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Rapid Water Courses Limited

07522548

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

MELDRUM CONSTRUCTION HALIFAX ROAD, GATESHEAD, NE11 9JW
Incorporated 09/02/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42910
Construction of water projects

Officers

Mr Andrew Duncan Laird

director · Since 09/02/2011

CO DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 3 other boards

Mr David Martin Meldrum

director · Since 08/02/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 14 other boards

Mr Peter Vincent Stienlet

director · Since 08/02/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 2 other boards

Mr David Thomas Finnigan

secretary · Since 30/01/2026

Persons with Significant Control

Mr David Martin Meldrum

25–50% shares
25–50% votes

British · United Kingdom · Age 63

Meldrum Construction, Halifax Road, Gateshead, NE11 9JW

Notified 06/04/2016

Mr Andrew Duncan Laird

25–50% shares
25–50% votes

British · England · Age 50

Sawmill Cottage, Nibthwaite, Ulverston, LA12 8DE

Notified 06/04/2016

Mr Peter Vincent Stienlet

25–50% shares
25–50% votes

British · England · Age 57

Meldrum Construction, Halifax Road, Gateshead, NE11 9JW

Notified 06/04/2016

CompanyRankvs 438+ SIC 42910 peers
46

Financial strength47th percentile among SIC peers · 12/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.03× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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438Rapid Water Courses Limited
56
How is this score calculated?
Financial strength12/25 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.

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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 . 2.2 Going concern The company has net current liabilities due to amounts owed to related parties whch will not require repayment if this will jeopardise the company's ability to continue as a going concern. Fo

Key FinancialsYear ending 29/02/2024

Net Worth

£5k

Balance sheet strength

Cash

£768

Cash in the bank

Net Current Assets

£5k

Working capital

Current Assets

£181k

Current Liabilities

£175k

Debtors

£180k

0avg. employees

Tax at Year End

Corp tax£2k

Balance Sheet

Assets less current liabilities£5k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20241.03+£54k
20220.02—

Derived from filed accounts. Not audited figures.