Race Fx Limited

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race fx limited Company Information

Company Number

05226015

Next Accounts

Sep 2025

Directors

Terry Birtles

Peter Hakanson

Shareholders

race fx holdings limited

Group Structure

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Industry

Retail trade of motor vehicle parts and accessories

Registered Address

rfx house challenge way, greenbank technology park, blackburn, lancashire, BB1 5QB

Website

www.racefxb2b.com

race fx limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of RACE FX LIMITED at £1.8m based on a Turnover of £6.2m and 0.29x industry multiple (adjusted for size and gross margin).

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Race Fx Limited is a live company located in blackburn, BB1 5QB with a Companies House number of 05226015. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in September 2004, it's largest shareholder is race fx holdings limited with a 100% stake. Race Fx Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with low growth in recent years.

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Pomanda's financial health check has awarded Race Fx Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £6.2m, make it in line with the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.8%)

EXPORT

Race Fx Limited's latest turnover from December 2023 is estimated at £6.2 million and the company has net assets of -£1.9 million. According to their latest financial statements, Race Fx Limited has 28 employees and maintains cash reserves of £208.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	6,212,341	7,574,243	6,679,740	5,648,416	7,086,289	6,611,065	5,919,936	6,880,438	12,294,609	8,996,936	4,983,481	4,052,190	3,893,114	3,439,585
Other Income Or Grants
Cost Of Sales	4,547,414	5,554,108	4,682,472	3,948,643	4,610,979	4,414,322	3,929,552	4,530,811	8,260,277	6,158,298	3,309,650	2,635,147	2,543,216	2,291,751
Gross Profit	1,664,928	2,020,135	1,997,268	1,699,773	2,475,310	2,196,742	1,990,385	2,349,627	4,034,331	2,838,638	1,673,831	1,417,043	1,349,898	1,147,833
Admin Expenses	4,682,075	3,382,276	1,982,926	1,329,674	2,320,321	1,692,032	1,636,443	1,901,627	3,699,651	2,493,944	1,576,652	1,414,399	1,156,839	936,099	-362,797
Operating Profit	-3,017,147	-1,362,141	14,342	370,099	154,989	504,710	353,942	448,000	334,680	344,694	97,179	2,644	193,059	211,734	362,797
Interest Payable	2,573	1,085	9,375	22,936	30,883	28,121	42,201	44,845	14,780
Interest Receivable	10,874	8,499	565	90	36	20	6	1	12	30	63	199	180	64	39
Pre-Tax Profit	-3,008,846	-1,354,727	5,532	347,253	124,142	476,610	311,747	403,156	319,913	344,724	97,242	2,842	193,239	211,797	362,836
Tax			-1,051	-65,978	-23,587	-90,556	-59,232	-80,631	-63,982	-72,392	-22,366	-682	-50,242	-59,303	-101,594
Profit After Tax	-3,008,846	-1,354,727	4,481	281,275	100,555	386,054	252,515	322,525	255,930	272,332	74,876	2,160	142,997	152,494	261,242
Dividends Paid
Retained Profit	-3,008,846	-1,354,727	4,481	281,275	100,555	386,054	252,515	322,525	255,930	272,332	74,876	2,160	142,997	152,494	261,242
Employee Costs	864,800	952,172	816,541	777,517	943,482	769,627	743,659	776,336	2,041,085	1,311,183	872,196	695,598	617,745	591,110
Number Of Employees	28	33	30	29	36	30	32	32	82	53	37	30	27	26
EBITDA*	-2,961,538	-1,309,772	189,103	372,023	217,506	506,773	359,795	505,378	392,972	380,260	116,974	20,928	216,324	235,204	388,102

