Racing Green Engineering Limited
04874814
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 21/08/2025
Due 04/09/2026
Industry
Officers
Former
corporate nominee secretary · Resigned 21/08/2003
corporate nominee director · Resigned 21/08/2003
Persons with Significant Control
Peris Lloyd Edwards
British · United Kingdom · Age 83
Ty Nant, Llanelli, SA14 9LR
Notified 06/04/2016
Nigel Charles Holmes
British · United Kingdom · Age 60
Ty Nant, Llanelli, SA14 9LR
Notified 06/04/2016
Charges1 outstanding
LLOYDS TSB BANK PLC
Change History
Active
Private Limited Company
TY NANT
LLANELLI
CompanyRankvs 15+ SIC 29100 peers79
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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
£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
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.19 | +£76k |
| 2023 | 2.84 | +£66k |
| 2022 | 2.66 | +£186k |
| 2021 | 2.58 | +£74k |
| 2020 | 2.33 | +£111k |
| 2019 | 2.15 | +£202k |
| 2018 | 1.98 | — |
Derived from filed accounts. Not audited figures.