Turbo Rc Group Ltd

Turbo Rc Group Ltd is a private limited company registered in England/Wales with the registration number 14739328. The company was founded two years ago on March 17, 2023, and registered at N1 7GU, England, London, 20-22 Wenlock Road. The address is probably virtual as 28859 companes registered at the same address. Its status is active. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and one employee.

The company's website, TurboRacing, seems to be centered around RC (remote control) vehicles and related hobby supplies. While the site’s URL suggests a focus on racing, the content is a jumble of seemingly random numbers and characters, with no clear indication of products or services. There’s a mention of “johnturboracinghobby.com,” which could be a related domain, but it’s inaccessible. It’s difficult to determine the exact nature of the online business from the available information, but it appears to be an ecommerce venture.

Financially, Turbo Rc Group Ltd presents a concerning picture. The company’s net assets are currently at a negative £1,200, indicating that its liabilities exceed its assets. Cash reserves are a meager £1,700, and creditors stand at £2,900. While 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, the negative equity and low cash balance suggest a company struggling to stay afloat. The lack of an auditor (likely exempt as a small company) means the figures rely on unaudited director-reported data. It seems like the company is burning through money. The director, Mr. Magyar-Hunor Tamas, appears to be carrying the weight of the business, and the lack of employees suggests a lean operation, but also a potential lack of resources.

Registered in England/Wales under the registration number 14739328, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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