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Rackline Limited

04697883

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

OAKTREE LANE, NEWCASTLE UNDER LYME, ST7 1RX
Incorporated 14/03/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31010
Manufacture of office and shop furniture

Officers

Mr Lindsay Kamal Khan B Eng Hons Aca

director · Since 16/06/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Mr Lindsay Kamal Khan

secretary · Since 01/11/2010

Fergus Patrick Doherty

director · Since 17/10/2014

DIRECTOR

BRITISH · ENGLAND · Age 59

Mr Thomas John Simpson

director · Since 26/07/2023

SALES DIRECTOR

BRITISH · ENGLAND · Age 38

Mr Andrew Simon Reed

director · Since 24/01/2024

TECHNICAL DIRECTOR

BRITISH · ENGLAND · Age 49

Persons with Significant Control

Fergus Patrick Doherty

50–75% shares
50–75% votes

British · England · Age 59

Oaktree Lane, Newcastle Under Lyme, ST7 1RX

Notified 06/04/2016

Mr Lindsay Kamal Khan

25–50% shares
25–50% votes

British · United Kingdom · Age 64

Clamonta Buildings, Whitacre Road, Nuneaton, CV11 6BX

Notified 21/07/2023

Former PSCs

Mr Jeffrey Mark Hibbert

Ceased 21/07/2023

Charges1 outstanding

Charge
outstanding

ULTIMATE FINANCE LTD

Created 28/03/2025Registered 31/03/2025
Charge
satisfied

ABN AMRO ASSET BASED FINANCE N.V.

Created 04/01/2023Registered 04/01/2023Satisfied 01/04/2025
Charge
satisfied

BARCLAYS BANK PLC

Created 27/03/2017Registered 01/04/2017Satisfied 23/03/2026
Charge
satisfied

BARCLAYS BANK PLC

Created 11/08/2016Registered 12/08/2016Satisfied 20/05/2020
Charge
satisfied

ABN AMRO COMMERCIAL FINANCE PLC

Created 04/12/2014Registered 04/12/2014Satisfied 16/02/2023
charge
satisfied

VENTURE FINANCE PLC TRADING AS VENTURE FACTORS

Created 14/12/2011Registered 15/12/2011Satisfied 16/02/2023
charge
satisfied

THE CO-OPERATIVE BANK P.L.C.

Created 30/11/2009Registered 17/12/2009Satisfied 25/02/2014
charge
satisfied

JAMES HAY PENSION TRUSTEES LIMITED

Created 24/08/2004Registered 27/08/2004Satisfied 29/08/2013
charge
satisfied

BUSINESS DESIGN CENTRE LIMITED

Created 28/10/2003Registered 30/10/2003Satisfied 21/11/2009
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 06/06/2003Registered 20/06/2003Satisfied 21/11/2009
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

Created 06/06/2003Registered 13/06/2003Satisfied 29/08/2013
charge
satisfied

HSBC BANK PLC

Created 06/06/2003Registered 11/06/2003Satisfied 23/02/2010
charge
satisfied

BRIAN ANTHONY HORAN

Created 06/06/2003Registered 11/06/2003Satisfied 23/02/2010
charge
satisfied

HSBC BANK PLC

Created 06/06/2003Registered 11/06/2003Satisfied 23/02/2010

CompanyRankvs 108+ SIC 31010 peers
68

Financial strength89th percentile among SIC peers · 22/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.12× · 12/20
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 strength22/25 pts

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

Employees14/15 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.

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 31/12/2024

Net Worth

£746k

Balance sheet strength

Cash

£354k

Cash in the bank

Net Current Assets

£203k

Working capital

Current Assets

£1.8M

Current Liabilities

£1.6M

Fixed Assets

£610k

Debtors

£1.0M

40avg. employees

Tax at Year End(2022)

Dividends paid£818k

Balance Sheet

Intangible assets£0
Assets less current liabilities£813k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.12+£166k
20231.17-£105k
20221.20+£207k
20211.07

Derived from filed accounts. Not audited figures.