Ricky Flynns Motorsports Limited

Ricky Flynns Motorsports Limited, based in Hertford, UK, is a small, active holding company established twelve years ago in December 2012. With two employees and £1,019,791 in assets, it operates from a virtual address shared by nineteen other companies—a bit unusual, to say the least. The company is led by one director and one owner, with Flynn Ricky at the helm.

The business primarily imports clothing and accessories (excluding knitted or crocheted items) for a couple of months, with the last import recorded in May 2024. It also exports vehicles, parts, and accessories (excluding train or tram equipment) for a single month, with the last export dating back to December 2017. The company’s website is non-existent, which makes it difficult to understand what they do. They operate in the maintenance and repair of motor vehicles industries.

Financially, Ricky Flynns Motorsports Limited presents a mixed picture. Cash reserves have fallen by a significant 41%, dropping to £400,000, while creditors have decreased by 19%, settling at £730,000. Current assets have also declined by 14%, reaching £1,000,000. Despite this, debtors have increased by 19%, now standing at £620,000, which could indicate growing sales or potentially delayed payments. Equity has seen a slight increase of 1%, now at £290,000. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decrease in cash is something to keep an eye on. As a small company, it is exempt from an audit, so the financial statements are unaudited.

Overall, Ricky Flynns Motorsports Limited seems to be holding its own, but the drop in cash reserves suggests it’s not exactly burning money. The company’s irregular import and export activity, combined with the lack of a website, makes it difficult to fully assess its long-term prospects.

Registered in England/Wales under the registration number 08337738, with a registered address at SG14 1BP, Hertford, Herts, Belfry House, Bell Lane.

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