Simpson Motorsport Ltd

Simpson Motorsport Ltd, based in Cwmbran, UK, is a small, active company established 22 years ago. With four employees and £213,747 in assets, it operates from a virtual address, managed by three directors and two owners. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 11 months of import activity and 5 months of export activity recorded.

The company’s website reveals a specialized motorsport business, offering high-tech race workshops, car preparation, trackday support, engine building, and classic car restoration. Founded in 1986 by Robin Smith, Simpson Motorsport has a rich history, including ten Le Mans entries and a class win. The team also prepares cars for various racing series, from Formula Renault to British GT, and even provides support for Ferrari and Vauxhall teams. The website highlights a strong focus on race car preparation, boasting a 1000hp engine dyno and a large race truck for customer support.

Financially, Simpson Motorsport Ltd shows some interesting trends. Cash reserves increased significantly, jumping 3300% to £62,000, a positive sign. However, trade debtors decreased by 33%, suggesting slower customer payments. Creditors also decreased, which is good, but net assets increased by 26% to £250,000, a healthy sign. Depreciation on plant and machinery decreased, which could mean less investment in equipment. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in debtor and creditor balances warrant attention. As a small company, the financial statements are unaudited, relying on director-reported data. Overall, Simpson Motorsport Ltd appears to be a well-established business navigating the dynamic motorsport industry, though it’s important to monitor its financial health going forward.

Registered in England/Wales under the registration number 04741200, with a registered address at NP44 1EE, Cwmbran, 11 New Street, Pontnewydd.

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