founder operation led by a single director and owner, Brendish Richard Kenneth. The business regularly imports vehicles, parts, and accessories (excluding trains and trams), with 34 months of import activity recorded.

The company's website showcases a diverse range of services, including bespoke fabrication of charge coolers, fuel tanks, oil systems, and water systems for various motorsport applications. It caters to both off-the-shelf products and custom-built components, serving customers in Formula racing, rally, touring car, and vintage motorcycle categories. The site also highlights a gallery of past projects, demonstrating expertise in magnesium, aluminium, and titanium welding. It's clear Race Concepts Uk Limited is targeting a niche market of motorsport enthusiasts and professionals.

Financially, the company’s recent performance presents a mixed picture. Cash reserves have taken a significant hit, plummeting 74% to £44,000. Current assets have also decreased by 21% to £490,000. However, creditors have fallen by a substantial 64% to £51,000, suggesting improved debt management. Trade debtors have also decreased by 11%. While net assets have fallen by 8% to £450,000, the company’s small size (meeting two of three criteria for a small company) allows for agility. The lack of an auditor is typical for a company of this size, and the financial statements are unaudited. It's a little concerning that bank borrowings have completely disappeared, and the company is now reliant on its own cash flow. Overall, Race Concepts Uk Limited appears to be navigating a period of financial adjustment, but its strong online presence and specialized services position it well for continued success.

Registered in England/Wales under the registration number 12092066, with a registered address at SG4 7DP, United Kingdom, Herts, Red Sky House Fairclough Hall Farm Halls Green, Weston, Hitchin.

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