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True Heroes Racing C.I.C.

12779615

active
Community Interest 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

54 ST. EDWARDS DRIVE, LINCOLN, LN2 2QR
Incorporated 30/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

93199
Other amusement and recreation activities

Officers

Mr Phillip Laurence Spencer

director · Since 30/07/2020

ROYAL NAVY

BRITISH · ENGLAND · Age 52

Mrs Lisette Alexandra Taylor

director · Since 31/07/2020

ACCOUNT MANAGER

BRITISH · ENGLAND · Age 44

Mr David Mackay

director · Since 01/08/2024

MACHINE FITTER

BRITISH · ENGLAND · Age 52

Mr Ian David Dagley

director · Since 09/09/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 2 other boards

Mr Michael Peter Shorer

director · Since 09/09/2024

JEWELLER

BRITISH · ENGLAND · Age 68

Also on 1 other board

Mr Nicholas Farrow

director · Since 10/10/2024

DESIGNER

BRITISH · ENGLAND · Age 70

Also on 2 other boards

Mr Alan John Garrett

director · Since 11/11/2024

SALES MANAGER

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Mr Phillip Laurence Spencer

Appoint directors

British · England · Age 52

54, St. Edwards Drive, Lincoln, LN2 2QR

Notified 19/05/2024

Mrs Lisette Alexandra Taylor

Appoint directors

British · England · Age 44

54, St. Edwards Drive, Lincoln, LN2 2QR

Notified 19/05/2024

CompanyRankvs 18982+ SIC 93199 peers
27

Financial strength7th percentile among SIC peers · 2/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 pts

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

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

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

Longevity6/15 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 31/12/2022

Net Worth

-£32k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£41k

Working capital

Current Assets

£39k

Current Liabilities

£79k

Fixed Assets

£9k

0avg. employees

Balance Sheet

Assets less current liabilities-£32k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20220.49-£30k
20210.94

Derived from filed accounts. Not audited figures.