Race Timing Solutions Limited

Race Timing Solutions Ltd, based in Letchworth Garden City, UK, is a small holding company with an active status, having been founded eleven years ago in 2013. The company employs just two people and holds assets totaling £157,225. With a real address and one director, it’s a relatively lean operation. The business regularly imports electrical machinery and equipment – a consistent nine months of import activity have been recorded, with the last operation occurring in September 2024. It also engages in irregular export activity, focusing on clocks, watches, and their parts, with just one month of export recorded in January 2024.

The company’s website paints a picture of a dedicated sports timing service. They offer a full suite of services, from chip timing and race number provision to online registration and results management. The site emphasizes a focus on making race events professional and successful, reducing administrative burdens for organizers, and providing a positive experience for participants. They even offer race pack fulfilment and a range of race extras, including gantries and PA systems. Testimonials from satisfied clients highlight their reliability, efficiency, and responsiveness.

Financially, Race Timing Solutions Ltd presents a mixed picture. Creditors increased by 17%, reaching £120,000, while debtors grew significantly by 86%, hitting £55,000. Bank borrowings also rose, increasing by 96% to £76,000. However, cash reserves saw a healthy 40% increase, reaching £58,000. The company’s small size (meeting two of three conditions for being small) helps it maintain flexibility. The lack of an auditor mentioned suggests exemption as a small company, relying on unaudited financial statements.

The increase in both creditors and bank borrowings, alongside a decrease in the depreciation charge, might indicate a period of investment or expansion, although it’s also possible that it reflects a temporary cash flow challenge. It’s also worth noting that the company’s focus on specialized timing services, while niche, may be vulnerable to economic fluctuations or changes in the sporting events market.

Registered in England/Wales under the registration number 08631480, with a registered address at SG6 1JT, England, Letchworth Garden City, Hertfordshire, Unit14 Protea Way, Pixmore Avenue.

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