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Mahindra Racing Uk Limited

09052210

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

6TH FLOOR 2, LONDON, EC2Y 5AU
Incorporated 22/05/2014

Compliance

Last accounts

31/03/2026

full

Next accounts due

31/12/2027

On track

Confirmation statement

Last: 18/05/2026

Due 01/06/2027

On track

Industry

29310
Manufacture of electrical and electronic equipment for motor vehicles
29320
Manufacture of other parts and accessories for motor vehicles

Officers

Chandrashekar Joshi

director · Since 30/05/2014

SERVICE

INDIAN · ENGLAND · Age 61

Frederic Bertrand

director · Since 31/01/2023

DIRECTOR

FRENCH · FRANCE · Age 51

Pratap Kishore Bose

director · Since 13/11/2025

BRITISH · UNITED KINGDOM · Age 51

Velusamy Ramasamy

director · Since 13/11/2025

INDIAN · INDIA · Age 54

CompanyRankvs 86+ SIC 29310 peers
62

Financial strength94th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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86Mahindra Racing Uk Limited
68
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.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts. Page 1 MAHINDRA RACING UK LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Financial key performance indicators The comp

Key FinancialsYear ending 31/03/2023

Turnover

£25.2M

Annual revenue

Net Worth

£1.3M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Profit Before Tax

£1.4M

Bottom line earnings

Net Current Assets

-£1.4M

Working capital

Current Assets

£8.8M

Current Liabilities

£10.2M

Fixed Assets

£2.7M

Debtors

£6.8M

Operating Profit

£1.4M

Profit After Tax

£3.0M

44avg. employees

People Costs

Wages & salaries£3.3M
NI contributions£438k

Balance Sheet

Intangible assets£2
Bank loans & overdrafts£2.0M
Depreciation£808k
Assets less current liabilities£1.3M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
20230.86

Derived from filed accounts. Not audited figures.