Speedway Service Limited

Speedway Service Ltd from Spalding UK is a small, family-run business with an active status, established 22 years ago. The company employs just two people and holds £487,528 in assets. With four directors and two owners, it maintains a stellar 5.0 Google rating based on 13 reviews. Speedway Service Ltd regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 33 months of import activity and 119 months of export activity.

The company’s website highlights its role as an official Anlas speedway tyre distributor for the UK, encouraging retail and trade orders. It also mentions a connection to Speedway Pro, GM engines, and Stuha—suggesting a broader network within the speedway industry. The site’s focus is clearly on sales, with a limited "About" section and a straightforward layout.

Financially, Speedway Service Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 9.7%, while cash bank on hand dropped 28% to £99,000. Creditors rose by a significant 40%, and trade debtors increased by 44%, which could indicate growing sales but also potential payment delays. Equity decreased by 2%, and net assets liabilities also dropped by 2% to £620,000. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for agility. The unaudited figures, prepared using VT Final Accounts software, don't mention an auditor.

Overall, Speedway Service Ltd seems to be navigating a period of change. While its strong Google rating and distributor status suggest continued customer demand, the financial data indicates a need to manage cash flow and potentially address rising debts.

Registered in England/Wales under the registration number 04703061, with a registered address at PE12 9DB, England, Spalding, 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.