Pace Racing Developments Limited
01841444
Some Concerns
- Negative net worth (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mrs Tekla Watson
British · England · Age 75
Faiers House, Gilray Road, Diss, IP22 4WR
Notified 06/04/2016
Mr Michael Elvin Watson
British · England · Age 83
Faiers House, Gilray Road, Diss, IP22 4WR
Notified 06/04/2016
Charges2 outstanding
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 9413+ SIC 32990 peers33
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
-£55k
Balance sheet strength
Cash
£99k
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£262k
Fixed Assets
£99k
Debtors
£17k
Director Loans
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£45k |
| 2024 | — | -£23k |
| 2023 | — | -£3k |
| 2022 | 0.90 | -£17k |
| 2021 | 1.04 | -£34k |
| 2020 | 0.71 | -£6k |
| 2019 | 0.68 | — |
Derived from filed accounts. Not audited figures.