Racke Limited

Racke Ltd from Ross-On-Wye UK: small company, holding company, active status, founded 8 years ago, £99,046 assets, real address, 1 director, 1 owner. Irregular importer of various textile products, sets, used clothing, and rags (1 months imported). Irregular exporter of various textile products, sets, used clothing, and rags (2 months exported). It’s a small, holding company based in Ross-On-Wye, UK, with a real address and a single director and owner. Founded in 4/28/2016, the company holds £99,046 in assets and operates as both an importer and exporter of textiles, used clothing, and rags, though activity has been infrequent.

Racke Ltd’s website, Racketworld, is a comprehensive online retailer specializing in racket sports equipment. It offers a wide range of products, including tennis, squash, badminton, padel, and pickleball rackets, clothing, footwear, and accessories from leading brands like Wilson, Head, and Dunlop. The site caters to players of all levels, from beginners to professionals, and offers a variety of quick links and buying guides to assist customers in finding the right equipment. It's a full-fledged e-commerce operation, complete with a login system, password reset options, and a "Your Basket" feature. The site also highlights new arrivals and promotional sales, encouraging repeat visits.

Financially, Racke Ltd’s picture is a little mixed. Current assets have fallen by a significant 39%, dropping to £99,000, while net assets have plummeted 65%, leaving just £15,000. Bank borrowings have seen a dramatic increase, jumping to £200,000, and cash reserves have also decreased. Interestingly, creditors have improved, decreasing by 18%. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, so the figures are unaudited.

The sharp decline in equity is a cause for concern, though it’s possible this is a temporary setback. The company’s holding status suggests it may have other ventures, and the irregular import/export activity indicates a flexible business model. It seems like Racke Ltd is navigating a period of change, and its future success will depend on its ability to adapt to market conditions and manage its finances effectively.

Registered in England/Wales under the registration number 10153400, with a registered address at HR9 6AN, United Kingdom, Ross-On-Wye, Herefordshire, Hollymount Barn, Glewstone.

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