The Rack Group Limited
01617900
Notable Risks
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/08/2022
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 66
Also on 15 other boards
director · Since 01/04/2024
GROUP CEO
BRITISH · ENGLAND · Age 49
Also on 13 other boards
director · Since 01/05/2025
DIRECTOR
IRISH · IRELAND · Age 62
Also on 29 other boards
Persons with Significant Control
Industrial Workspace Specialists (Iws Group) Ltd
C/O Roxburgh Milkins Limited, Merchants House North, Bristol, BS1 4RW
Reg: 12089294 · Companies House · Private Limited Company
Notified 31/03/2021
Former PSCs
Rack Management Limited
Ceased 31/03/2021
Mr Philip Maxwell-Smith
Ceased 02/03/2021
Charges3 outstanding
LDC (MANAGERS) LIMITED
LDC (MANAGERS) LIMITED
ALTER DOMUS TRUSTEES (UK) LIMITED AS SECURITY AGENT
SANTANDER UK PLC
THE ROYAL BANK OF SCOTLAND PLC
THE ROYAL BANK OF SCOTLAND PLC.
CompanyRankvs 16430+ SIC 43290 peers62
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
significant doubt on the ability of the Company to continue as a going concern. This assessment has been required in the light of the significant uncertainty around the short to medium term impact of the COVID-19 virus. - 3 - 01617900 31 March 2021 THE RACK GROUP LIMITED NOTES
Key FinancialsYear ending 31/03/2021
Net Worth
£2.1M
Balance sheet strength
Cash
£131k
Cash in the bank
Net Current Assets
£255k
Working capital
Current Assets
£1.2M
Current Liabilities
£907k
Fixed Assets
£2.0M
Debtors
£779k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2021 | 1.28 |
Derived from filed accounts. Not audited figures.