INIT RACING LTD
Company number 13364637 · Active · Towcester NN12 7LS
INIT RACING LTD is an active private limited company (company number 13364637) incorporated on 28 April 2021, registered in Towcester. Its registered activity is manufacture of motor vehicles (SIC 29100). Latest small accounts cover the period ending 31 October 2025, showing net assets of £9,937 and cash of £68k, with 3 employees on average. Net assets rose 2% on the prior period (£9,770).
By net assets it sits in the top quarter of 706 comparable companies in the UK (median £100, upper quartile £9,037).
Key dates
- Incorporated
- 28 April 2021
- Next accounts due
- 31 July 2027 — in 282 days
- Confirmation statement due
- 12 May 2027 — in 202 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 29100
- Manufacture of motor vehicles
- Accounts type
- Total Exemption Full
- Size band
- Micro (Companies Act thresholds)
Financials — 2 periods on record, latest ending 31 October 2025
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 October 2025 | £9,937 | £68k | £57k | — | — | — | 3 |
| 31 October 2024 | £9,770 | £99k | £22k | — | — | — | 3 |
- Cash per employee
- £23k
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
Firmoscan score: 72/100 (grade B)
- +10 Positive net assets — Net assets £9,937 at 2025-10-31
- +4 Cash reserves — Cash £67,626
- +8 Established — Incorporated 2021-04-28 (5 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Init Racing Group Limited (corporate entity, England) — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors · since 13 August 2026
- Mr Chris Gilbert — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors · since 28 April 2021 · ceased 1 November 2022
- Chris Gilbert Services Limited (corporate entity, England) — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors · since 1 November 2022 · ceased 13 August 2026
- Mr Anthony Whitehead — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors · since 1 November 2022 · ceased 13 August 2026
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in Northampton
Same activity (manufacture of motor vehicles), closest in incorporation date.
- TANSO DESIGN LTD — Brackley, inc. May 2021
- FACEL VEGA LIMITED — Northampton, inc. Dec 2021
- BDS MOTORSPORT LIMITED — Northampton, inc. Mar 2020
- KISS E-MOTION LTD — Northampton, inc. Oct 2022
- FOTW COMPOSITES LTD — Brackley, inc. Oct 2022
- ELECKIT CAR COMPANY LIMITED — Northampton, inc. Mar 2023
All companies incorporated on 28 April 2021 · in Apr 2021.
Reminders for INIT RACING LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.