RACING GREEN ENGINEERING LIMITED
Company number 04874814 · Monitor this company
Executive summary
Racing Green Engineering has built a credible and profitable niche in classic car restoration, evidenced by 20+ years of trading and £1.86M in accumulated retained earnings. However, the business operates with critically thin cash reserves against rising liabilities and an inventory-heavy model that creates concentration risk in an illiquid asset class. The immediate strategic priority must be strengthening working capital management—particularly accelerating debtor collection and introducing milestone-based billing—to convert demonstrated profitability into operational resilience.
Shareholders' funds
£1,763,876
Balance sheet as at 2022-12-31
What it does
The principal activity of the company is that of renovating classic cars.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2003-08-21
- Employees
- 18 (2025 accounts · was 19 in 2024)
- Registered office
- Ty Nant, 16a Cwmfelin Road Bynea, Llanelli, Dyfed, SA14 9LR
- Postcode
- SA14 9LR
- Capital
- 20,000 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-08-21
- Next due by
- 2027-09-04
Nature of business (SIC)
- 29100 Manufacture of motor vehicles
Officers 3 current · 2 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — ZB273479 (Tier 2), registered since 2021.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 16 CHURCHILL WAY, CARDIFF, CF10 2DX | 2003-10-23 |
Among its peers
Top 5%
by shareholders' funds, of 20 similar companies in SA
The largest employer among its local peers (18 staff).
The oldest of its local peers, trading since 2003.
Competitors Swansea
This company ranks 1 among manufacture of motor vehicles in Swansea.
The class of 2003
38%
of the 163,089 companies incorporated in 2003 are still active today; 59% have since been dissolved.
A fact about the year, not a forecast for this company.