Road Race Performance Shropshire Ltd

Road Race Performance Shropshire Ltd is a small, active company based in Fareham, UK, founded seven years ago in 2017. With just £59 in assets and a virtual address shared by 150 other companies, it’s a solo-founded operation managed by a single director and owner, Charlotte Lees-bowyer. The company operates in the retail trade of motor vehicle parts and accessories, regularly importing vehicles, parts, and accessories (not for trains or trams) for 55 months, with the latest import in December 2024.

The company’s website, while password-protected, suggests a retail operation—likely an online store—focused on vehicle parts. It’s unclear if the site is fully operational or under development, but the password requirement hints at a desire to control access or manage inventory.

Financially, Road Race Performance Shropshire Ltd is showing some concerning trends. Current assets have plummeted 97%, leaving just £59, and net assets are down a staggering 15%, reaching -£200,000. Bank borrowings have decreased slightly, but cash reserves have also vanished, leaving nothing. Trade debtors are at zero, and creditors have decreased, which is good, but the overall picture is one of significant financial strain. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The sharp decline in equity and the near-total depletion of cash reserves suggest the company is burning through money. While the retail trade of motor vehicle parts is a steady market, the company's current trajectory indicates a need for careful management and potentially a re-evaluation of its business model.

Registered in England/Wales under the registration number 10837089, with a registered address at PO16 0EN, England, Fareham, 203 West Street.

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