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First Race Limited

12805097

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

35 BALLARDS LANE, LONDON, N3 1XW
Incorporated 11/08/2020

Compliance

Last accounts

31/08/2025

micro entity

Next accounts due

31/05/2027

On track

Confirmation statement

Last: 10/08/2026

Due 24/08/2027

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Rajendrakumar Manibhai Patel

director · Since 11/08/2020

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 9 other boards

Mr Sanjay Kantilal Patel

director · Since 11/08/2020

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 6 other boards

Mr Sarju Kantilal Patel

director · Since 11/08/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 4 other boards

Persons with Significant Control

Mr Rajendrakumar Manibhai Patel

25–50% shares
25–50% votes

British · United Kingdom · Age 68

35, Ballards Lane, London, N3 1XW

Notified 11/08/2020

Mr Sarju Kantilal Patel

25–50% shares
25–50% votes

British · England · Age 60

35, Ballards Lane, London, N3 1XW

Notified 11/08/2020

Mr Sanjay Kantilal Patel

25–50% shares
25–50% votes

British · United Kingdom · Age 59

35, Ballards Lane, London, N3 1XW

Notified 11/08/2020

CompanyRankvs 90761+ SIC 68209 peers
55

Financial strength72th percentile among SIC peers · 18/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.03× · 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 strength18/25 pts

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

Employees14/15 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 31/08/2025

Net Worth

£49k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£398k

Working capital

Current Assets

£11k

Current Liabilities

£408k

Fixed Assets

£450k

3avg. employees

Director Loans(2023)

Company owes directors£452k

Balance Sheet

Assets less current liabilities£53k
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
20250.03+£16k
20240.12+£17k

Derived from filed accounts. Not audited figures.