Project X Race Engineering Limited
08674630
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 03/09/2013
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 6 other boards
Persons with Significant Control
Mrs Justina Louise Williams
British · United Kingdom · Age 53
Bramble Barn, Mill Farm Barns, Mill Lane, Diss, IP21 5RS
Notified 08/08/2018
Mr Antony Paul Christopher Williams
British · United Kingdom · Age 53
19-20 Bourne Court, Southend Road, Woodford Green, IG8 8HD
Notified 14/08/2020
Former PSCs
Mr Antony Paul Christopher Williams
Ceased 08/08/2018
CompanyRankvs 3940+ SIC 71129 peers72
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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 30/09/2024
Net Worth
£130k
Balance sheet strength
Cash
£40k
Cash in the bank
Net Current Assets
£137k
Working capital
Current Assets
£201k
Current Liabilities
£64k
Fixed Assets
£30k
Debtors
£61k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.13 | +£2k |
| 2023 | 2.67 | -£8k |
| 2021 | 3.12 | -£419 |
| 2020 | 3.92 | -£234k |
| 2019 | 6.93 | +£362k |
| 2018 | 6.58 | — |
Derived from filed accounts. Not audited figures.