Racerinter Limited

Racerinter Limited, based in Stroud, UK, is a small, active company founded 27 years ago in 1997. With two employees and three directors, it’s a lean operation led by a solo founder and owner. The company holds a real address and regularly imports machinery, boilers, and mechanical appliances; parts, with the last import operation recorded three months ago. Officially, it operates in wholesale of radio, television goods & electrical household appliances, wholesale of computers, and letting and operating of own or leased real estate.

The company’s website is non-existent, so it’s difficult to determine if it operates an e-commerce platform. However, the business description suggests a wholesale focus, likely selling to other businesses rather than directly to consumers.

Financially, Racerinter Limited’s recent accounts present a concerning picture. Net assets have declined sharply, dropping 29% to just £400. Cash reserves have vanished entirely, falling 100% from £520 to zero. Bank borrowings have increased significantly, rising 950% to -£400—a worrying trend. Trade creditors have also increased substantially, jumping 950% to -£400. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the dramatic decline in equity suggests financial pressure. There’s no mention of an auditor, which is common for small, exempt companies.

The sudden drop in assets and cash, coupled with increasing liabilities, indicates Racerinter Limited may be burning through money. It’s possible the company is facing challenges in its importing operations or experiencing difficulties collecting payments from its customers. The lack of a website makes it harder to assess its market presence and potential for growth.

Registered in England/Wales under the registration number 03383661, with a registered address at GL6 0LX, England, Stroud, Gloucestershire, The Coach House Spring Hill, Nailsworth.

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