Company Overview
Racecorp Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 10 October 2000, so this is a well established company. Racecorp Limited has been in business for 25 years and 5 months. The accounts status is total exemption full and the accounts are next due on Friday 31 July 2026.
Registered Address

Unit 1, 40-48 Bromells Road, London, SW4 0BG
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Companies House Data
Company NameRACECORP LIMITED
Company Number04087247
Registered Office AddressUnit 1, 40-48 Bromells Road
 SW4 0BG
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date10/10/2000
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date07/11/2016
Returns Last Made Up Date10/10/2015
Directors & Members
Show Resigned
Sami Wasif - Director
(British, 79 years old, born March 1947)
Appointed 26 May 2001
 Active
Heidi Wasif - Director
(British, 48 years old, born August 1978)
Appointed 21 October 2011
 Active
Charmaine Wasif - Director
(British, 47 years old, born November 1979)
Appointed 13 August 2025
 Active
Secretaries
Show Resigned
Other Company Directorships
Sami Wasif
ABSOLUTELY BALADI LIMITED
ABSOLUTELY STARVING LTD.
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Heidi Wasif
EASTSIDE STORY LIMITED
ECO INVESTMENT & LEISURE GROUP LIMITED
ECO RESTAURANTS & INVESTMENT GROUP LIMITED
ECO WEST END LIMITED
SPIRALBUILD LIMITED
Charmaine Wasif
1993 ECO HOLDING LTD
ECO CHEAM LTD
ECO REAL ESTATE MANAGEMENT LTD
ECO RIVERSIDE LTD
ST MARY'S INVESTMENT PROPERTIES LTD
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 6,298,772 6,298,772 6,315,030
Current Assets 204,553 204,553 118,985
Creditors Due Within One Year 622,376 622,376 478,204
Working Cap -417,823 -417,823 -359,219
Total Assets Less Current Liabilities 5,880,949 5,880,949 5,955,811
Long-term Liabilities 2,948,885 2,948,885 3,023,747
Net Assets 2,932,064 2,932,064 2,932,064
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2,932,064 2,932,064 2,932,064
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 96.9% 96.9% 98.2%
Stocks Inventory - - -
Debtors 1.5% 1.5% 1.5%
Cash Bank In Hand 1.6% 1.6% 0.4%
Current Assets 3.1% 3.1% 1.8%
Creditors Due Within One Year 9.6% 9.6% 7.4%
Net Current Assets Liabilities -6.4% -6.4% -5.6%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 45.1% 45.1% 45.6%
Capital Employed - - -
Total Assets Less Current Liabilities 90.4% 90.4% 92.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 0.3 0.3 0.2
Solvency Ratio 1.8 1.8 1.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 15
Mortgages Outstanding 5
Mortgages Part Satisfied 0
Mortgages Satisfied 10
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 6,503,325 6,503,325 6,434,015
Debt 3,571,261 3,571,261 3,501,951
Net Assets/Debt 2,932,064 2,932,064 2,932,064

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Satisfaction of charge 040872470011 in full
Satisfaction of charge 040872470012 in full
Satisfaction of charge 040872470013 in full
Satisfaction of charge 040872470014 in full
Resolutions
Memorandum and Articles of Association
Registration of charge 040872470015, created on 13 October 2025
Resolutions
Confirmation statement made on 10 October 2025 with no updates
Appointment of Ms Charmaine Sharon Wasif as a director on 13 August 2025
Satisfaction of charge 7 in full
Termination of appointment of Charmaine Wasif as a director on 24 February 2025
Confirmation statement made on 10 October 2024 with no updates
Termination of appointment of Laura Wasif as a director on 20 July 2024
Termination of appointment of Laura Wasif as a secretary on 20 July 2024
Confirmation statement made on 10 October 2023 with no updates
Amended total exemption full accounts made up to 31 October 2022
Satisfaction of charge 040872470009 in full
Satisfaction of charge 040872470010 in full
Satisfaction of charge 040872470008 in full
Registration of charge 040872470011, created on 22 December 2022
Registration of charge 040872470012, created on 22 December 2022
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