Absolute Race Engineering Limited
08357223
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/01/2013
FARMER
BRITISH · UNITED KINGDOM · Age 72
Also on 1 other board
Persons with Significant Control
Robert Hugh Juggins
British · England · Age 70
Brunel House, 1 Archers Court, Huntingdon, PE29 6XG
Notified 06/04/2016
Formula Classics Pty Ltd
12, Sarich Court, Osborne Park, .
Reg: 65154536339 · Australia · Private Company Limited By Shares
Notified 06/04/2016
CompanyRankvs 21403+ SIC 71129 peers32
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 28/02/2025
Net Worth
-£129k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£100k
Working capital
Current Assets
£63k
Current Liabilities
£165k
Fixed Assets
£6k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.38 | -£33k |
| 2024 | 0.47 | -£41k |
| 2023 | 0.78 | -£24k |
| 2022 | 1.18 | -£14k |
| 2021 | 2.31 | -£20k |
| 2020 | 2.25 | -£6k |
| 2019 | 2.89 | — |
Derived from filed accounts. Not audited figures.