R H Racing Limited

R H Racing Limited, based in Cambridge, UK, is a small, active company established fifteen years ago in 2009. With two employees and £89,094 in assets, it operates from a virtual address shared by ninety-two other companies, a fact that raises some questions. The company is run by one director and one owner, Harwin Rod, and is classified as an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams) – though only for a single month of imports in 2022. The business operates within the "other retail sale in non-specialised stores" industry.

The company’s website reveals a much larger operation: Richard Hannon Racing, a well-respected training stable with roots stretching back to 1968. The site showcases a thriving business, boasting facilities, a hall of fame, and a dedicated bloodstock section. It’s clear the racing stables are the primary focus, with the website detailing recent runners, form entries, and even a self-play system for pianos. The site is well-maintained, emphasizing Richard Hannon's expertise and the stable's success.

Financially, R H Racing Limited presents a mixed picture. While the company’s assets remain relatively stable, with a slight decrease of 0.55% to £89,000, there's a noticeable decline in equity, dropping 23% to £11,000. Bank borrowings have decreased by 7.9%, settling at £39,000, and cash reserves have increased significantly, jumping 580% to £17,000. However, the most concerning trend is the sharp drop in average employees, decreasing by 50% to just one person. Creditors have also decreased, suggesting better debt management. The company meets the criteria for being a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

Overall, R H Racing Limited seems to be navigating a period of change. The racing stables appear to be a successful and established venture, while the financial data suggests the company may be facing some challenges, particularly with staffing. It’s possible the reduced workforce is a temporary measure, or a strategic shift to streamline operations—but it’s a trend worth monitoring.

Registered in England/Wales under the registration number 06964222, with a registered address at CB23 4EY, England, Cambridge, Unit 5, Avenue Business Park Brockley Road, Elsworth.

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