Race At Your Pace Limited

Race Your Pace At Ltd from Taunton UK is a small company, active since its founding seven years ago in 2018. With six employees and a virtual address, it’s a solo-founded operation managed by a single director and owner. The company regularly imports miscellaneous metal items, with 40 months of import activity recorded.

Race Your Pace operates as a virtual challenge platform, encouraging people to run, walk, cycle, swim, or step their way to a more active lifestyle. Its website offers a range of challenges, with participants earning medals and engaging in friendly competition. The platform caters to both individuals and corporate groups, offering a unique blend of fitness and gamification. It’s clear they’ve invested in a slick, user-friendly website with detailed information on challenges, evidence submission, and rewards.

Financially, Race Your Pace Ltd shows a mixed picture. Assets dropped by 22% to £220,000, while net assets fell 27% to £480,000. Bank borrowings increased by 60% to £17,000, and cash reserves decreased by 47% to £200,000. Creditors decreased by 60%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in equity is something to keep an eye on. There's no auditor mentioned, likely due to the company’s small size and exemption from audit.

Overall, Race Your Pace Ltd appears to be a dynamic, albeit financially challenged, business. Its innovative platform and focus on virtual challenges suggest potential for growth, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 11164014, with a registered address at TA1 2PX, United Kingdom, Taunton, Somerset, Goodwood House, Blackbrook Park Avenue.

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