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	203,916	261,551	76,066	198,550	235,239	248,146	133,338	1,101,727	1,127,302	119,997	75,488	70,206	76,087	78,689	88,546
Intangible Assets	288,233	288,233
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	492,149	549,784	76,066	198,550	235,239	248,146	133,338	1,101,727	1,127,302	119,997	75,488	70,206	76,087	78,689	88,546
Stock & work in progress	2,869,669	4,089,565	3,050,804	2,356,947	3,118,948	2,909,661	2,327,002	2,312,872	1,549,769	1,270,649	919,647	875,348	793,964	700,706	449,271
Trade Debtors	428,679	547,439	656,969	783,206	770,550	721,342	543,186	448,653	1,055,989	759,085	416,240	358,752	343,767	293,194	287,441
Group Debtors	272,878		7,073				200,000
Misc Debtors	402,129	236,209	653,117	246,392	149,827	143,834	711,437	470,927
Cash	208,351	205,898	279,740	172,109	8,582	1,127	4,273	130	724	4,234	7,903	17,232	62,175	9,739	15,668
misc current assets
total current assets	4,181,706	5,079,111	4,647,703	3,558,654	4,047,907	3,775,964	3,785,898	3,232,582	2,606,482	2,033,968	1,343,790	1,251,332	1,199,906	1,003,639	752,380
total assets	4,673,855	5,628,895	4,723,769	3,757,204	4,283,146	4,024,110	3,919,236	4,334,309	3,733,784	2,153,965	1,419,278	1,321,538	1,275,993	1,082,328	840,926
Bank overdraft				70,833	451,998	463,059	370,146	340,948
Bank loan
Trade Creditors	652,267	841,312	1,439,140	373,410	1,314,765	1,086,771	1,309,272	1,424,781	1,629,470	1,144,704	691,209	657,527	654,255	599,661	538,036
Group/Directors Accounts	5,058,285	3,325,683	577,429	55,484	55,484	45,484
other short term finances
hp & lease commitments			20,565	21,865	63,547	30,528	22,440	24,614
other current liabilities	718,054	181,756	155,409	458,476	114,253	181,169	428,795	180,812
total current liabilities	6,428,606	4,348,751	2,192,543	980,068	2,000,047	1,807,011	2,130,653	1,971,155	1,629,470	1,144,704	691,209	657,527	654,255	599,661	538,036
loans	22,911	22,836		229,167				639,328	454,760
hp & lease commitments			21,690	29,279	54,391	85,408	42,381	41,515
Accruals and Deferred Income
other liabilities								186,356	472,808	98,460	85,825	101,668	57,815	61,931	31,948
provisions	76,375	102,499		13,635	4,928	8,466	9,031	11,299	14,615	4,600	8,375	3,350	7,090	6,900	9,600
total long term liabilities	99,286	125,335	21,690	272,081	59,319	93,874	51,412	878,498	942,183	103,060	94,200	105,018	64,905	68,831	41,548
total liabilities	6,527,892	4,474,086	2,214,233	1,252,149	2,059,366	1,900,885	2,182,065	2,849,653	2,571,653	1,247,764	785,409	762,545	719,160	668,492	579,584
net assets	-1,854,037	1,154,809	2,509,536	2,505,055	2,223,780	2,123,225	1,737,171	1,484,656	1,162,131	906,201	633,869	558,993	556,833	413,836	261,342
total shareholders funds	-1,854,037	1,154,809	2,509,536	2,505,055	2,223,780	2,123,225	1,737,171	1,484,656	1,162,131	906,201	633,869	558,993	556,833	413,836	261,342

