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Rapidspeed Limited

01747723

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

UNIT B, BILSTON, WV14 0TH
Incorporated 23/08/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25940
Manufacture of fasteners and screw machine products

Officers

Mr Stephen Michael Franks

director · Since 27/10/1991

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 73

Persons with Significant Control

Mr Stephen Michael Franks

Significant control

British · United Kingdom · Age 73

Unit B, Bilston, WV14 0TH

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

THE CO-OPERATIVE BANK PLC

Created 17/01/1996Registered 18/01/1996
charge
satisfied

LLOYDS BANK PLC

Created 22/06/1989Registered 30/06/1989Satisfied 23/01/1996
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/07/1986Registered 01/08/1986Satisfied 30/06/1989
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/03/1984Registered 21/03/1984Satisfied 11/07/1989

CompanyRankvs 82+ SIC 25940 peers
62

Financial strength68th percentile among SIC peers · 17/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 4.17× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength17/25 pts

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

Employees5/15 pts

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

Liquidity20/20 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 31/03/2025

Net Worth

£444k

Balance sheet strength

Cash

£277k

Cash in the bank

Net Current Assets

£436k

Working capital

Current Assets

£574k

Current Liabilities

£138k

Fixed Assets

£9k

Debtors

£56

Profit After Tax

£4k

1avg. employees

Tax at Year End

Dividends paid£30k

Balance Sheet

Assets less current liabilities£445k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20254.17+£240k
20241.39-£26k
20231.43-£83k
20221.71+£36k
20211.63

Derived from filed accounts. Not audited figures.