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Paragon Rapid Technologies Ltd

04858233

active
Private Limited Company
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • 4 outstanding charges (-8)

Details

PARAGON RAPID TECHNOLOGIES LTD AVIATION WAY, DARLINGTON, DL2 1NA
Incorporated 06/08/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22290
Manufacture of other plastic products

Officers

Phillip Laurence Adamson

secretary · Since 06/08/2003

GENERAL MANAGER

BRITISH · Age 52

Mr Phillip Laurence Adamson

director · Since 06/08/2003

GENERAL MANAGER

BRITISH · ENGLAND · Age 52

Peter Humphrey

director · Since 06/08/2003

WORKSHOP MANAGER

BRITISH · ENGLAND · Age 53

Mr Andrew Sale

director · Since 13/03/2025

GROUP MANAGING DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 3 other boards

Persons with Significant Control

Mr Phillip Laurence Adamson

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

British · England · Age 52

Paragon Rapid Technologies Ltd, Aviation Way, Darlington, DL2 1NA

Notified 01/08/2016

Mr Peter Humphrey

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

British · England · Age 52

Paragon Rapid Technologies Ltd, Aviation Way, Darlington, DL2 1NA

Notified 01/08/2016

Charges4 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 15/09/2017Registered 15/09/2017
Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 27/07/2017Registered 01/08/2017
Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 27/07/2017Registered 31/07/2017
Charge
outstanding

HSBC BANK PLC

Created 17/09/2014Registered 17/09/2014

CompanyRankvs 663+ SIC 22290 peers
66

Financial strength78th percentile among SIC peers · 20/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.19× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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663Paragon Rapid Technologies Ltd
76
How is this score calculated?
Financial strength20/25 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

£595k

Balance sheet strength

Cash

£26k

Cash in the bank

Net Current Assets

£255k

Working capital

Current Assets

£1.6M

Current Liabilities

£1.4M

Fixed Assets

£409k

Debtors

£949k

60avg. employees-5

Tax at Year End(2022)

Corp tax£0

Balance Sheet

Assets less current liabilities£664k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.19-£218k
20231.37-£251k
20221.44-£571k
20211.98+£236k
20201.74-£50k
20191.64-£236k
20181.97—

Derived from filed accounts. Not audited figures.