	Dec 2023	Dec 2022	Dec 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-3,017,147	-1,362,141	14,342	370,099	154,989	504,710	353,942	448,000	334,680	344,694	97,179	2,644	193,059	211,734	362,797
Depreciation	55,609	52,369	174,761	1,924	62,517	2,063	5,853	57,378	58,292	35,566	19,795	18,284	23,265	23,470	25,305
Amortisation
Tax			-1,051	-65,978	-23,587	-90,556	-59,232	-80,631	-63,982	-72,392	-22,366	-682	-50,242	-59,303	-101,594
Stock	-1,219,896	1,038,761	693,857	-762,001	209,287	582,659	14,130	763,103	279,120	351,002	44,299	81,384	93,258	251,435	449,271
Debtors	320,038	-533,511	287,561	109,221	55,201	-589,447	535,043	-136,409	296,904	342,845	57,488	14,985	50,573	5,753	287,441
Creditors	-189,045	-597,828	1,065,730	-941,355	227,994	-222,501	-115,509	-204,689	484,766	453,495	33,682	3,272	54,594	61,625	538,036
Accruals and Deferred Income	536,298	26,347	-303,067	344,223	-66,916	-247,626	247,983	180,812
Deferred Taxes & Provisions	-26,124	102,499	-13,635	8,707	-3,538	-565	-2,268	-3,316	10,015	-3,775	5,025	-3,740	190	-2,700	9,600
Cash flow from operations	-1,740,551	-2,284,004	-44,338	370,400	86,971	-47,687	-118,404	-229,140	247,747	63,741	31,528	-76,591	77,035	-22,362	97,432
Investing Activities
capital expenditure	2,026	-526,087	-52,277	34,765	-49,610	-116,871	962,536	-31,803	-1,065,597	-80,075	-25,077	-12,403	-20,663	-13,613	-113,851
Change in Investments
cash flow from investments	2,026	-526,087	-52,277	34,765	-49,610	-116,871	962,536	-31,803	-1,065,597	-80,075	-25,077	-12,403	-20,663	-13,613	-113,851
Financing Activities
Bank loans
Group/Directors Accounts	1,732,602	2,748,254	521,945		10,000	45,484
Other Short Term Loans
Long term loans	75	22,836	-229,167	229,167			-639,328	184,568	454,760
Hire Purchase and Lease Commitments		-42,255	-8,889	-66,794	2,002	51,115	-1,308	66,129
other long term liabilities							-186,356	-286,452	374,348	12,635	-15,843	43,853	-4,116	29,983	31,948
share issue															100
interest	8,301	7,414	-8,810	-22,846	-30,847	-28,101	-42,195	-44,844	-14,768	30	63	199	180	64	39
cash flow from financing	1,740,978	2,736,249	275,079	139,527	-18,845	68,498	-869,187	-80,599	814,340	12,665	-15,780	44,052	-3,936	30,047	32,087
cash and cash equivalents
cash	2,453	-73,842	107,631	163,527	7,455	-3,146	4,143	-594	-3,510	-3,669	-9,329	-44,943	52,436	-5,929	15,668
overdraft			-70,833	-381,165	-11,061	92,913	29,198	340,948
change in cash	2,453	-73,842	178,464	544,692	18,516	-96,059	-25,055	-341,542	-3,510	-3,669	-9,329	-44,943	52,436	-5,929	15,668

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for race fx limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in BB1 area or any other competitors across 12 key performance metrics.

RACE FX LIMITED group structure

Race Fx Limited has no subsidiary companies.

Ultimate parent company

BIHR NV

#0138292

RACE FX HOLDINGS LIMITED

10637281

2 parents

RACE FX LIMITED

05226015

RACE FX LIMITED Shareholders

race fx holdings limited

100%

Race Fx Limited currently has 2 directors. The longest serving directors include Mr Terry Birtles (Mar 2021) and Mr Peter Hakanson (Oct 2023).

officer	country	age	start	end	role
Mr Terry Birtles	England	52 years	Mar 2021	-	Director
Mr Peter Hakanson	United Kingdom	62 years	Oct 2023	-	Director

P&L

December 2023

turnover

6.2m

-18%

operating profit

-3m

gross margin

26.9%

+0.48%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-1.9m

-2.61%

total assets

4.7m

-0.17%

cash

208.4k

+0.01%

net assets

Total assets minus all liabilities

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company number

05226015

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

September 2004

ultimate parent company

BIHR NV

previous names

N/A

address

rfx house challenge way, greenbank technology park, blackburn, lancashire, BB1 5QB

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 9 charges/mortgages relating to race fx limited. Currently there are 2 open charges and 7 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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race fx limited Company Information

race fx limited Estimated Valuation

race fx limited Estimated Valuation

race fx limited Estimated Valuation

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RACE FX LIMITED financials

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race fx limited Ownership

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