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Rapid Addition Limited

04942863

active
ltd
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

20-22 Wenlock Road, London, N1 7GU
Incorporated 24/10/2003

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 24/10/2025

Due 07/11/2026

On track

Industry

62090
Other information technology service activities

Officers

Kevin Jon Houstoun

director · Since 24/10/2003

British · Andorra

Mr Kevin Jon Houstoun

director · Since 24/10/2003

CONSULTANT

BRITISH · ANDORRA

Also on 1 other board

Mr Colin Andrew Francis Gay

director · Since 01/07/2019

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM

Also on 9 other boards

Mr Mike Edward Powell

director · Since 01/07/2019

DIRECTOR

BRITISH · ENGLAND

Also on 1 other board

Colin Andrew Francis Gay

director · Since 01/07/2019

British · United Kingdom

Mike Edward Powell

director · Since 01/07/2019

British · England

William Patrick John Mackeown

director · Since 26/11/2020

DIRECTOR

BRITISH · LUXEMBOURG

Also on 1 other board

William Patrick John Mackeown

director · Since 26/11/2020

British · Luxembourg

Former

Swift Incorporations Limited

corporate nominee secretary · Resigned 24/10/2003

Simon Alexander Tarling

director · Resigned 21/08/2006

Jordan Company Secretaries Limited

corporate nominee secretary · Resigned 07/06/2007

Horwath Small Business Centre Ltd

corporate secretary · Resigned 01/03/2010

Simon Edward Leighton Porter

director · Resigned 09/09/2013

Clive Richard Browning

director · Resigned 09/09/2013

Simon Edward Leighton-Porter

secretary · Resigned 09/09/2013

Robert Gavin Bonnar

director · Resigned 30/09/2016

Magalie Clemence Suzanne Valadier

director · Resigned 30/06/2019

William Patrick John Mackeown

director · Resigned 20/04/2020

Persons with Significant Control

Rapid Addition Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Reg: 09640186 · Companies House · Limited By Shares

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

GILION CREDIT I AB

Created 14/11/2025Registered 19/11/2025
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 10/06/2020Registered 13/06/2020Satisfied 07/11/2025

Change History

status → active
2026-08-09

Active

type → ltd
2026-08-09

Private Limited Company

address line1 → 20-22 Wenlock Road
2026-08-09

4TH FLOOR,

post town → London
2026-08-09

LONDON

postcode → N1 7GU
2026-08-09

WC2A 1DT

officer appointed → GAY, Colin Andrew Francis
2026-08-09
officer appointed → HOUSTOUN, Kevin Jon
2026-08-09
officer appointed → MACKEOWN, William Patrick John
2026-08-09
officer appointed → POWELL, Mike Edward
2026-08-09

CompanyRankvs 47101+ SIC 62090 peers
28

Financial strength1th percentile among SIC peers · 0/25
Employees16th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.74× · 6/20
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 strength0/25 pts

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

Employees2/15 pts

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

Liquidity6/20 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 31/12/2025

Net Worth

-£2.0M

Balance sheet strength

Cash

£239k

Cash in the bank

Net Current Assets

-£2.4M

Working capital

Current Assets

£6.9M

Current Liabilities

£9.3M

Fixed Assets

£405k

Debtors

£6.7M

0avg. employees-17

Balance Sheet

Intangible assets£391k
Assets less current liabilities-£2.0M

EstimatesDerived

YearCurrent RatioImplied Profit
20250.74-£1.0M
20240.53+£11k
20242.41-£1.2M
20230.69—

Derived from filed accounts. Not audited figures.