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Rapidsource Telecom Limited

05949605

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

UNIT 2 WATFORD METRO CENTRE, WATFORD, WD18 9SS
Incorporated 28/09/2006

Compliance

Last accounts

28/02/2025

micro entity

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 16/02/2026

Due 02/03/2027

On track

Industry

61200
Wireless telecommunications activities

Officers

Mr Paul Anthony Watkins

director · Since 21/03/2011

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 2 other boards

Persons with Significant Control

Mr Paul Anthony Watkins

Significant control

British · England · Age 55

Unit 2, Watford Metro Centre, Watford, WD18 9SS

Notified 06/04/2016

Rapidsource (Holdings) Limited

75–100% shares

26, Shelley Lane, Uxbridge, UB9 6HP

Reg: 11150294 · Companies Register · Limited Company

Notified 16/01/2018

Charges0 outstanding

Charge
satisfied

BARCLAYS BANK PLC

Created 01/06/2017Registered 02/06/2017Satisfied 10/03/2023
charge
satisfied

BARCLAYS BANK PLC

Created 19/04/2012Registered 28/04/2012Satisfied 10/03/2023

CompanyRankvs 362+ SIC 61200 peers
79

Financial strength92th percentile among SIC peers · 23/25
Employees66th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.72× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees10/15 pts

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

Liquidity16/20 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 28/02/2025

Net Worth

£471k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£436k

Working capital

Current Assets

£1.0M

Current Liabilities

£606k

Fixed Assets

£38k

2avg. employees

Balance Sheet

Assets less current liabilities£474k
Signed by 05949605 2024-03-01 2025-02-28 05949605 2025-02-28 05949605 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20251.72-£120k
20241.30+£80k
202393.08+£17k
20229.08+£211k
20211.40+£110k
20201.54+£73k
20191.14

Derived from filed accounts. Not audited figures.