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Rapid (Uk) Engineering Services Limited

07308660

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

UNIT 7, CRAMLINGTON, NE23 1WF
Incorporated 08/07/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24200
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Officers

Mr Neil Elwell

director · Since 08/07/2010

ENGINEER

BRITISH · ENGLAND · Age 50

Mr Michael James Lawson

director · Since 08/07/2010

ENGINEER

BRITISH · ENGLAND · Age 48

Kevin Lazenby

director · Since 08/07/2010

ENGINEER

BRITISH · ENGLAND · Age 47

Mrs Tammie Irene Lawson

director · Since 01/04/2013

DIRECTOR

BRITISH · ENGLAND · Age 46

Mrs Heidi Lazenby

director · Since 01/04/2013

DIRECTOR

BRITISH · ENGLAND · Age 48

Mrs Paula Bramley

director · Since 01/03/2021

DIRECTOR

BRITISH · ENGLAND · Age 45

Persons with Significant Control

Mr Neil Elwell

25–50% shares
25–50% votes

British · England · Age 50

17, Norwich Way, Cramlington, NE23 1RB

Notified 08/07/2016

Charges3 outstanding

Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 30/11/2023Registered 06/12/2023
Charge
outstanding

ALLICA BANK LIMITED

Created 29/04/2022Registered 10/05/2022
Charge
outstanding

ALLICA BANK LIMITED

Created 29/04/2022Registered 10/05/2022

CompanyRankvs 144+ SIC 24200 peers
61

Financial strength82th percentile among SIC peers · 21/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.91× · 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 strength21/25 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.

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 31/07/2025

Net Worth

£333k

Balance sheet strength

Cash

£23k

Cash in the bank

Net Current Assets

-£101k

Working capital

Current Assets

£993k

Current Liabilities

£1.1M

Fixed Assets

£879k

Debtors

£643k

25avg. employees-8

Balance Sheet

Intangible assets£2k
Assets less current liabilities£778k
Signed by 2024-08-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20250.91+£162k
20240.94-£328k
20231.21

Derived from filed accounts. Not audited figures.