Rapid Electronics Limited
01509592
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 10/07/2025
Due 24/07/2026
Industry
Officers
James Glen Bates
director · Since 24/07/2025
British
Andrew Keenan
director · Since 12/02/2024
British
Edward Parry
director · Since 15/09/2023
British
Former
Michael John Schaw Lee
secretary · Resigned 17/12/2012
Paul Baker
director · Resigned 20/06/2008
James Glen Bates
director · Resigned 19/09/2023
James Adam Bell
director · Resigned 13/03/2019
Simon Richard Fanshawe
director · Resigned 05/10/2012
Noreen George
director · Resigned 25/02/2003
King-Su Huang
director · Resigned 17/12/2012
Johannes Kofler
director · Resigned 19/05/2014
Michael John Schaw Lee
director · Resigned 17/12/2012
Holger Peter Ruban
director · Resigned 08/05/2015
Christopher Neil Stevenson
director · Resigned 14/11/2003
CompanyRankvs 105+ SIC 46520 peers80
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£7.8M
Balance sheet strength
Cash
£2.5M
Cash in the bank
Profit Before Tax
-£168k
Bottom line earnings
Net Current Assets
£7.2M
Working capital
Current Assets
£10.3M
Current Liabilities
£3.1M
Fixed Assets
£818k
Debtors
£2.3M
Cost of Sales
£13.4M
Admin Expenses
£6.3M
Profit After Tax
-£138k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.29 | -£138k |
| 2023 | 2.76 | — |
Derived from filed accounts. Not audited figures.