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Racecorp Limited

04087247

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

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

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 10/10/2025

Due 24/10/2026

On track

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 48

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

CompanyRankvs 11215+ SIC 68100 peers
66

Financial strength98th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.52× · 6/20
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 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.

Liquidity6/20 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 31/10/2025

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

4avg. employees

Director Loans

Company owes directors£136k

Balance Sheet

Assets less current liabilities£8.0M
Signed by Mr SAMI WASIF 10/07/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.52-£203k
20240.15-£301k
20230.14

Derived from filed accounts. Not audited figures.