Gp Racing Simulators Limited

Gp Racing Simulators Limited, based in Glasgow, UK, is a small, active company founded two years ago in November 2022. With just one employee and £18,635 in assets, it's a solo founder operation managed by a single director and owner, Lambie Ben Robert. The company has a real registered address, though eleven companies share it, suggesting a virtual address. It boasts a stellar 5.0 Google rating based on 23 reviews, indicating high customer satisfaction. The business irregularly imports toys, games, and sports equipment, with the last import recorded in October 2023.

The company's website describes it as Glasgow's Premier Full Motion VR Racing Simulator Centre, suggesting a focus on providing immersive racing experiences. This is reinforced by its classification within the "other amusement and recreation activities n.e.c." industries. The website is clearly geared towards direct customer interaction, functioning as an e-commerce platform for booking simulator sessions.

Financially, Gp Racing Simulators Limited presents a concerning picture. While the company is small (meeting two of three criteria for a small company), its equity sits at a negative £7,200, indicating accumulated losses. Cash bank on hand is a modest £1,600, and net current assets and liabilities are a significant negative £110,000. Trade debtors are £17,000, and creditors are a substantial £130,000. The company’s property, plant, and equipment, primarily consisting of plant machinery, is valued at £110,000, but depreciation charges are minimal. As a small company, it’s exempt from an audit, so these figures are unaudited.

The company’s reliance on a virtual address and its negative equity raise questions about its long-term viability. While the high Google rating suggests strong customer service, the financial strain is evident. The company is clearly burning through money, and the lack of cash reserves is a cause for concern. It’s possible the business is still in its early stages, but the current trajectory doesn’s look sustainable.

Registered in Scotland under the registration number SC749915, with a registered address at G74 4GT, Scotland, Glasgow, Playsport Stewartfield Way, East Kilbride.

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