Xite Racing Ltd
13093742
Some Concerns
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/12/2020
COMMERCIAL DIRECTOR
BRITISH · ENGLAND · Age 33
Also on 29 other boards
Persons with Significant Control
Xite Energy Ltd
The, Carlson Suite, Building 8,, Mitchldean, GL17 0DD
Reg: 10630746 · Uk Register Of Companies · Private Company Limited By Shares
Notified 21/12/2020
CompanyRankvs 41731+ SIC 45200 peers21
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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 31/03/2025
Net Worth
-£196k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£196k
Working capital
Current Assets
—
Current Liabilities
£299k
Fixed Assets
£49k
Debtors
£103k
Tax at Year End(2023)
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | +£32k |
| 2024 | — | -£1k |
| 2023 | 0.82 | — |
| 2022 | 1.01 | — |
Derived from filed accounts. Not audited figures.