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Propulsion Racing Ltd

15479000

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

THE CONCIERGE CONCIERGE, YORK, YO23 1DQ
Incorporated 10/02/2024

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 29/01/2026

Due 12/02/2027

On track

Industry

93191
Activities of racehorse owners

Officers

Mr Nicholas David Sowerby

director · Since 10/02/2024

CAMERA OPERATOR

ENGLISH · ENGLAND · Age 27

Also on 2 other boards

Persons with Significant Control

Mr Nicholas David Sowerby

25–50% shares
25–50% votes
Appoint directors

English · England · Age 27

The Concierge, Concierge, York, YO23 1DQ

Notified 10/02/2024

Former PSCs

Mr Daniel Anthony Beedle

Ceased 14/01/2025

CompanyRankvs 475+ SIC 93191 peers
26

Financial strength26th percentile among SIC peers · 7/25
Employees16th percentile among SIC peers · 2/15
LiquidityNo balance sheet data · 0/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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475Propulsion Racing Ltd
26
How is this score calculated?
Financial strength7/25 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.

Liquidity0/20 pts

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

Longevity2/15 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 28/02/2025

Net Worth

-£16k

Balance sheet strength

Cash

-£35

Cash in the bank

Net Current Assets

-£33k

Working capital

Current Assets

—

Current Liabilities

£33k

Fixed Assets

£63k

0avg. employees
Prepared with v2025.71.1 limited_company_frs_102_section_1a_v1_1_3 companies_house