Skegness Raceway Ltd

Skegness Raceway Ltd from Salford UK is a small, active company founded eight years ago. With three employees and £506,591 in assets, it operates from a virtual address and is led by two directors and one owner. Boasting a stellar 5.0 Google rating from 1291 reviews, the company is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with recent import activity spanning two months.

The company’s website details its operations as a stadium in England, and it’s a private limited company registered in England/Wales. It’s been operating for eight years, and the financial statements are unaudited. The company’s core business is described as operating in the “other amusement and recreation activities n.e.c.” industries.

Financially, Skegness Raceway Ltd’s numbers paint a mixed picture. Accumulated depreciation on furniture, fittings, land, buildings, and motor vehicles have all increased, suggesting investment in assets, while cash bank on hand has fallen by a significant 54% to £110,000. Creditors have also increased by 19%, and bank borrowings remain steady. Despite a drop in current assets by 18%, the company's net assets have increased by 11% to £1.4 million. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in cash reserves warrants attention. No auditor is mentioned, which is typical for a small, exempt company.

The company’s financial statements are prepared in compliance with Section 1A of FRS 102.

Registered in England/Wales under the registration number 10439198, with a registered address at M3 5JZ, United Kingdom, Salford, Alex House 260-268 Chapel Street.

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