188 Racing Limited
13858037
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 19/05/2022
DIRECTOR
BRITISH · UNITED KINGDOM · Age 41
Also on 11 other boards
Persons with Significant Control
Mr Nicholas Stephen Payne
British · United Kingdom · Age 41
Leytonstone House, 3 Hanbury Drive, Leytonstone, E11 1GA
Notified 19/05/2022
Former PSCs
Miss Victoria Cline
Ceased 19/05/2022
CompanyRankvs 1605+ SIC 01629 peers34
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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 31/01/2025
Net Worth
-£62k
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£200k
Working capital
Current Assets
£364k
Current Liabilities
£565k
Fixed Assets
£138k
Debtors
£311k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.65 | -£50k |
| 2024 | 0.40 | +£4k |
| 2023 | 0.17 | — |
Derived from filed accounts. Not audited figures.