188 RACING LIMITED
- 82920Packaging activities
- 93199Other sports activities
- 93290Other amusement and recreation activities n.e.c.
Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Corporate timeline (13 events)Click to expand
- 2025-11-10✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-04➖CLINE, Victoria resigneddirector
- 2023-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-06-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-06-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-19➕PAYNE, Nicholas Stephen appointeddirector
- 2022-01-19🏢Company incorporatedAs 188 RACING LIMITED
- 2022-01-19➕CLINE, Victoria appointeddirector
- 2022-01-19📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-11-10: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nicholas Stephen Payne Individual · British · DOB 12/1984 · age 42 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/05/2022 |
1 historic (ceased) PSC
- Miss Victoria Clineceased 19/05/2022· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (1 active · 1 resigned)
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