the race team limited
the race team limited Company Information
Company Number
11006598
Next Accounts
Jul 2025
Directors
Shareholders
anthony paul christopher williams
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Website
mcmm.co.ukthe race team limited Estimated Valuation
Pomanda estimates the enterprise value of THE RACE TEAM LIMITED at £766 based on a Turnover of £1.4k and 0.54x industry multiple (adjusted for size and gross margin).
the race team limited Estimated Valuation
Pomanda estimates the enterprise value of THE RACE TEAM LIMITED at £0 based on an EBITDA of £-1.7k and a 3.17x industry multiple (adjusted for size and gross margin).
the race team limited Estimated Valuation
Pomanda estimates the enterprise value of THE RACE TEAM LIMITED at £2.8k based on Net Assets of £1.2k and 2.27x industry multiple (adjusted for liquidity).
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The Race Team Limited Overview
The Race Team Limited is a live company located in woodford green, IG8 8HD with a Companies House number of 11006598. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2017, it's largest shareholder is anthony paul christopher williams with a 100% stake. The Race Team Limited is a young, micro sized company, Pomanda has estimated its turnover at £1.4k with healthy growth in recent years.
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The Race Team Limited Health Check
Pomanda's financial health check has awarded The Race Team Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £1.4k, make it smaller than the average company (£908.8k)
- The Race Team Limited
£908.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.6%)
- The Race Team Limited
6.6% - Industry AVG
Production
with a gross margin of 20.5%, this company has a higher cost of product (40.9%)
- The Race Team Limited
40.9% - Industry AVG
Profitability
an operating margin of -117.9% make it less profitable than the average company (6.5%)
- The Race Team Limited
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- The Race Team Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
- The Race Team Limited
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.4k, this is less efficient (£88.9k)
- The Race Team Limited
£88.9k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (29 days)
- The Race Team Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 386 days, this is slower than average (39 days)
- The Race Team Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Race Team Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 102 weeks, this is more cash available to meet short term requirements (46 weeks)
102 weeks - The Race Team Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.7%, this is a higher level of debt than the average (44.7%)
49.7% - The Race Team Limited
44.7% - Industry AVG
THE RACE TEAM LIMITED financials
The Race Team Limited's latest turnover from October 2023 is estimated at £1.4 thousand and the company has net assets of £1.2 thousand. According to their latest financial statements, we estimate that The Race Team Limited has 1 employee and maintains cash reserves of £2.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 96,107 | 0 |
| Trade Debtors | 53 | 170 | 194 | 41 | 26 | 40 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,363 | 4,163 | 79,768 | 80,945 | 240 | 99,371 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,416 | 4,333 | 79,962 | 80,986 | 96,373 | 99,411 |
| total assets | 2,416 | 4,333 | 79,962 | 80,986 | 96,373 | 99,411 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,200 | 1,610 | 1,075 | 1,000 | 948 | 600 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,200 | 1,610 | 1,075 | 1,000 | 948 | 600 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,200 | 1,610 | 1,075 | 1,000 | 948 | 600 |
| net assets | 1,216 | 2,723 | 78,887 | 79,986 | 95,425 | 98,811 |
| total shareholders funds | 1,216 | 2,723 | 78,887 | 79,986 | 95,425 | 98,811 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | -96,107 | 96,107 | 0 |
| Debtors | -117 | -24 | 153 | 15 | -14 | 40 |
| Creditors | -410 | 535 | 75 | 52 | 348 | 600 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -1,800 | -75,605 | -1,177 | 80,705 | -99,131 | 99,371 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,800 | -75,605 | -1,177 | 80,705 | -99,131 | 99,371 |
the race team limited Credit Report and Business Information
The Race Team Limited Competitor Analysis
Perform a competitor analysis for the race team limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in IG8 area or any other competitors across 12 key performance metrics.
the race team limited Ownership
THE RACE TEAM LIMITED group structure
The Race Team Limited has no subsidiary companies.
Ultimate parent company
THE RACE TEAM LIMITED
11006598
the race team limited directors
The Race Team Limited currently has 1 director, Mr Antony Williams serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Williams | United Kingdom | 52 years | Oct 2017 | - | Director |
P&L
October 2023turnover
1.4k
-23%
operating profit
-1.7k
0%
gross margin
20.5%
+8.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
1.2k
-0.55%
total assets
2.4k
-0.44%
cash
2.4k
-0.43%
net assets
Total assets minus all liabilities
Similar Companies
the race team limited company details
company number
11006598
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
October 2023
previous names
N/A
accountant
RAFFINGERS LLP
auditor
-
address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Bank
-
Legal Advisor
-
the race team limited Charges & Mortgages
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 did not find charges/mortgages relating to the race team limited.
the race team limited Capital Raised & Share Issues BETA
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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the race team limited Companies House Filings - See Documents
| date | description | view/download |
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