Racing Green Cars Limited

Racing Green Cars Ltd from Godalming UK: a small, holding company with an active status, was founded 24 years ago. It employs six people and holds £1,745,856 in assets, operating from a virtual address. With one director and one owner, the company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams) – 17 months of importing and 9 months of exporting activity recorded.

The company's website is currently unavailable, making it difficult to assess its e-commerce presence or online sales strategy. It’s unclear whether they have a dedicated online store or primarily operate through other channels.

Financially, Racing Green Cars Ltd presents a mixed picture. While the company’s assets remain substantial, some key figures have declined. Accumulated depreciation for land and buildings increased by 28%, while plant and machinery depreciation fell by a significant 94%. Bank borrowings remained stable, but cash reserves increased by 28% to £45,000. Creditors increased by 17%, and net current assets decreased by 5.4%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decline in equity—falling 4.2%—suggests potential financial pressures. The company’s net losses deepened by 19%, and trade debtors decreased by 52%. With no auditor mentioned, the financial statements are unaudited.

The company’s core business appears to revolve around the import and export of automotive parts and accessories, but the lack of a visible online presence raises questions about its sales strategy. The significant increase in depreciation suggests potential investments in property or equipment, while the decline in equity could be attributed to various factors, such as increased operating expenses or reduced profitability. It’s also worth noting that the company’s sole director, Love Graham Carvell, has a significant stake, which could influence decision-making.

Registered in England/Wales under the registration number 04012195, with a registered address at GU8 6HF, Godalming, Surrey, West House Milford Road, Elstead.

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