116 Racing Ltd
11630418
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Mark Bate
British · United Kingdom · Age 54
196, Huddersfield Road, Stalybridge, SK15 3DL
Notified 18/10/2018
Former PSCs
Derek Gardiner
Ceased 25/08/2019
CompanyRankvs 15636+ SIC 93199 peers38
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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 31/10/2023
Net Worth
-£9k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£17k
Working capital
Current Assets
£23k
Current Liabilities
£39k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.58 |
Derived from filed accounts. Not audited figures.