Tas Racing Ltd

Tas Racing Ltd is a small, active company based in Co Londonderry, UK, founded 24 years ago in 2001. With £715,391 in assets and a real registered address, it’s a tight-knit operation with three directors and one owner. The company employs four people and operates in the other sports activities industries. It’s a irregular importer, with its top import category being Optical and medical tools and devices, totaling 1 months of imports, the last operation was conducted on March 01, 2023.

The company's website is not available, so it’s difficult to determine exactly what they do. However, the description suggests a focus on sports-related activities, possibly involving racing. It's unclear if they have an e-commerce presence or primarily operate behind the scenes, supplying equipment or services.

Financially, Tas Racing Ltd shows a mixed picture. Current assets have decreased by 24%, dropping to £550,000, while net assets have also declined by 21%, settling at £550,000. Cash reserves have taken a significant hit, falling 56% to £160,000. Trade debtors have increased by 11%, reaching £360,000, which could indicate delayed payments from customers or a strategic move to offer more credit. Creditors have also fluctuated, with short-term liabilities rising 63% to £120,000, while longer-term obligations decreased by 37% to £21,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in equity raises questions. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Tas Racing Ltd appears to be facing some financial headwinds, but it’s also demonstrating resilience. The company’s long history and established presence in the sports activities sector suggest it has a solid foundation, but it will need to manage its cash flow carefully to navigate these challenges.

Registered in Northern Ireland under the registration number NI040312, with a registered address at BT45 7XL, Co Londonderry, 31a Moneyhaw Road, Moneymore.

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