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First Race Limited

12805097

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

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 99935+ SIC 68209 peers
54

Financial strength69th percentile among SIC peers · 17/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.12× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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99935First Race Limited
53
How is this score calculated?
Financial strength17/25 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 31/08/2024

Net Worth

£34k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£413k

Working capital

Current Assets

£55k

Current Liabilities

£468k

Fixed Assets

£450k

3avg. employees

Director Loans(2023)

Company owes directors£452k

Balance Sheet

Assets less current liabilities£37k
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
20240.12+£17k
2023—+£14k
2022—+£6k
20210.02—

Derived from filed accounts. Not audited figures.