Formula Cars Limited

ActiveNI028205 Private limited company
Incorporated
3 March 1994 (32 years)
Industry
Sale of used cars and light motor vehicles (45112)
Owned by
Damian Michael O'Hare
Accounts type
Unaudited abridged
Region
Northern Ireland
Address
53 Upper Dromore Road
Warrenpoint
Co. Down
BT34 3PN

Filing status

Accounts due
28 February 2027
Last accounts
31 May 2025
Conf. stmt due
17 March 2027
Last conf. stmt
3 March 2026

Officers

Not loaded yet. See them on Companies House

Ownership 2 active

People and entities with significant control, from the Companies House PSC register

Marina Agnes O'Hare
Individual · Notified 3 March 2017
Holds 25–50% of voting rights
Irish
Born October 1966 (60)
Damian Michael O'Hare
Individual · Notified 3 March 2017
Owns 25–50% of shares
Holds 25–50% of voting rights
Irish
Born March 1962 (64)

Financials

Balance sheet as at 31 May 2025 · unaudited abridged accounts

Net Assets
£1,640,574
Cash
£379,725
Employees
1
Debt Ratio
26%
Current Ratio
3.9x

Trend

Net Assets
£0 £500k £1.0M £1.5M £2.0M 2020 2021 2022 2023 2024 2025 £784,306 £1,400,927 £1,488,462 £1,433,427 £1,590,047 £1,640,574
Balance sheet detail
202520242023202220212020
Fixed Assets£25,574£19,766£22,319£23,924£24,650£7,499
Current Assets£2,178,773£1,935,794£1,734,038£2,007,855£2,015,816£1,419,841
Debtors£1,114,305£802,955£752,323£959,787£983,424£489,076
Cash£379,725£225,499£402,677£430,266£679,587£143
Creditors (< 1 year)£563,773£365,513£322,930£543,317£639,539£643,034
Net Current Assets£1,615,000£1,570,281£1,411,108£1,464,538£1,376,277£776,807
Net Assets£1,640,574£1,590,047£1,433,427£1,488,462£1,400,927£784,306
Shareholder Funds£1,640,574£1,590,047£1,433,427£1,488,462£1,400,927£784,306

Filings

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