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Racecorp Limited

04087247

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

UNIT 1, 40-48 BROMELLS ROAD, LONDON, SW4 0BG
Incorporated 10/10/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Sami Wasif

director · Since 26/05/2001

DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 15 other boards

Ms Heidi Wasif

director · Since 21/10/2011

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 5 other boards

Ms Charmaine Sharon Wasif

director · Since 13/08/2025

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 4 other boards

Persons with Significant Control

Mr Sami Wasif

Significant control

British · England · Age 79

Unit 1, 40-48, Bromells Road, London, SW4 0BG

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

LONDON CREDIT LTD

Created 26/03/2026Registered 02/04/2026
Charge
outstanding

LONDON CREDIT LTD

Created 26/03/2026Registered 02/04/2026
Charge
outstanding

INVESTEC BANK PLC

Created 13/10/2025Registered 17/10/2025
Charge
satisfied

COUTTS & COMPANY

Created 22/12/2022Registered 22/12/2022Satisfied 20/01/2026
Charge
satisfied

COUTTS & COMPANY

Created 22/12/2022Registered 22/12/2022Satisfied 20/01/2026
Charge
satisfied

COUTTS & COMPANY

Created 22/12/2022Registered 22/12/2022Satisfied 20/01/2026
Charge
satisfied

COUTTS & COMPANY

Created 22/12/2022Registered 22/12/2022Satisfied 20/01/2026
Charge
satisfied

LLOYDS BANK PLC

Created 29/10/2021Registered 02/11/2021Satisfied 23/12/2022
Charge
satisfied

LLOYDS BANK PLC

Created 06/05/2015Registered 22/05/2015Satisfied 23/12/2022
Charge
satisfied

LLOYDS BANK PLC

Created 06/05/2015Registered 07/05/2015Satisfied 23/12/2022
charge
satisfied

MORTGAGE TRUST PLC

Created 29/06/2007Registered 18/07/2007Satisfied 13/08/2025
charge
satisfied

CAPITAL HOME LOANS LIMITED

Created 01/08/2005Registered 07/12/2005Satisfied 08/05/2015
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/05/2004Registered 19/05/2004Satisfied 08/05/2015
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/05/2004Registered 13/05/2004Satisfied 08/05/2015
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 29/04/2004Registered 07/05/2004Satisfied 08/05/2015
charge
satisfied

IRISH NATIONWIDE BUILING SOCIETY

Created 04/12/2000Registered 08/12/2000Satisfied 05/05/2004
charge
satisfied

IRISH NATIONWIDE BUILDING SOCIETY

Created 04/12/2000Registered 08/12/2000Satisfied 05/05/2004

CompanyRankvs 11136+ SIC 68100 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.15× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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11136Racecorp Limited
72
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.

Liquidity2/20 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 31/10/2024

Net Worth

£3.1M

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£555k

Working capital

Current Assets

£99k

Current Liabilities

£653k

Fixed Assets

£8.3M

Debtors

£95k

4avg. employees

Tax at Year End(2021)

Corp tax£2k

Director Loans

Company owes directors£122k

Balance Sheet

Assets less current liabilities£7.7M
Signed by Mr SAMI WASIF 31/10/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.15-£301k
20230.14+£569k
20220.33-£39k
20210.25+£51k
20200.21+£3.0M
20190.16-£4k
20180.10—

Derived from filed accounts. Not audited figures.