Rcracingsupplies Ltd

Rcracingsupplies Ltd is a small, active company based in Nottingham, UK, founded three years ago in 2022. It’s a solo venture, run by a single director and owner, Taylor Carl, and holds just £18,502 in assets. The company operates from a virtual address, registered at 1 Fisher Lane, Bingham – an address shared by 152 other businesses. It’s a regular importer, specializing in toys, games, and sports equipment, with recent activity recorded in April 2024. The company’s website, RC Racing Supplies, focuses on providing “honest, efficient service” to racers, offering a range of 1/10 scale on-road racing equipment. It's a family-run business that took a step back from normal routines and decided to refocus on what they enjoy.

The website highlights a dedication to providing quality products and customer support, with a blog offering advice and information for racers. It’s clear the company is operating as an e-commerce business, selling directly to consumers. They have a mailing list, and even a section to not sell their personal information.

Financially, Rcracingsupplies Ltd presents a mixed picture. Net assets have plummeted to -£3,400, a significant downturn from the previous year, and cash bank on hand has decreased by 35% to £2,200. Trade debtors have also fallen considerably, down 73%, suggesting a potential issue with customer payments. However, creditors have decreased by 35%, indicating improved debt management. The company’s small size – meeting two of three conditions for a small company – allows for agility, but the substantial equity loss raises concerns. With no auditor mentioned, the figures are unaudited.

Overall, Rcracingsupplies Ltd appears to be navigating a challenging period. While the website suggests a commitment to customer service and a niche market, the financial data indicates a company burning through money. It will be interesting to see if they can turn things around.

Registered in England/Wales under the registration number 14017872, with a registered address at NG13 8BQ, England, Nottingham, 1 Fisher Lane, Bingham.

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