24-7 Motorsport Limited
11614049
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 10/10/2018
TEAM MANAGER
BRITISH · UNITED KINGDOM · Age 44
Persons with Significant Control
Mr Phillip David Robert Hurn
British · United Kingdom · Age 44
Unit 5 Oaks Farm, Besthorpe Road, Norwich, NR16 1NF
Notified 10/10/2018
Mr Chris Griffin
British · England · Age 56
Unit 5 Oaks Farm, Besthorpe Road, Norwich, NR16 1NF
Notified 27/11/2018
CompanyRankvs 3164+ SIC 93199 peers74
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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 31/10/2024
Net Worth
£70k
Balance sheet strength
Cash
£25k
Cash in the bank
Net Current Assets
£58k
Working capital
Current Assets
£120k
Current Liabilities
£62k
Fixed Assets
£16k
Debtors
£19k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 1.94 | +£8k | £282k |
| 2023 | 1.69 | -£4k | £385k |
| 2022 | 3.36 | +£25k | £299k |
| 2021 | 2.33 | +£30k | £348k |
| 2020 | 3.18 | -£40k | £123k |
| 2019 | 3.74 | — | — |
Derived from filed accounts. Not audited figures.