Torque Racing Services Limited

Torque Racing Services Ltd from Letchworth Garden City UK: a small, active company founded 11 years ago, employs just one person, and holds £60,514 in assets. Operating from a virtual address, the company is led by a solo founder and a single director, maintaining a stellar 5.0 Google rating from 57 reviews. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring two months ago in April 2022.

The company’s website, Torque Racing Offroad, positions itself as a specialist in motorcycle suspension and engine building. Based in Bassingbourn, Cambridgeshire, it provides services ranging from suspension tuning and modifications to race preparation and even rally navigation tuition. It’s a UK sales service centre for TracTive Suspension, and the site highlights the expertise of Martin Wittering, a renowned race rally mechanic with a background spanning Alpinestars and Desert Rose Racing. The website also features a blog with helpful tips and information for offroad motorcycle enthusiasts.

Financially, Torque Racing Services Ltd presents a mixed picture. While cash reserves have plummeted by 46% to £33,000, creditors have also decreased by 5.5% to £67,000. Bank borrowings have seen a significant decrease, with overdrafts falling by 45% to £6,200. However, the most concerning trend is the dramatic drop in equity, which has swung from £4,000 to a negative £12,000—a 410% decline. The company’s small size (meeting two of three conditions for a small company) helps it remain nimble, but the sharp equity loss suggests potential financial strain. The company’s accounts are unaudited, likely due to its small size, so the figures rely on director-reported data. It seems the company is burning through money, and it’s not clear if it will be able to recover.

Registered in England/Wales under the registration number 08745547, with a registered address at SG6 1PT, United Kingdom, Letchworth Garden City, Hertfordshire, St Christophers House, Ridge Road.

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