Back to search

Racing Technique Limited

04480535

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

UNIT 1 SHELLEYS LANE, ALTON, GU34 3AQ
Incorporated 09/07/2002

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 24/11/2025

Due 08/12/2026

On track

Industry

29320
Manufacture of other parts and accessories for motor vehicles

CompanyRankvs 105+ SIC 29320 peers
90

Financial strength98th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 8.32× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£4.8M

Balance sheet strength

Cash

£312k

Cash in the bank

Net Current Assets

£3.5M

Working capital

Current Assets

£4.0M

Current Liabilities

£475k

Fixed Assets

£1.3M

Debtors

£601k

34avg. employees-1

Director Loans

Directors owe company£1k

Balance Sheet

Intangible assets£99k
Assets less current liabilities£4.8M
Prepared with BTCSoftware AP Solution 2024 11.2.09

EstimatesDerived

YearCurrent RatioImplied Profit
20248.32-£418k
202319.32-£134k
202213.00

Derived from filed accounts. Not audited figures.