Racepace Limited

Racepace Ltd from London UK: a small, active company founded six years ago, employs two people, holds £14,006 in assets, operates from a virtual address, and is led by one director and two owners – a family business. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

Racepace Ltd specializes in importing and supplying South African racing kayaks and accessories. Its website showcases a range of kayaks, from the K1s to the Genius G40, and emphasizes competitive pricing and bespoke boat options. Richard, the founder, has a long history in sea kayaking and marathon racing, offering expert advice to customers. Interestingly, the website also mentions a boutique floral event design company based in Seattle, Washington, but it's unclear if this is a related venture.

Financially, Racepace Ltd’s recent performance presents a mixed picture. Accumulated depreciation has increased by 35%, reflecting investment in equipment, while cash bank has decreased by 15%. A significant rise in other creditors (340%) suggests increased reliance on trade credit, and a decrease in equity (-34%) indicates a reduction in retained earnings. Although the company’s small size helps maintain agility, the decline in equity and cash reserves warrants attention. There was no auditor mentioned, likely due to the company’s exemption as a small business.

Registered in England/Wales under the registration number 11857392, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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