Speedworks Motorsport Limited

Speedworks Motorsport Ltd, based in Northwich, UK, is a small, active company founded 21 years ago. With four employees and £604,295 in assets, it’s a well-established player in the motorsport industry. The company has four directors and a single owner, Dick Christian, at the helm. It’s a regular importer of vehicles, parts, and accessories—not for trains or trams—with import activity spanning six months, the most recent in September 2024.

The company’s website showcases its involvement in the British Touring Car Championship and British GT Championship, running Toyota Corolla GR Sports and partnering with the British Army. It also offers services like piano restoration, hinting at a broader range of expertise. The website actively seeks partnerships, offering brands exposure through motorsport events. It's a busy site, with a newsletter signup form and a blog featuring news and updates.

Financially, Speedworks Motorsport Ltd presents a mixed picture. Current assets have increased by 8.8% to £600,000, while net assets have decreased by 120% to -£2.3 million. Bank borrowings have plummeted by 97%, reaching just £39,000, and cash reserves have fallen 30% to £100,000. Creditors have risen by 71%, suggesting increased short-term liabilities. Trade debtors have decreased by 74%, which could be a good sign of improved collection efforts. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the significant equity decline raises concerns. The accounts are unaudited, as is typical for companies of this size.

Overall, Speedworks Motorsport Ltd appears to be navigating a challenging financial landscape. While its motorsport activities seem vibrant, the declining equity suggests a need for careful financial management.

Registered in England/Wales under the registration number 04936126, with a registered address at CW9 6JB, England, Northwich, Cheshire, No 1 Thellow Heath Park, Northwich Road, Antrobus.

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