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Racelogic Limited

02743719

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 10,, BUCKINGHAM, MK18 1TB
Incorporated 28/08/1992

Compliance

Last accounts

30/09/2024

group

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 08/11/2025

Due 22/11/2026

On track

Industry

26511
Manufacture of electronic instruments and appliances for measuring, testing, and navigation

Officers

Mr Julian Andrew David Thomas

director · Since 01/09/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 57

Christopher Smith

director · Since 02/10/1998

TECHNICAL

BRITISH · ENGLAND · Age 54

Kevin Bursnall

director · Since 10/10/2006

TECHNICAL

BRITISH · ENGLAND · Age 57

Mr Graham Robert Mackie

director · Since 21/02/2011

COMMERCIAL DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Ian Michael Jones

director · Since 27/04/2012

DIRECTOR/ENGINEER

BRITISH · ENGLAND · Age 57

Also on 6 other boards

Mr Martin Christopher Papps

director · Since 01/12/2021

ENGINEERING DIRECTOR

BRITISH · ENGLAND · Age 42

Persons with Significant Control

Mr Julian Andrew David Thomas

50–75% shares
50–75% votes

British · England · Age 57

Unit 10,, Swan Business Centre Osier Way, Buckingham, MK18 1TB

Notified 06/04/2016

Charges1 outstanding

charge
satisfied

LLOYDS TSB BANK PLC

Created 15/10/2007Registered 24/10/2007Satisfied 12/08/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 03/10/2007Registered 13/10/2007Satisfied 12/08/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 06/07/2001Registered 21/07/2001Satisfied 23/07/2013
charge
outstanding

LLOYDS BANK PLC

Created 21/03/1995Registered 01/04/1995

CompanyRankvs 15+ SIC 26511 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.86× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/09/2024

Net Worth

£9.0M

Balance sheet strength

Cash

£2.8M

Cash in the bank

Net Current Assets

£7.5M

Working capital

Current Assets

£9.5M

Current Liabilities

£1.9M

Fixed Assets

£1.5M

Debtors

£2.6M

Profit After Tax

£2.7M

122avg. employees+6

Tax at Year End

Corp tax£163k
Dividends paid£2.4M

People Costs(2021)

Wages & salaries£2.6M
NI contributions£231k

Balance Sheet

Intangible assets£167k
Assets less current liabilities£9.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20244.86+£225k
20236.59+£789k
202210.00+£1.4M
20217.26+£797k
20206.67-£1.1M
201912.75+£266k
20187.00

Derived from filed accounts. Not audited figures.