Speedsport Ltd

Speedsport Ltd from Daventry UK: small company, active status, founded 24 years ago, 1 employee, £4,148,485 assets, real address, 2 directors, 1 owner. Regular importer of vehicles, parts, and accessories (not for trains or trams) (13 months imported). Regular exporter of vehicles, parts, and accessories (not for trains or trams) (5 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £4,148,485.

Speedsport Promotions Silverstone operates as a driver management and media communications company, also offering corporate hospitality services. At the heart of Silverstone, it’s a supplier of Tesa Tape and Arai helmets and even runs an eBay store and gallery. The company's website highlights its involvement in the 2022 racing season, with wins at Brands Hatch and Donington. It seems to be a well-established business, with a long history in motorsport, although it's not clear how much of the business is driven by the promotions arm versus the other ventures.

Financially, Speedsport Ltd’s numbers present a mixed picture. While bank borrowings decreased by 37%, dropping to £94,000, cash reserves remained steady at £140. Creditors decreased by 26%, which is a good sign, but net assets increased by 37% to £2.5 million. Depreciation on motor vehicles increased significantly, rising 390% to £34,000, which could indicate new vehicle purchases or increased maintenance costs. The company’s small size helps it stay flexible, but the increase in depreciation raises questions about the long-term sustainability of its assets. The lack of an auditor mentioned suggests the company is exempt as a small company, relying on unaudited financial statements. It’s a little confusing, but the company seems to be doing okay, although it could benefit from more transparency in its financial reporting.

Registered in England/Wales under the registration number 04052272, with a registered address at NN11 8PG, England, Daventry, 39 Alvis Way, Royal Oak Industrial Estate.

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