Principle Racing LTD

ActiveLive

No. 13539098/Inc. 30 Jul 2021/SIC 93191 · Sports & recreation/ Cardiff, Wales

Sports & recreation

Principle Racing LTD is an active private limited company incorporated on 30 Jul 2021 (5 years ago), with its registered office in Cardiff, Wales. The company operates in Arts & recreation.

Scored for

Scoring, signals and actions re-weight

Other — not listedThis session

In shortfor any sellerA long-standing arts & recreation business in Wales, in a market growing 3.8% a year and tracking below the national rate here.Read the full summary

Lens · General opportunity|Confidence high

The score, the reasons behind it, and what to do next.

Opportunity scoreConfidence high

51out of 100

Early but active

A live business, still light on evidence

LowModerateStrong

Weakest point · what to do about it

Reachability · 20% weight

A registered office is on file; phone and web are checked on Pro.

→ Check: search the name and town before you call.

What we checked · weightSelect a row for why

Arts & recreation formations up 3.8% a year nationally.

→ Ask: is trade up for them this year?

Companies House · ONS · Nomis · General opportunity model · 100% of the model measurable

Filed accounts · enrichment

Financials

accounts accounts

No machine-readable accounts to parse yet. New companies often haven’t filed, and some file PDF-only or dormant accounts.

Company briefFor General opportunity

A long-standing arts & recreation business in Wales, in a market growing 3.8% a year and tracking below the national rate here. Every signal in the model was measurable for this company.

Market opportunity

Sector up 3.8% nationally, +3.5% in Wales.

Reachability

A registered office is on file; phone and web are checked on Pro.

Competitive risk

6,061 comparable companies in Wales; five-year survival across the sector is 33.2%.

Interpretation, not advice

Key factsRegister & sector

Industry growth+3.8%More demand each year

Annual filingOverdueRisk of a strike-off notice

Company age5 yrsPast the riskiest first five years

Local competitionVery highMany rivals nearby

How it compares · against 6,061 similar companiesEach box is an index, 0–100 · select one

CompetitionRead this one the other way round: a high number means a crowded market, where differentiation matters more than timing.

What to do nextFor any seller

Step 1Keep this company on the radarYou'll hear when it files or its status changes.Add to a watchlist Step 2See how Wales comparesRegional growth and density put this company in context.Open the market Step 3Build a list from 6,061 comparable companiesSame industry, same region.Open the sector

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Answers: Is this a live, reachable business in a market worth being in?

Commercial fitModerate

51/100

StatusActive

Age5 yrs

Sector growth+3.8%

Regional densityVery high

A balanced read. Pick the lens that matches what you sell and every number on this page re-weights.

Companies House · ONS

Filing statusOverdue

1,100days overdue

First accounts were due 27 Oct 2023 and are not on the register — about 3 years late.

What this means for you: Overdue filings are the first thing a new supplier will notice — raise it gently, it shows you did your homework.

Set a filing alert Companies House

Commercial fit · evidence

What we checked · General opportunity weighting

100% measurable

Market growth

Arts & recreation formations up 3.8% a year nationally.

Strong

Company activity

0 filings in the last 12 months; status active.

Quiet

Reachability

A registered office is on file; phone and web are checked on Pro.

Address only

Competitive intensity

6,061 comparable companies in Wales.

Very high

Company maturity

Incorporated 5 yrs ago; scored against an 8-year maturity curve.

5 yrs

Rows marked Not checked are excluded from the score rather than assumed — the missing weight shows up as lower confidence, not as a worse company.

Unlock source scanning Model · General opportunity

Commonly relevant to

Commonly offered to a company like this

Business bankingInsuranceAccountancyIT & telecoms

These are sector norms, not detected needs. CompaniesIQ never asserts what a company requires — only what the register does and does not show.

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Answers: is this market big, growing and survivable — and is the region ahead or behind?

Market summary · arts & recreation

Sector size & momentum

Companies in sector142,700

National growth+3.8%

Wales+3.5%

New registrations (last 4 quarters)27,250live · all 17 SIC codes in the sector

5-year survival33.2%

This sector is growing roughly in line with the national average in Wales.

New companies per quarter

6,472 in Q3 2026

Companies House · every incorporation with a SIC code in this sector (17 codes)

Growth & survival

How long companies last here

1-year survival86.5%

3-year survival47.1%

5-year survival33.2%

Of every 100 companies started in this sector, roughly 33 are still trading five years later. This company is past that point.

View methodology ONS Business Demography (reference baseline) · sector baseline, not this company

Local economy · Wales

The market around it

Population3,175,181

Employment rate73.3%

Economic activity76.3%

Median weekly pay£719.30

Compare regions ONS · Nomis

Trends & outlook

Where the sector is heading

Growth trajectorySteady growth — incorporations rising at a measured pace.

Regional concentrationModerately distributed; Wales holds about 5% of UK activity.

Emerging locationsGrowth is more evenly spread across regions for this sector.

Sector momentumEstablished presence in the sector.

1Wales is a very high-density market for arts & recreation, with about 6,061 companies in the same industry.
2Formation is broadly in line with the national average (+3.5%).
3Around 537 new companies registered in this industry locally over the last year.
4Sector survival sits at 33% over five years — the benchmark for businesses in this classification.

