MAHINDRA RACING UK LIMITED
Get an alert when MAHINDRA RACING UK LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.1M
-16% vs 2025
Net assets
-£1M
-382.7% vs 2025
Employees
62
-3.1% vs 2025
Profit before tax
-£1.4M
+33.1% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £14,963,502 | £17,591,699 | £25,224,047 | £29,133,957 | £30,875,927 | £23,154,619 | -25% | |
| Operating profit | -£1,774,649 | -£1,161,982 | £1,416,965 | £1,298,867 | -£2,010,114 | -£1,354,454 | +32.6% | |
| Profit before tax | -£1,791,522 | -£1,206,353 | £1,438,631 | £1,208,005 | -£2,094,392 | -£1,400,816 | +33.1% | |
| Net profit | -£734,956 | -£381,088 | £2,973,434 | £1,208,005 | -£2,094,392 | -£1,400,816 | +33.1% | |
| Cash | £3,141,915 | £899,964 | £1,979,236 | £611,238 | £1,307,065 | £1,098,172 | -16% | |
| Total assets less current liabilities | -£1,339,954 | -£1,721,042 | £1,252,392 | £2,820,397 | £906,005 | -£314,811 | -134.7% | |
| Net assets | -£1,339,954 | -£1,721,042 | £1,252,392 | £2,460,397 | £366,005 | -£1,034,811 | -382.7% | |
| Equity | -£1,339,954 | -£1,721,042 | £1,252,392 | £2,460,397 | £366,005 | -£1,034,811 | -382.7% | |
| Average employees | 37 | 38 | 44 | 56 | 64 | 62 | -3.1% | |
| Wages | £2,487,432 | £2,997,251 | £3,282,062 | £4,652,283 | £5,394,647 | £5,541,713 | +2.7% | |
| Directors' remuneration | £292,333 | £318,389 | £354,803 | £617,914 | £727,656 | £880,155 | +21% |
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -11.9% | -6.6% | 5.6% | 4.5% | -6.5% | -5.8% | |
| Net margin | -4.9% | -2.2% | 11.8% | 4.1% | -6.8% | -6.0% | |
| Return on capital employed | — | — | 113.1% | 46.1% | -221.9% | — | |
| Gearing (liabilities / total assets) | — | — | — | 80.9% | 96.6% | 114.5% | |
| Current ratio | — | — | — | 1.11x | 1.01x | 0.92x | |
| Interest cover | — | -26.01x | 23.50x | 9.45x | -13.09x | -12.03x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.”
Significant events
- “During the year, there were changes to the immediate parent company as part of a wider Mahindra Group restructuring between June 2025 and November 2025. From November 2025, the ownership structure reverted to its previous arrangement and, as at the year end, remained consistent with the prior year.”
- “Following a strategic review, the Company committed in November 2025 to participate as a manufacturer in the GEN4 era of the ABB FIA Formula E World Championship, commencing in the 2026/27 season.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERTRAND, Frederic | Director | 2023-01-31 | Jan 1975 | French |
| BOSE, Pratap Kishore | Director | 2025-11-13 | Aug 1974 | British |
| JOSHI, Chandrashekar | Director | 2014-05-30 | May 1965 | Indian |
| RAMASAMY, Velusamy | Director | 2025-11-13 | May 1972 | Indian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASNANI, Harshul Ramsingh | Director | 2024-07-24 | 2025-11-13 |
| BOPARAI, Gurpratap Singh | Director | 2022-07-28 | 2024-06-01 |
| BUCH, Dhaval | Director | 2021-01-15 | 2022-07-18 |
| GILL, Dilbagh Singh | Director | 2014-05-22 | 2022-09-15 |
| GOENKA, Pawan Kumar | Director | 2014-05-30 | 2021-04-02 |
| IRANI, Ruzbeh Baman | Director | 2014-05-22 | 2021-01-15 |
| KHARGA, Asha Parthasarathi | Director | 2021-04-02 | 2023-04-01 |
| LOBO, Gerard Richard | Director | 2025-06-10 | 2025-11-13 |
| MAINI, Chetan Kumar | Director | 2014-05-22 | 2020-04-28 |
| NAIR, Vikram Narayanan | Director | 2017-02-07 | 2024-06-24 |
| RAMASAMY, Velusamy | Director | 2023-04-01 | 2025-06-09 |
| SHUKLA, Shriprakash | Director | 2014-05-30 | 2020-04-28 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-02 | AA | accounts | Accounts with accounts type full | |
| 2026-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-31 | AA | accounts | Accounts with accounts type full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-14 | CH01 | officers | Change person director company with change date | |
| 2023-06-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.