RACELOGIC LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-11-22 (in 6mo)
Last made up 2025-11-08
Watchouts
Cash
£3M
+51% vs 2023
Net assets
£10M
+3.8% vs 2023
Employees
122
+5.2% vs 2023
Profit before tax
£3M
-42% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2024-09-30
| Metric | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £24,041,633 | £22,683,967 | |
| Operating profit | — | — | — | — | — | £5,322,906 | £3,083,829 | |
| Profit before tax | — | — | — | — | — | £5,327,135 | £3,091,093 | |
| Net profit | — | — | — | — | — | £4,537,046 | £2,717,511 | |
| Cash | — | — | — | — | — | £2,144,203 | £3,236,949 | |
| Total assets less current liabilities | — | — | — | — | — | £10,037,537 | £10,368,125 | |
| Net assets | — | — | — | — | — | £9,888,537 | £10,268,125 | |
| Equity | £6,553,562 | £6,819,918 | £5,759,056 | £6,556,351 | £7,946,059 | £9,888,537 | £10,268,125 | |
| Average employees | — | — | — | — | — | 116 | 122 | |
| Wages | — | — | — | — | — | £6,788,205 | £7,169,691 | |
| Directors' remuneration | — | — | — | — | — | £872,572 | £807,049 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-5.6%
£24,041,633 £22,683,967
-
Cash
+51%
£2,144,203 £3,236,949
-
Net assets
+3.8%
£9,888,537 £10,268,125
-
Employees
+5.2%
116 122
-
Operating profit
-42.1%
£5,322,906 £3,083,829
-
Profit before tax
-42%
£5,327,135 £3,091,093
-
Wages
+5.6%
£6,788,205 £7,169,691
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-09-30 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 22.1% | 13.6% | |
| Net margin | — | — | — | — | — | 18.9% | 12.0% | |
| Return on capital employed | — | — | — | — | — | 53.0% | 29.7% | |
| Current ratio | — | — | — | — | — | 6.26x | 4.91x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- The Rowleys Partnership Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- RACELOGIC LIMITED · parent
- Racelogic USA Corporation 100%
- Racelogic Gmbh 100%
Significant events
- “The year presented challenging market conditions which are reflected in our key financial indicators. Revenue decreased by 5.65% to £22.68 million (2023: £24.04 million), whilst gross profit fell by 7.64% to £14.62 million (2023: £15.83 million).”
- “We expanded our workforce to 122 employees (2023: 116), particularly strengthening our engineering and development teams to position ourselves for future growth.”
- “We successfully implemented a new cloud-based Enterprise Resource Planning and accounting system across all three offices. This has improved workflow and application integration as anticipated.”
- “Our commitment to innovation remains strong, with a large number of projects progressing during the year across our core technology areas. These projects demonstrate our continued investment in advancing the state-of-the-art in GNSS technology, inertial navigation and video data systems.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURSNALL, Kevin | Director | 2006-10-10 | Jan 1969 | British |
| JONES, Ian Michael | Director | 2012-04-27 | Apr 1969 | British |
| MACKIE, Graham Robert | Director | 2011-02-21 | Sep 1962 | British |
| PAPPS, Martin Christopher | Director | 2021-12-01 | Apr 1984 | British |
| SMITH, Christopher | Director | 1998-10-02 | Aug 1971 | British |
| THOMAS, Julian Andrew David | Director | 1992-09-01 | Jul 1968 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREWER, Suzanne | Nominee Secretary | 1992-08-28 | 1992-09-01 |
| MARSHALL, Melanie Jane | Secretary | 2002-12-04 | 2026-03-03 |
| THOMAS, Melanie | Secretary | 1992-09-01 | 2002-12-04 |
| BREWER, Kevin, Dr | Nominee Director | 1992-08-28 | 1992-09-01 |
| CLIFTON, Amanda Jane | Director | 2008-10-06 | 2026-03-03 |
| SPETH, Leander Manfred | Director | 2010-12-17 | 2016-11-04 |
| THUILLIER, Harry Fraser | Director | 2000-10-20 | 2026-03-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Julian Andrew David Thomas | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 148 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-02 | SH03 | capital | Capital return purchase own shares | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-28 | SH03 | capital | Capital return purchase own shares | |
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-03-20 | SH03 | capital | Capital return purchase own shares | |
| 2025-02-26 | SH03 | capital | Capital return purchase own shares | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-29 | SH03 | capital | Capital return purchase own shares | |
| 2024-04-30 | SH03 | capital | Capital return purchase own shares | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type group | |
| 2023-08-21 | SH03 | capital | Capital return purchase own shares | |
| 2023-03-29 | SH03 | capital | Capital return purchase own shares | |
| 2022-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-19 | AAMD | accounts | Accounts amended with accounts type group | |
| 2022-06-22 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 5
- Officers appointed
- 0
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.