W. Greatrex Racing Limited

W. Greatrex Racing Limited, based in Newbury, UK, is a small, active company founded twelve years ago. With nineteen employees and £299,155 in assets, it's a solo-founded operation led by a single director and owner, Warren Greatrex. The company operates from a virtual address – 296 other companies are registered at the same location – and specializes in the operation of sports facilities, specifically racehorse training. It’s an irregular importer, bringing in live animals for a single month of imports, the most recent in June 2024.

The company's website showcases a thriving racehorse training business, with a focus on both training and restoring racehorses. It highlights the team, facilities, horses in training, and horses for sale, alongside recent race wins and news updates. The website also emphasizes the historical significance of the yard, previously home to Grand National winners. It’s clear the business is driven by a passion for British racing heritage.

Financially, W. Greatrex Racing Limited presents a mixed picture. While current assets increased by 37% to £300,000, net assets declined by 26% to -£480,000. Bank borrowings decreased by 30% to £540,000, and cash reserves plummeted 100% to just £5. Trade creditors increased by 37% to £210,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The significant decrease in net assets, however, suggests potential financial strain, despite the increase in current assets. As a small company, it’s exempt from an audit, and the figures are unaudited. It seems the business is working hard, but it's also burning through cash.

Registered in England/Wales under the registration number 08097499, with a registered address at RG14 1QL, England, Newbury, Berkshire, 2 Old Bath Road.

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