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Life Racing Limited

03975626

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT 6 REPTON CLOSE, BASILDON, SS13 1LE
Incorporated 18/04/2000

Compliance

Last accounts

30/09/2025

total exemption full

Next accounts due

30/06/2027

On track

Confirmation statement

Last: 10/03/2026

Due 24/03/2027

On track

Industry

29310
Manufacture of electrical and electronic equipment for motor vehicles

Officers

Mr Michael Andrew Lancaster

director · Since 05/05/2000

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Adrian Victor Phipps

secretary · Since 15/01/2010

BRITISH

Persons with Significant Control

Mr Michael Andrew Lancaster

75–100% shares
75–100% votes
Appoint directors

British · England · Age 62

Unit 6, Repton Close, Burnt Mills Industrial Estate, Basildon, SS13 1LE

Notified 06/04/2016

Former PSCs

Christopher Charles Dyson

Ceased 09/09/2020

Charges3 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 12/04/2017Registered 21/04/2017
charge
outstanding

BARCLAYS BANK PLC

Created 02/04/2007Registered 12/04/2007
charge
outstanding

DYSON RACING TEAM, INC

Created 29/11/2006Registered 19/12/2006
charge
satisfied

HSBC BANK PLC

Created 24/07/2006Registered 25/07/2006Satisfied 27/07/2010

CompanyRankvs 15+ SIC 29310 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 5.77× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/09/2024

Net Worth

£3.9M

Balance sheet strength

Cash

£134k

Cash in the bank

Net Current Assets

£3.5M

Working capital

Current Assets

£4.3M

Current Liabilities

£741k

Fixed Assets

£377k

Debtors

£1.9M

16avg. employees+3

Balance Sheet

Assets less current liabilities£3.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20245.77+£231k
20235.22+£1.1M
20222.87+£91k
20214.47+£534k
20204.09+£870k
20192.36-£128k
20182.63—

Derived from filed accounts. Not audited figures.