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Rainbow Plastics Ltd

01617954

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

FIRST FLOOR UNIT 4, SHEFFIELD, S8 0XF
Incorporated 01/03/1982

Compliance

Last accounts

31/07/2025

total exemption full

Next accounts due

30/04/2027

On track

Confirmation statement

Last: 23/03/2026

Due 06/04/2027

On track

Industry

22290
Manufacture of other plastic products
38320
Recovery of sorted materials

Officers

Mr Timothy John Elliott

director · Since 23/03/1991

LABOURER

BRITISH · UNITED KINGDOM · Age 56

Also on 1 other board

Mr David Liam Seckington

director · Since 01/04/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Persons with Significant Control

Mr Timothy John Elliott

25–50% shares
25–50% votes

British · United Kingdom · Age 56

First Floor, Unit 4, Sheffield, S8 0XF

Notified 06/02/2020

Former PSCs

Mr Christopher Brian Elliott

Ceased 06/02/2020

Mrs Clare Louise Elliott

Ceased 21/10/2022

Charges1 outstanding

Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 22/01/2019Registered 23/01/2019
charge
satisfied

MIDLAND BANK PLC

Created 25/10/1993Registered 05/11/1993Satisfied 09/05/2025
charge
satisfied

MIDLAND BANK PLC

Created 05/03/1982Registered 11/03/1982Satisfied 09/01/2019

CompanyRankvs 1971+ SIC 22290 peers
39

Financial strength5th percentile among SIC peers · 1/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1971Rainbow Plastics Ltd
45
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/07/2025

Net Worth

-£54k

Balance sheet strength

Cash

£66k

Cash in the bank

Net Current Assets

-£273k

Working capital

Current Assets

£538k

Current Liabilities

£812k

Fixed Assets

£370k

Debtors

£361k

Profit After Tax

-£49k

16avg. employees+1

Tax at Year End

Dividends paid£80k

Balance Sheet

Assets less current liabilities£97k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.66-£129k
20240.74-£138k
20230.87-£75k
20221.66+£4k
20211.62+£28k
20202.43+£15k
20191.39+£9k
20181.42—

Derived from filed accounts. Not audited figures.