Rapid Electrical Distributors Limited
05007840
Healthy
- Going concern doubt noted in accounts (-10)
- 7 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/04/2004
ELECTRICAL
BRITISH · ENGLAND · Age 57
Also on 6 other boards
secretary · Since 19/05/2014
Persons with Significant Control
Rapid Electrical Distributors Holdings Limited
St Anns Quay, 118, Quayside, Newcastle Upon Tyne, NE1 3BD
Reg: 13196044 · Companies House England And Wales · Private Company Limited By Shares
Notified 02/03/2021
Former PSCs
Mr Nicholas Edwell
Ceased 02/03/2021
Mrs Frances Edwell
Ceased 02/03/2021
Charges7 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC BANK PLC
HSBC BANK PLC
HSBC BANK PLC
AIB GROUP (UK) PLC
AIB GROUP (UK) PLC
CompanyRankvs 324+ SIC 46520 peers61
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con
Key FinancialsYear ending 31/12/2024
Turnover
£15.0M
Annual revenue
Net Worth
£1.7M
Balance sheet strength
Cash
£359k
Cash in the bank
Profit Before Tax
£530k
Bottom line earnings
Net Current Assets
£198k
Working capital
Current Assets
£5.0M
Current Liabilities
£4.8M
Fixed Assets
£1.9M
Debtors
£4.0M
Cost of Sales
£11.9M
Gross Profit
£3.1M
Admin Expenses
£2.6M
Operating Profit
£771k
Profit After Tax
£377k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.04 | +£919k |
| 2023 | 1.04 | +£33k |
| 2022 | 1.08 | +£104k |
| 2021 | 1.13 | +£39k |
| 2020 | 1.13 | — |
Derived from filed accounts. Not audited figures.