Racing Technologies Limited

Racing Technologies Limited, based in Southgate, UK, is a small, active company founded 27 years ago. With ten employees and £362,842 in assets, it's a solo-founded operation managed by three directors. The company operates from a virtual address – twenty-one companies registered at the same location – and is an irregular importer of vehicles, parts, and accessories, with recent activity recorded in December 2024. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's website showcases a partnership with Brembo, a renowned manufacturer of braking systems. Racing Technologies Limited acts as an official supplier of Brembo UPGRADE and Racing products for the Americas and Asia-Pacific regions, providing market development, supply chain management, and technical support. The website offers a comprehensive range of Brembo products, from sport discs and pads to PISTA and racing systems, catering to both street and track enthusiasts. It’s clear they focus on high-end automotive components, with a strong emphasis on performance and quality. The site allows users to search for products based on vehicle make and model, and even offers a brake pad comparison tool.

Financially, Racing Technologies Limited shows some concerning trends. Cash reserves dropped by a significant 99%, falling to £160,000. Bank borrowings increased by 2.5%, reaching £10,000, and creditors rose 16%, totaling £170,000. However, there's a bright spot: trade debtors surged by 570%, suggesting improved customer payments or expanded credit terms. Corporation tax payable increased substantially, rising 470% to £51,000. The company’s net assets increased by 65% to £230,000. As a small company, it’s exempt from an audit, and the figures are unaudited.

While the company’s partnership with Brembo suggests a strong market position, the financial data indicates potential cash flow challenges. The increase in trade debtors could be a short-term blip, or it might signal difficulties in collecting payments. The substantial rise in corporation tax payable is also something to keep an eye on. Overall, Racing Technologies Limited seems to be navigating a complex landscape, balancing a premium brand with financial pressures.

Registered in England/Wales under the registration number 03539783, with a registered address at N14 6HF, United Kingdom, Southgate, London, Southgate Office Village, 286a Chase Road.

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