Raceworld Limited

Raceworld Ltd from Exeter UK is a small holding company with an active status, celebrating 30 years since its founding in 1994. The company employs 23 people and holds £481,738 in assets. It has a real address, four directors, and one owner, boasting a stellar 5.0 Google rating from over 1000 reviews. Raceworld is a regular importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity spanning four months.

The company operates a go-karting track and associated facilities, as evidenced by its website. Raceworld offers various karting experiences, including practice sessions, races, and corporate events. A notable aspect is its involvement in the HiltonAmes Devon Business League, a gokarting competition that raises money for local charities – over £100,000 was raised last year! The website also highlights awards and recognition, including Devon Tourism Awards and TripAdvisor awards. The track itself is 400 meters long and features a flyover bridge, state-of-the-art equipment, and a conference room.

Financially, Raceworld Ltd shows a mixed picture. Current assets decreased by 6% to £480,000, while net assets dropped 18% to £180,000. Bank borrowings decreased by 39% to £46,000, and cash reserves increased by 13% to £73,000. Creditors increased by 21% to £310,000, and trade debtors decreased by 9.3% to £400,000. 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 flexible. The increase in creditors suggests a need to manage short-term liabilities, and the decrease in net assets raises questions about long-term profitability. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Raceworld Ltd appears to be a well-regarded local business facing the typical challenges of a small company. Its focus on events and corporate engagement, combined with its strong online presence, positions it well for continued success, though careful financial management will be key.

Registered in England/Wales under the registration number 02997598, with a registered address at EX5 1EW, England, Exeter, Devon, Unit 4 Greendale Business Park, Woodbury Salterton.

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