The Racing Partnership Limited
09909653
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 09/12/2015
director · Since 21/12/2015
DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 4 other boards
director · Since 28/02/2022
ACCOUNTANT
BRITISH · ENGLAND · Age 52
Also on 2 other boards
Persons with Significant Control
Arena Racing Corporation Limited
4th Floor, Millbank Tower, London, SW1P 4QP
Reg: 07997040 · Companies House · Limited By Shares
Notified 06/04/2016
CompanyRankvs 10272+ SIC 59112 peers37
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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
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£61.4M
Annual revenue
Net Worth
-£2.3M
Balance sheet strength
Cash
£2.9M
Cash in the bank
Profit Before Tax
-£200k
Bottom line earnings
Net Current Assets
-£2.7M
Working capital
Current Assets
£37.8M
Current Liabilities
£40.5M
Fixed Assets
£376k
Debtors
£34.9M
Cost of Sales
£60.6M
Gross Profit
£789k
Admin Expenses
£989k
Operating Profit
-£200k
Profit After Tax
-£242k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.93 |
Derived from filed accounts. Not audited figures.