RACE-TEC SEALING LIMITED
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Cash
—
Latest balance sheet
Net assets
£363K
-41.4% vs 2023
Employees
15
-6.3% vs 2023
Profit before tax
-£338K
-2,700% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,807,000 | £1,362,000 | -24.6% | |
| Operating profit | -£15,000 | -£342,000 | -2,180% | |
| Profit before tax | £13,000 | -£338,000 | -2,700% | |
| Net profit | £8,000 | -£256,000 | -3,300% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £635,000 | £371,000 | -41.6% | |
| Net assets | £619,000 | £363,000 | -41.4% | |
| Equity | £619,000 | £363,000 | -41.4% | |
| Average employees | 16 | 15 | -6.3% | |
| Wages | £735,000 | £622,000 | -15.4% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -0.8% | -25.1% | |
| Net margin | 0.4% | -18.8% | |
| Return on capital employed | -2.4% | -92.2% | |
| Current ratio | 3.75x | 1.68x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- RACE-TEC SEALING LIMITED 2009-04-06 → present
- RACE-TEC NAK LIMITED 2009-02-02 → 2009-04-06
- RACE-TEC SEALING LIMITED 2009-01-20 → 2009-02-02
- RACE-TEC NAK LIMITED 1996-10-11 → 2009-01-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the Company's forecasts and projections and the consideration of the availability of the cash pooling as disclosed in note 14, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore, continues to adopt the going concern basis in preparing its financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELCOCK, Ian | Secretary | 2020-04-24 | — | — |
| ASHLEY, Julian Andrew Russell | Director | 2023-11-01 | Jun 1971 | British |
| DAVIES, Neil | Director | 2019-12-18 | Jul 1982 | British |
| LOENHOLDT, Thomas Hebo | Director | 2024-01-11 | Nov 1968 | Danish |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEEDLE, Samantha Laura | Secretary | 2019-09-06 | 2020-06-09 |
| WORLEY, Michael James | Secretary | 2018-07-24 | 2019-06-14 |
| WORLEY, Richard John | Secretary | 1996-10-11 | 2018-07-24 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-10-11 | 1996-10-11 |
| ANGST, Troy Andrew | Director | 2019-06-14 | 2019-12-18 |
| BERGENHOLTZE, Kent Helmer | Director | 2019-12-18 | 2023-10-31 |
| BRAIN, Paul Jefferson | Director | 2003-06-03 | 2019-06-14 |
| DOEL, Michael James | Director | 2005-01-04 | 2019-06-14 |
| GREGORY, Christopher Clive Gort | Director | 1996-10-11 | 2004-06-30 |
| HAUGSTED, Bo | Director | 2019-12-18 | 2023-10-31 |
| MORTENSEN, Jens Engelbrecht | Director | 2023-11-01 | 2024-01-11 |
| PILLION, Marcus | Director | 2019-06-14 | 2019-12-18 |
| RICE, John | Director | 1999-05-10 | 2003-06-03 |
| SHEK, Joseph | Director | 1996-10-11 | 2004-01-31 |
| WALTERS, Ian James | Director | 2005-01-04 | 2019-06-14 |
| WORLEY, James Christopher | Director | 2005-07-12 | 2019-06-14 |
| WORLEY, Michael James | Director | 1996-10-11 | 2019-06-14 |
| WORLEY, Richard John | Director | 1999-07-20 | 2018-07-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trelleborg Holdings Uk Limited | Corporate entity | Shares 75–100% | 2023-07-20 | Active |
| Blue Diamond Technologies Limited | Corporate entity | Shares 75–100% | 2016-10-10 | Ceased 2023-07-20 |
Filing timeline
Last 20 of 127 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-06-08 RESOLUTIONS Resolution
- 2021-06-08 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-09 | AA | accounts | Accounts with accounts type full | |
| 2022-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-22 | AA | accounts | Accounts with accounts type full | |
| 2021-06-08 | RESOLUTIONS | resolution | Resolution | |
| 2021-06-08 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.