Race Technology Limited

Race Technology Ltd, based in Eastwood, UK, is a small, active company founded 26 years ago. Employing 14 people, it holds £742,942 in assets and operates from a real address. With six directors and one owner, the business regularly imports electrical machinery and equipment (21 months) and exports optical and medical tools and devices (69 months). It's a well-established player in its niche, having been around since 1998.

The company's website reveals a diverse range of activities. Primarily, Race Technology Ltd supplies automotive testing equipment, including braking tests and noise measurement systems, to major OEMs and test houses worldwide. It also provides data logging and race scrutineering systems for international race series, and advanced data analysis software for GoPro cameras. Furthermore, the company offers custom development services, leveraging expertise in GPS, inertial systems, video, and CAN communications. The site’s clear segmentation into market sectors—automotive, racing, GoPro, and custom development—suggests a targeted approach to its offerings. It’s clear the company isn’s just selling products; it’s providing solutions.

Financially, Race Technology Ltd shows a mixed picture. Current assets increased by 18% to £740,000, while net assets increased by 14% to £700,000. Bank borrowings increased by 12% to £240,000, and cash reserves increased by 12% to £220,000. Trade debtors increased by 29% to £210,000. Creditors increased by 19% to £120,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility. The increase in trade debtors, however, could indicate a need to improve payment collection processes. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Race Technology Ltd appears to be a financially stable, albeit small, business. Its diverse range of services and targeted market approach suggest a resilient business model. The company’s long history and established presence in its niche provide a solid foundation for future growth.

Registered in England/Wales under the registration number 03608546, with a registered address at NG16 3DA, Eastwood, Nottingham, 16 King Street.

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