Racebest Ltd

Racebest Ltd, based in Keighley, UK, is a small, active company founded twelve years ago in 2012. With three employees and £338,948 in assets, it operates from a real address and is overseen by four directors and four owners. The company is an irregular importer, primarily dealing in clocks, watches, and their parts, with a recent import recorded in December 2024.

The company’s website showcases a thriving business centered around race event entry and ticketing. It's a platform for managing race registrations, results, and communication with runners. Testimonials from race organisers and participants highlight Racebest's efficiency and responsiveness, suggesting a well-regarded service. The site lists upcoming events across the UK, covering various distances and terrains, and provides access to past results, demonstrating a comprehensive race management solution. The website also features a blog and legal contact information.

Financially, Racebest Ltd presents a mixed picture. While cash reserves increased significantly by 180% to £320,000, current assets also rose by 160% to £340,000. However, retained earnings and accumulated losses decreased by 14% and 17% respectively, resulting in a net assets decline. Bank borrowings decreased by 40% to £3,600, and creditors increased by 88% to £440,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the equity decline warrants attention. No auditor is mentioned, likely due to exemption as a small company, so the figures are unaudited.

Overall, Racebest Ltd appears to be a successful race management platform, but the financial data suggests it’s burning through cash to fuel growth. The increase in creditors could be a sign of increased investment or potentially a reliance on short-term financing, which is something to keep an eye on.

Registered in England/Wales under the registration number 08193734, with a registered address at BD20 5UG, England, Keighley, 2 Stepping Stones, East Morton.

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