Speedway Pro Limited

Speedway Pro Limited, based in Spalding, UK, is a small, family-run business with an active status, established sixteen years ago in 2008. Employing just one person, the company holds £208,068 in assets and operates from a real address. With three directors and two owners, Speedway Pro Limited specializes in the import and export of vehicles, parts, and accessories (excluding trains and trams), with four months of import activity and seven months of export activity recorded. The company’s website is non-existent, so it’s difficult to assess its online presence.

Speedway Pro Limited appears to be a small operation, meeting two of three criteria for a small company: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s financial data suggests a stable, if not spectacular, performance. Current assets increased by 3.7% to £210,000, while net assets also grew by 7% to £200,000. However, cash bank on hand only increased by 2.4% to £34,000. Trade debtors increased significantly by 37%, which could indicate a growth in sales, but also a potential issue with collecting payments. Creditors decreased by a significant 91%, suggesting improved debt management. The company's tax payable increased by 57%, which could be due to higher profits.

The company’s unaudited accounts, prepared using VT Final Accounts software, show a focus on maintaining a positive net asset position. The company’s description of principal activities is missing, which is a bit odd. The directors acknowledge their responsibilities under the Companies Act, and the company is entitled to exemption from an audit due to its small size. No auditor is mentioned. The company’s accounts are prepared under FRS 102, and members haven’t required an audit.

While the company’s financial health appears reasonable, the lack of a website and the missing description of principal activities raise questions about its marketing efforts and overall strategy. It's possible the company relies heavily on word-of-mouth or direct sales, but a stronger online presence could help it reach a wider audience.

Registered in England/Wales under the registration number 06772808, with a registered address at PE12 9DB, England, Spalding, Lincolnshire, Foresters Hall No 6 High Street, Long Sutton.

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