Red Motorsports Limited

Red Motorsports Ltd, based in Birmingham, UK, is a small, active company founded eight years ago. It employs two people and holds £37,256 in assets, operating from a virtual address and managed by one director and owner. The company runs an e-commerce site and irregularly imports vehicles, parts, and accessories – its last import activity was recorded over five years ago.

The company's website showcases a wide range of automotive parts and services, from alloy wheels and body styling to car remapping and window tinting. It’s a one-stop shop for car enthusiasts, offering everything from basic maintenance to high-performance upgrades. The site highlights services like car window tinting, car remapping, and lowering springs, emphasizing quality and expertise. They even offer car body styling, with a team of car enthusiasts providing expert mechanic and technician services.

Financially, Red Motorsports Ltd is showing some concerning trends. Current assets have fallen by 16% to £37,000, and net assets have dropped significantly by 47% to £5,300. Bank borrowings have also decreased, but cash reserves are down 8%, sitting at just £100. Creditors have increased by 9%, suggesting a reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the drop in equity is a worrying sign. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Red Motorsports Ltd appears to be facing some financial headwinds, despite a well-presented website and a broad range of services. Whether it can navigate these challenges and sustain its operations remains to be seen.

Registered in England/Wales under the registration number 10578151, with a registered address at B11 2AA, England, Birmingham, 205 Kings Road, Tyseley.

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