Rapido Racing Limited

Rapido Racing Ltd from Newmarket UK: a small, active company founded ten years ago, employs ten people, and holds £1,451,546 in assets. It operates from a real address and is led by one director and owner. The company regularly imports live animals, with three months of import activity recorded, and exports them, with twenty months of export activity. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The company’s website, Rapido Racing, specializes in transporting horses by road, sea, and air, offering bespoke shipping services. It boasts a range of horseboxes, catering to various sizes, and emphasizes strong relationships with cargo airlines and a network of professional grooms, drivers, and ex-travelling head lads. It also has a division called Greenacres Media, which seems to be a separate entity.

Financially, Rapido Racing Ltd presents a mixed picture. While cash reserves increased by a substantial 110% to £310,000, indicating improved liquidity, other areas raise concerns. Net assets increased by 22%, reaching £960,000, but trade debtors increased by 6.3% to £1,000,000, suggesting potential difficulties in collecting payments. Creditors also increased by 18% to £600,000. Depreciation on motor vehicles, a significant asset, increased by 29%, reflecting wear and tear or potential investments. The company’s small size and lack of an auditor (likely exempt) mean these figures are unaudited.

Overall, Rapido Racing Ltd seems to be holding its own, but the rising trade debtors and creditor levels suggest it may be needing to carefully manage its cash flow. The company’s focus on a niche market—horse transportation—and its network of experienced professionals could be key to its long-term success.

Registered in England/Wales under the registration number 09449025, with a registered address at CB8 9WT, United Kingdom, Newmarket, Suffolk, The Old Station Yard, Green Road.

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