# PROPULSION RACING LTD (15479000)

> PROPULSION RACING LTD is an active private limited company (company number 15479000) incorporated on 10 February 2024, registered in York. Its registered activity is activities of racehorse owners (SIC 93191). Latest small accounts cover the period ending 28 February 2025, showing net assets of −£16k and cash of −£35, with 0 employees on average.

- Status: Active
- Incorporated: 2024-02-10
- Registered office: York, YO23 1DQ
- SIC 93191: Activities of racehorse owners
- Next accounts due: 2026-11-28
- Confirmation statement due: 2027-02-24
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the lower half of 89 comparable companies in Other (median £1, upper quartile £18k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-02-28 | −£16k | −£35 | — | £33k | — | — | 0 |

current ratio 0; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-15,790 at 28 February 2025
- Current assets below creditors within one year: Current ratio -0.0
- Incorporated two to five years ago: Incorporated 10 February 2024

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Nicholas David Sowerby — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2024-02-10

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/15479000
HTML: https://firmoscan.com/company/15479000-propulsion-racing-ltd