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Rapid Engineering N.E. Limited

04816411

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

UNIT 6 AXIS JUNCTION 9, BICESTER, OX26 2FL
Incorporated 01/07/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Ms Angeleen Baliton Bituin

director · Since 19/04/2024

DIRECTOR

FILIPINO · ENGLAND · Age 38

Also on 2 other boards

Mr Neil James Simpkins

director · Since 10/03/2025

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 13 other boards

Persons with Significant Control

N. E. European Limited

75–100% shares

Unit 6, Empire Road, Bicester, OX26 2FL

Reg: 15644425 · England · Limited Company

Notified 30/09/2025

Former PSCs

Mr Neil James Simpkins

Ceased 28/02/2020

React Industrial Solutions Limited

Ceased 30/09/2025

European Engineering Group Ltd

Ceased 30/09/2025

Charges2 outstanding

charge
outstanding

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 21/12/2007Registered 03/01/2008
charge
outstanding

MICHAEL NOBLE AND PHILIP NOBLE

Created 09/01/2004Registered 14/01/2004

CompanyRankvs 271+ SIC 71129 peers
79

Financial strength100th percentile among SIC peers · 25/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 5.84× · 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 strength25/25 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.

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 31/12/2024

Net Worth

£6.2M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Net Current Assets

£6.2M

Working capital

Current Assets

£7.5M

Current Liabilities

£1.3M

Fixed Assets

£35k

Debtors

£5.1M

14avg. employees+2

Tax at Year End

Corp tax£221k

Balance Sheet

Assets less current liabilities£6.2M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20245.84+£135k
20234.30

Derived from filed accounts. Not audited figures.