Race To The Finish Limited

Race To The Finish Ltd, based in Blackburn UK, is a small, active company founded 16 years ago in 2008. With three employees and £199,082 in assets, it operates from a real address shared by only one other company. The business is led by two directors and owned by one individual. Accounts are currently overdue by three months, a slight hiccup in an otherwise steady operation. The company regularly imports clothing and accessories made by knitting or crocheting, with six months of import activity recorded, the latest in November 2024. It also exports art and antiques irregularly, with two months of export activity as of June 2024.

The company’s website, RTTF, showcases a vast collection of Formula 1 memorabilia, from driver items and world champion collections to pit crew wear and even authentic F1 bodywork. It caters to a global audience of motorsport enthusiasts, offering everything from autographs and model cars to unique displays and front wing assemblies. The site’s extensive product range suggests a passion for the sport and a commitment to providing a one-stop shop for F1 fans. It’s clear that RTTF isn’s just a retail business, but a celebration of Formula 1 history and culture.

Financially, Race To The Finish Ltd shows a mixed picture. Cash reserves increased by 9%, reaching £140,000, a positive sign of improved liquidity. However, net assets grew by 99%, reaching £65,000, which is a large increase, but the company’s creditors decreased by 37%, suggesting better debt management. Trade debtors, however, decreased by 64%, which could indicate slower payments from customers. 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 remain agile, but the changes in debtor and creditor balances warrant close monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Race To The Finish Ltd appears to be a niche business with a dedicated customer base. While the financials show some volatility, the company’s passion for Formula 1 and its extensive product range suggest a solid foundation for future growth. It's a good business, but it needs to keep an eye on its cashflow.

Registered in England/Wales under the registration number 06759646, with a registered address at BB1 2QY, England, Blackburn, C/O Len Entwistle Chartered Accountants Suite 12 Blackburn Business Centre, Davyfield Road.

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