Rayspeed Ltd

Rayspeed Ltd from Finchley UK: a small, active company founded two years ago, operates from a virtual address and is led by a solo founder and director. The business regularly imports vehicles, parts, and accessories (excluding trains and trams) – a trend spanning 44 months, with the latest activity in September 2024 – and has recently started exporting similar items, with four months of activity recorded.

The company’s website, AF Rayspeed, is dedicated to scooter tuning, sales, and parts and accessories. It’s a local business based in East Heslerton, North Yorkshire, and caters to scooter enthusiasts, from casual fans to dedicated hobbyists. The site features an online catalogue, performance tuning kits, fitting instructions, and a gallery of scooters, all designed to support the scooter community. They even have a blog and encourage customers to contact them by phone, as email response times can be slow.

Financially, Rayspeed Ltd’s recent accounts show some concerning trends. While assets remain relatively stable at £32,000, net assets have fallen significantly to -£4,100. Bank borrowings have increased dramatically, rising by 2,400% to £35,000, and cash reserves have disappeared completely. Creditors have also increased, reaching £790. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the decline in equity suggests a need to watch cash flow closely. The accounts are unaudited, and no auditor is mentioned, which is common for small, exempt companies. It's a bit worrying that they're burning through cash, but it's possible this is a temporary situation as they build their export business.

Registered in England/Wales under the registration number 14457766, with a registered address at N12 0AF, United Kingdom, Finchley, London, Mehan Accountants Office 16, 447 High Road.

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