View methodology Derived · ONS BPE sector growth + regional weighting

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Answers: how crowded is this market, and where does this company sit against its peers?

Where this company sits · quick peer score for any seller

Score distribution

24 closest comparables

00–20

021–30

031–40

041–50

051–60

161–70

471–80

19 + this one81+

A quick score from register status and company age only, because that is all the peer list carries. To compare like with like, this company is placed on the same quick score (85) — not the full 51/100 at the top of the page. Treat it as a position, not a ranking.

Closest comparables · 6,061 in Wales · 537 new in 12m

Peer companies

Build a list from these

Company	Incorporated	Location	Overall signal	Quick score
Diamond Racing Limited 02927579 · SIC 93191	10 May 1994	Wales	Active	100
K & W Bloodstock Limited 12634726 · SIC 01430	30 May 2020	Wales	Active	91
Kingmaker Racedays Limited 11487843 · SIC 93191	27 Jul 2018	North West	Active	100
BR Johnson Partnership Limited 12009761 · SIC 93191	21 May 2019	South East	Active	97
Thunder Holdings Limited SC664370 · SIC 70100	16 Jun 2020	Scotland	Active	91
Advantage Engineering Limited 02350402 · SIC 43290	21 Feb 1989	East of England	Active	100
W.R.R. (UK) Limited 03894706 · SIC 43290	15 Dec 1999	East of England	Active	100
Cordage Racing LTD 09618726 · SIC 93191	02 Jun 2015	South East	Active	100
Glocalone Limited 06256810 · SIC 68100	23 May 2007	London	Active	100
Market Rasen Racecourse Limited 00198237 · SIC 93191	27 May 1924	East Midlands	Active	100
Weldspec Bloodstock Limited SC743765 · SIC 93191	07 Sept 2022	Scotland	Active	78
Morgan-Evans Equestrian (UK) Limited 07634355 · SIC 93191	16 May 2011	East of England	Active	100
Max Comley Racing LTD 11992031 · SIC 93191	13 May 2019	South West	Active	97
Tim Fitzgerald Racing Limited 06260291 · SIC 93191	25 May 2007	West Midlands	Active	100
John Mcgregor LTD 04512730 · SIC 93191	15 Aug 2002	East of England	Active	100
Opulence Bloodstock Limited 15736598 · SIC 93191	23 May 2024	East of England	Active	69
David O'Meara Limited 08559859 · SIC 93191	07 Jun 2013	Yorkshire & the Humber	Active	100
Shaun Lycett Racing LTD 10221690 · SIC 93191	08 Jun 2016	West Midlands	Active	100
KPF Bloodstock Limited 14136616 · SIC 93191	27 May 2022	East of England	Active	80
Always Trying Racing Syndicate Limited 14940618 · SIC 93191	16 Jun 2023	Yorkshire & the Humber	Active	74
Leanne Breen Racing LTD NI669904 · SIC 93191	02 Jun 2020	Northern Ireland	Active	91
Nightingale & Sons Limited 14415207 · SIC 93191	12 Oct 2022	West Midlands	Active	78
William Knight Racing Limited 05537189 · SIC 93191	16 Aug 2005	East of England	Active	100
Copperclass Limited 02299141 · SIC 93191	22 Sept 1988	South East	Active	100

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Companies House · filing history

Timeline

In plain English: Received a strike-off notice without being dissolved.

Registered office changedDefault companies house service address applied psc13 Apr 2024
Registered office changedDefault companies house service address applied officer13 Apr 2024
Registered office changedDefault companies house registered office address applied13 Apr 2024
Status change / strike-offDissolved compulsory strike off suspended17 Feb 2024
Strike-off noticeGazette notice compulsory26 Dec 2023
Confirmation statementConfirmation statement with no updates13 Aug 2023
Change person director company with change date08 Aug 2023
Ownership (PSC) changeChange to a person with significant control08 Aug 2023
Change account reference date company previous shortened27 Jul 2023
Confirmation statementConfirmation statement with no updates03 Aug 2022

Showing the 10 most recent of 11 filings. Upgrade for the complete history.

Company details

Company: Principle Racing LTD
Number: 13539098
Registered office: 13539098 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH
Incorporated: 30 Jul 2021
Type: Private limited company
Nature of business: 93191 — Sports & recreation
Status: Active
Region: Wales · Wales
Accounts: Overdue, was due 27 Oct 2023
Confirmation statement: Overdue, was due 11 Aug 2024

Shared directors

Connected companies

Other companies run by the same directors are checked on paid plans — each appointment is a separate register lookup.

See plans

People & control

Who runs and owns it

FIDDES, Ritchie

Director

30 Jul 2021

Active

Mr Ritchie Fiddes

Owns 75–100% of shares75–100% of voting rightsCan appoint / remove directors

Active

No charges registered

Nothing is secured against this company’s assets on the Companies House register.

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CompaniesIQ presents evidence drawn from Companies House and ONS. Figures marked as modelled are derived from population and sector data. Scores are indicative, re-weight with the lens you choose, and are not financial, credit or legal advice.

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