Racecorp Limited
04087247
Some Concerns
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/10/2025
total exemption full
Next accounts due
31/07/2027
Confirmation statement
Last: 10/10/2025
Due 24/10/2026
Industry
Officers
director · Since 26/05/2001
DIRECTOR
BRITISH · UNITED KINGDOM · Age 79
Also on 15 other boards
director · Since 13/08/2025
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 46
Also on 4 other boards
Former
corporate nominee secretary · Resigned 08/11/2000
corporate nominee director · Resigned 08/11/2000
secretary · Resigned 21/05/2001
director · Resigned 21/05/2001
corporate director · Resigned 01/11/2008
director · Resigned 20/07/2024
secretary · Resigned 20/07/2024
director · Resigned 24/02/2025
Persons with Significant Control
Mr Sami Wasif
British · England · Age 79
The Pipeworks, 26-30 Prescott Place, London, SW4 6BU
Notified 06/04/2016
Charges3 outstanding
LONDON CREDIT LTD
LONDON CREDIT LTD
INVESTEC BANK PLC
COUTTS & COMPANY
COUTTS & COMPANY
COUTTS & COMPANY
COUTTS & COMPANY
LLOYDS BANK PLC
LLOYDS BANK PLC
LLOYDS BANK PLC
MORTGAGE TRUST PLC
Change History
Active
Private Limited Company
UNIT 1, 40-48 BROMELLS ROAD
LONDON
CompanyRankvs 11333+ SIC 68100 peers66
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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 31/10/2025
Net Worth
£2.9M
Balance sheet strength
Cash
£266k
Cash in the bank
Net Current Assets
-£311k
Working capital
Current Assets
£332k
Current Liabilities
£643k
Fixed Assets
£8.3M
Debtors
£67k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.52 | -£203k |
| 2024 | 0.15 | -£301k |
| 2023 | 0.14 | — |
Derived from filed accounts. Not audited figures.