Company Overview
Fastec Racing Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 08 February 2012, so this is a well established company. Fastec Racing Limited has been in business for 14 years and 2 months. The accounts status is micro entity and the accounts are next due on Monday 30 November 2026.
Registered Address

Unit 9 Studlands Business Centre, Studlands Park Avenue, Newmarket, Suffolk, CB8 7SS
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Companies House Data
Company NameFASTEC RACING LIMITED
Company Number07940896
Registered Office AddressUnit 9 Studlands Business Centre
 Studlands Park Avenue
 CB8 7SS
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date08/02/2012
Accounting Reference Date Day29
Accounting Reference Date Month2
Accounts Next Due Date30/11/2026
Accounts Last Made Up Date28/02/2025
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date08/03/2017
Returns Last Made Up Date08/02/2016
Directors & Members
Daniel Starmer - Director
(British, 59 years old, born June 1967)
Appointed 08 February 2012
 Active
John Williams - Director
(British, 60 years old, born August 1966)
Appointed 08 February 2012
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Daniel Starmer
FASTEC CUSTOM LIMITED
FASTEC CUSTOM RACING LIMITED
FASTEC ENGINEERING SERVICES LTD.
John Williams
FASTEC CUSTOM LIMITED
FASTEC CUSTOM RACING LIMITED
FASTEC ENGINEERING SERVICES LTD.
Balance Sheet Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2022 28-Feb-2021
Balance Sheet
Fixed Assets 242,143 242,143 254,763
Current Assets 104,039 104,039 122,629
Creditors Due Within One Year 119,298 119,298 84,793
Working Cap -15,259 -15,259 37,836
Total Assets Less Current Liabilities 226,884 226,884 292,599
Long-term Liabilities 209,842 209,842 248,512
Net Assets 17,042 17,042 44,087
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 17,042 17,042 44,087
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2022 28-Feb-2021
Tangible Fixed Assets - - -
Fixed Assets 69.9% 69.9% 67.5%
Stocks Inventory - - -
Debtors 8.8% 8.8% 10.9%
Cash Bank In Hand 7.2% 7.2% 2.8%
Current Assets 30.1% 30.1% 32.5%
Creditors Due Within One Year 34.5% 34.5% 22.5%
Net Current Assets Liabilities -4.4% -4.4% 10.0%
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 4.9% 4.9% 11.7%
Capital Employed - - -
Total Assets Less Current Liabilities 65.5% 65.5% 77.5%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2022 28-Feb-2021
Liquidity Ratio 0.9 0.9 1.4
Solvency Ratio 1.1 1.1 1.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2022 28-Feb-2021
Assets 346,182 346,182 377,392
Debt 329,140 329,140 333,305
Net Assets/Debt 17,042 17,042 44,087

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.

As at the balance sheet date short term liquid assets were less than current debt. 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. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over 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.As at the balance sheet date short term liquid assets were less than current debt. 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. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over 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.As at the balance sheet date short term liquid assets were less than current debt. 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. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over 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
Other Business around CB8 7SS
FASTEC ENGINEERING SERVICES LTD.
UNIT 8 STUDLANDS BUSINESS CENTRE, STUDLANDS PARK AVENUE, NEWMARKET, SUFFOLK, CB8 7SS
NEWMARKET DECORATORS LIMITED
UNIT 5 STUDLANDS BUSINESS CENTRE, STUDLANDS PARK AVENUE, NEWMARKET, SUFFOLK, CB8 7SS
FASTEC CUSTOM LIMITED
Unit 9 Studlands Business Centre, Studlands Park Avenue, Newmarket, Suffolk, CB8 7SS
FASTEC CUSTOM RACING LIMITED
Unit 9 Studlands Business Centre, Studlands Park Avenue, Newmarket, Suffolk, CB8 7SS
Document Filings
Confirmation statement made on 8 February 2026 with no updates
Confirmation statement made on 8 February 2025 with no updates
Previous accounting period extended from 27 February 2024 to 29 February 2024
Confirmation statement made on 8 February 2024 with updates
Satisfaction of charge 079408960002 in full
Satisfaction of charge 079408960001 in full
Previous accounting period shortened from 28 February 2023 to 27 February 2023
Director's details changed for Mr John Eward Grant Williams on 24 February 2023
Confirmation statement made on 8 February 2023 with updates
Confirmation statement made on 8 February 2022 with updates
Confirmation statement made on 8 February 2021 with no updates
Confirmation statement made on 8 February 2020 with no updates
Confirmation statement made on 8 February 2019 with no updates
Registration of charge 079408960002, created on 15 March 2018
Registration of charge 079408960001, created on 15 March 2018
Confirmation statement made on 8 February 2018 with no updates
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