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Racing Green Engineering Limited

04874814

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

TY NANT, LLANELLI, SA14 9LR
Incorporated 21/08/2003

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 21/08/2025

Due 04/09/2026

On track

Industry

29100
Manufacture of motor vehicles

CompanyRankvs 105+ SIC 29100 peers
89

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.19× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 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

£1.9M

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

£1.8M

Working capital

Current Assets

£2.6M

Current Liabilities

£829k

Fixed Assets

£104k

Debtors

£898k

19avg. employees

Balance Sheet

Intangible assets£45k
Bank loans & overdrafts£4k
Assets less current liabilities£1.9M
Signed by 04874814 2024-01-01 2024-12-31 04874814 2024-12-31 04874814 core:HirePurchaseContracts core:CurrentFinancialInstruments Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20243.19+£76k
20232.84

Derived from filed accounts. Not audited figures.