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Rapid Rugs Ltd

04787935

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

28 CHURCH END, BEDFORD, MK41 0LU
Incorporated 05/06/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47990
Other retail sale not in stores, stalls or markets

Officers

Jane Margaret Francolino

secretary · Since 09/06/2003

BRITISH · Age 58

Michele Francolino

director · Since 09/06/2003

RETAILER

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mr Michele Francolino

25–50% shares
25–50% votes
Appoint directors

British · England · Age 60

28 Church End, Bedford, MK41 0LU

Notified 05/06/2017

Mrs Jane Margaret Francolino

25–50% shares
25–50% votes
Appoint directors

British · England · Age 58

28 Church End, Bedford, MK41 0LU

Notified 05/06/2026

CompanyRankvs 14373+ SIC 47990 peers
45

Financial strength9th percentile among SIC peers · 2/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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14373Rapid Rugs Ltd
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How is this score calculated?
Financial strength2/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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 31/07/2024

Net Worth

-£18k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£1k

Current Liabilities

£19k

Fixed Assets

£523

2avg. employees

Balance Sheet

Assets less current liabilities-£18k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.07+£8k
20230.07+£39
20220.04-£7k
20210.10—

Derived from filed accounts. Not audited figures.