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Cool Running Motorsports Limited

09997134

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

BROAD HOUSE, OLD HATFIELD, AL9 5BG
Incorporated 10/02/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

93120
Activities of sport clubs

Officers

Mrs Karen Rebecca Cairns

director · Since 13/11/2023

DIRECTOR

BRITISH · ENGLAND · Age 59

Mr Paul Cairns

director · Since 13/11/2023

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 1 other board

Persons with Significant Control

Cairns Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Broad House, 1 The Broadway, Hatfield, AL9 5BG

Reg: 09085888 · England & Wales · Limited Company

Notified 13/11/2023

Former PSCs

Cheryl Chapman

Ceased 17/11/2017

Keith Chapman

Ceased 17/11/2017

Mr Damien Bates

Ceased 13/11/2023

CompanyRankvs 5640+ SIC 93120 peers
41

Financial strength3th percentile among SIC peers · 1/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees9/15 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.

Longevity10/15 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.

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

Key FinancialsYear ending 31/05/2024

Net Worth

-£152k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£17k

Working capital

Current Assets

£75k

Current Liabilities

£92k

Fixed Assets

£9k

2avg. employees+2

Balance Sheet

Assets less current liabilities-£8k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.81+£146k
2023-£113k
2022-£50k
2021+£17k
2020-£31k

Derived from filed accounts. Not audited figures.