Rennsport Classics Limited

Rennsport Classics Limited, based in Weybridge, UK, is a small, family-run business with an active status, having been established 37 years ago in 1987. The company employs just two people and holds £123,093 in assets, operating from a virtual address shared by many other companies. With three directors and two owners, it’s a tight-knit operation. The firm regularly imports furniture, lighting, and prefabricated buildings, with 6 months of import activity recorded, the latest in August 2024. It also occasionally exports toys, games, and sports equipment, with just one month of export activity as of July 2021.

The company’s website, though not provided, likely reflects its core business: the maintenance and repair of motor vehicles, retail trade of motor vehicle parts and accessories, information technology consultancy activities, and the sale of used cars and light motor vehicles. It’s a diverse range of services, suggesting an adaptable business model. The company even has a showroom in Harrods, London.

Financially, Rennsport Classics Limited shows a mixed picture. Current assets have decreased by 20% to £120,000, while net assets have declined by 27% to -£73,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 15% to £76,000. Trade debtors have plummeted by 39%, suggesting better debt management. 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 stay agile, but the equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial statements are prepared in accordance with FRS 102, and the directors acknowledge their responsibilities for complying with the Companies Act 2006. It's clear that Rennsport Classics Limited is facing some financial pressures, but its diverse business activities and family ownership could help it weather the storm.

Registered in England/Wales under the registration number 02139743, with a registered address at KT13 8DE, England, Weybridge, Surrey, The Old Rectory, Church Street.

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