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Rag Collections Limited

03776053

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

46-48 PORTMAN ROAD, READING, RG30 1EA
Incorporated 24/05/1999

Compliance

Last accounts

30/09/2024

total exemption full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 27/06/2025

Due 11/07/2026

On track

Industry

38110
Collection of non-hazardous waste

Officers

Mrs Shahida Ahmed

secretary · Since 24/06/1999

BUSINESS

BRITISH · Age 73

Also on 2 other boards

Mr Raza Ahmed

director · Since 10/03/2014

SALES DIRECTOR

BRITISH · ENGLAND · Age 76

Also on 5 other boards

Persons with Significant Control

Mrs Shahida Ahmed

25–50% shares
25–50% votes

British · England · Age 74

46-48, Portman Road, Reading, RG30 1EA

Notified 24/06/2016

Mr Raza Ahmed

25–50% shares
25–50% votes

British · England · Age 76

46-48, Portman Road, Reading, RG30 1EA

Notified 03/09/2018

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/08/2014Registered 08/08/2014Satisfied 14/01/2016
charge
satisfied

THE WELLCOME TRUST LIMITED

Created 03/08/2007Registered 07/08/2007Satisfied 10/11/2014
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/10/2001Registered 02/11/2001Satisfied 29/11/2014

CompanyRankvs 265+ SIC 38110 peers
80

Financial strength91th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.15× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

£630k

Balance sheet strength

Cash

£512k

Cash in the bank

Net Current Assets

£419k

Working capital

Current Assets

£3.2M

Current Liabilities

£2.8M

Fixed Assets

£274k

Debtors

£2.6M

58avg. employees-11

Tax at Year End

Corp tax£51k

Balance Sheet

Bank loans & overdrafts£10k
Assets less current liabilities£693k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.15-£88k
20231.17+£157k
20191.16

Derived from filed accounts. Not audited figures.