Powerboat P1 Management Limited
04591765
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- 3 outstanding charges (-6)
Details
Previously known as
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 22/01/2026
Due 05/02/2027
Industry
Officers
director · Since 28/06/2004
BUSINESSMAN
BRITISH · ENGLAND · Age 68
Also on 36 other boards
director · Since 12/11/2018
SPORTS PROMOTER
BRITISH · UNITED ARAB EMIRATES · Age 39
Former
corporate nominee director · Resigned 20/11/2002
corporate nominee secretary · Resigned 20/11/2002
secretary · Resigned 12/12/2002
director · Resigned 09/12/2003
secretary · Resigned 16/11/2004
secretary · Resigned 08/05/2006
director · Resigned 31/12/2006
director · Resigned 28/02/2007
secretary · Resigned 28/08/2007
corporate director · Resigned 31/08/2007
director · Resigned 01/09/2007
director · Resigned 30/11/2008
secretary · Resigned 31/03/2009
director · Resigned 05/01/2010
director · Resigned 01/07/2016
secretary · Resigned 09/01/2026
Persons with Significant Control
Mr Azam Asif Rangoonwala
British · United Arab Emirates · Age 39
Queen Anne Mansion, S, London, W1G 9RL
Notified 16/02/2024
Former PSCs
Mr Khalid Rangoonwala
Ceased 16/02/2024
Charges3 outstanding
BARTS RACING & SPORTS LIMITED
BARTS RACING & SPORTS LIMITED
BARTS RACING & SPORTS LIMITED
Change History
Active
Private Limited Company
QUEEN ANNE MANSION S
LONDON
CompanyRankvs 5295+ SIC 93199 peers51
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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 31/12/2024
Net Worth
-£15.8M
Balance sheet strength
Cash
£7k
Cash in the bank
Net Current Assets
£48.2M
Working capital
Current Assets
£49.9M
Current Liabilities
£1.6M
Fixed Assets
£259k
Debtors
£49.6M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 30.54 | -£465k |
| 2023 | 244.08 | — |
Derived from filed accounts. Not audited figures.